New Construction Concrete Block
For Sale
$565,000
95 Providence Ln, Palm Coast, FL 32164
Two private residences offer updated kitchens, covered porches, individual garages, and flexible owner-occupant or rental possibilities.
Property Size2,398 SF
Price / SF$235.61
Days on Market14
Property Features for 95 Providence Ln
General Information
Standard status
Active
Size
2,398 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
covered porch
Building Details
Year Built
2026
Buildings
1
Construction
concrete block
Tenancy
Multi
Listing Agency:
COLDWELL BANKER PREMIER
(386) 931-6579
Listed By:
Ana Medeiros · License #0707004
Source:
Bradfordrealestatenetwork
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 14 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER PREMIER
Investment Insights
Based on property information with market context.
Completed in 2026, this concrete block duplex occupies a corner lot with each residence accessed from a separate street frontage. Both units provide 1,199 square feet with three bedrooms, two full bathrooms, an open-concept layout, ceramic tile flooring, upgraded lighting, and a one-car garage with epoxy flooring, remote opener, and laundry hookups. Kitchens include stainless steel refrigerators, stoves, microwaves, and dishwashers, along with granite countertops and ample cabinetry. Covered porches extend from the living areas, while each primary suite includes a walk-in closet and private bathroom with a granite vanity and glass-enclosed walk-in shower.
The property is 1.8 miles from Wadsworth Elementary, 1.9 miles from Buddy Taylor Middle School, 3.5 miles from Publix Belle Terre and Aldi, 4 miles from AdventHealth Hospital, and 5 miles from BJ’s Wholesale Club. I-95 provides access toward Saint Augustine and Daytona Beach, each approximately 30 minutes away. The duplex can support multigenerational living, an owner-occupant arrangement with one rented unit, or long- or short-term rental use.
The property is 1.8 miles from Wadsworth Elementary, 1.9 miles from Buddy Taylor Middle School, 3.5 miles from Publix Belle Terre and Aldi, 4 miles from AdventHealth Hospital, and 5 miles from BJ’s Wholesale Club. I-95 provides access toward Saint Augustine and Daytona Beach, each approximately 30 minutes away. The duplex can support multigenerational living, an owner-occupant arrangement with one rented unit, or long- or short-term rental use.
Key Highlights
- New construction concrete block duplex completed in 2026
- Two 1,199‑square‑foot units, each with 3 bedrooms and 2 full bathrooms
- Corner lot with separate street‑front entrances for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,689
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,780
$553.8K
Cap Rate 7%
$395,557
$395.6K
Cap Rate 9%
$307,656
$307.7K
Market Conditions
NOI Build-Up for 2,398 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.7K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.6K $16.50/SF
− OpEx
−$11.9K −$4.95/SF
NOI
$27.7K $11.55/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,780
Cap Rate 7%
$395,557
Cap Rate 9%
$307,656
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,689 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 32164, FL
49,412
Population
22,902
Households
2.2
Avg Household Size
48
Median Age
26%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
1,520
Density / Sq Mi
$71,738
Median Household Income
$37,976
Median Earnings
$1,724
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two private residences offer updated kitchens, covered porches, individual garages, and flexible owner-occupant or rental possibilities.
Where is this duplex located?
The property is located at 95 Providence Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: New construction concrete block duplex completed in 2026; Two 1,199‑square‑foot units, each with 3 bedrooms and 2 full bathrooms; Corner lot with separate street‑front entrances for each residence
