Under-Construction Duplex with Private
For Sale
$545,000
95 PROVIDENCE LANE, Palm Coast, FL 32164
PALM COAST, FL
Property Size2,398 SF
Price / SF$227.27
Days on Market50
Property Features for 95 PROVIDENCE LANE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Property condition
Under Construction
Bedrooms
6
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 4
Elementary school
WADSWORTH ELEMENTARY
Middle school
BUDDY TAYLOR MIDDLE
High school
FLAGLER-PALM COAST HIGH
Standard status
Active
Size
2,398 SF
Building Details
Year built
2026
Listing Agency:
Premier Properties · Coldwell Banker Real Estate
(386) 445-5880
Listed By:
Ana Medeiros · License #0707004
(386) 931-6579
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 2 at 6:06AM
MLS# FC316893
Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex contains 2,398 square feet, with two separately oriented residences measuring 1,199 square feet each. Every unit includes an open living arrangement, three bedrooms, two full bathrooms, ceramic tile flooring, updated lighting, and a one-car garage with an epoxy-coated floor and remote opener. Laundry hookups are provided. Kitchens feature stainless steel refrigerators, ranges, microwaves, and dishwashers, along with granite counters, tile backsplash, and substantial cabinetry. Sliding doors connect the living area to a covered porch. Primary suites include walk-in closets and private bathrooms with granite vanities and glass-enclosed showers, while the second bathrooms provide granite vanities and tiled tub surrounds.
The property occupies a corner lot at 95 Providence Lane in Palm Coast, Florida. Wadsworth Elementary is 1.8 miles away, Buddy Taylor Middle School is 1.9 miles away, and AdventHealth Hospital is 4 miles away. Shopping options include Publix Belle Terre and Aldi at 3.5 miles, with BJ’s Wholesale Club 5 miles away. Flagler Beach is 9.2 miles away, and I-95 provides access toward Saint Augustine and Daytona Beach.
The property occupies a corner lot at 95 Providence Lane in Palm Coast, Florida. Wadsworth Elementary is 1.8 miles away, Buddy Taylor Middle School is 1.9 miles away, and AdventHealth Hospital is 4 miles away. Shopping options include Publix Belle Terre and Aldi at 3.5 miles, with BJ’s Wholesale Club 5 miles away. Flagler Beach is 9.2 miles away, and I-95 provides access toward Saint Augustine and Daytona Beach.
Key Highlights
- Duplex under construction with 2,398 square feet total and two 1,199‑square‑foot residences
- Each unit includes 3 bedrooms, 2 full baths, and a 1‑car garage
- Separate unit entrances face different street frontages on a corner lot
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
5.08%
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 5.08%
Second Best
Apartment 5plus
$351.4K
$307.5K – $410.0K
NOI $24,600 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two baths, a garage, laundry hookups, and a covered porch.
Where is this duplex located?
The property is located at 95 PROVIDENCE LANE Palm Coast, FL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Duplex under construction with 2,398 square feet total and two 1,199‑square‑foot residences; Each unit includes 3 bedrooms, 2 full baths, and a 1‑car garage; Separate unit entrances face different street frontages on a corner lot
