Upgraded Duplex with Private
For Sale
$457,000
A-12 Louisiana Dr, Palm Coast, FL 32137
Two three-bedroom residences feature screened lanais, porcelain tile, carpeting, and private garages.
Property Size2,483 SF
Price / SF$184.05
Days on Market182
Property Features for A-12 Louisiana Dr
General Information
Standard status
Active
Size
2,483 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,019
Listing Agency:
re/max select professionals
(386) 283-4966
Listed By:
Melissa Vaculik
(386) 283-4966
Source:
Exprealty
Added: Mar 1
Changed: Aug 30
Last Checked: Aug 30 at 2:56AM
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 re/max select professionals
Investment Insights
Based on property information with market context.
This 2,483-square-foot duplex in Palm Coast’s L-section contains two three-bedroom, two-bath residences, each with approximately 1,250 square feet of living space. Both units offer cathedral ceilings, a display shelf, rounded drywall corners, porcelain tile in the main living areas, bedroom carpeting, ceiling fans, private garages, and screened lanais. The property has an upgraded stucco exterior with two-tone corner detailing and has been recently painted.
Current tenants occupy the residences at market-rate rents. The property is located at A-12 Louisiana Dr in Palm Coast, and a 24-hour showing notice is required. Tenant contact is not permitted.
Current tenants occupy the residences at market-rate rents. The property is located at A-12 Louisiana Dr in Palm Coast, and a 24-hour showing notice is required. Tenant contact is not permitted.
Key Highlights
- Duplex totals 2,483 SF with two 3BR/2BA residences
- Each unit provides approximately 1,250 SF of living space
- Private garage and screened lanai included with each unit
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
$28,670
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
6.27%
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%
$573,400
$573.4K
Cap Rate 7%
$409,571
$409.6K
Cap Rate 9%
$318,556
$318.6K
Market Conditions
NOI Build-Up for 2,483 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
$43.2K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$41.0K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.7K $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%
$573,400
Cap Rate 7%
$409,571
Cap Rate 9%
$318,556
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$363.9K
$318.4K – $424.5K
NOI $25,472 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$596.7K
$522.1K – $696.1K
NOI $41,768 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 32137, FL
46,258
Population
24,717
Households
1.9
Avg Household Size
57
Median Age
37%
College-Educated
95%
High-School Grad
62.4 sq mi
ZIP Area
741
Density / Sq Mi
$78,731
Median Household Income
$42,249
Median Earnings
$1,790
Median Rent
$360,600
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 three-bedroom residences feature screened lanais, porcelain tile, carpeting, and private garages.
Where is this duplex located?
The property is located at A-12 Louisiana Dr Palm Coast, FL.
What is the asking price?
The asking price for this property is $457,000.
What are key features of this property?
This property features: Duplex totals 2,483 SF with two 3BR/2BA residences; Each unit provides approximately 1,250 SF of living space; Private garage and screened lanai included with each unit
