Duplex with Screened
For Sale
$535,000
A-8 Fawn Ln, Palm Coast, FL 32137
Two matching residences offer three bedrooms, two full bathrooms, private garages, and outdoor screened-in living areas.
Property Size2,800 SF
Price / SF$191.07
Days on Market15
Property Features for A-8 Fawn Ln
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,232
Amenities
screened in Lanai
Building Details
Buildings
1
Listing Agency:
REALTY EXECUTIVES OCEANSIDE
(646) 209-5801
Listed By:
Basantee Zinkhan · License #3438155
(646) 209-5801
Source:
Exprealty
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 11:50PM
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 REALTY EXECUTIVES OCEANSIDE
Investment Insights
Based on property information with market context.
This 2,800-square-foot duplex contains two residences, each with 1,400 square feet of heated area, three bedrooms, and two full bathrooms. Both sides include a screened-in lanai and a two-car garage. The roof was replaced in 2020. A new stove and additional garage features were added in 2026 in the owner’s unit.
The property is at A-8 Fawn Ln in Palm Coast’s Palm Harbor Community, near James F. Holland Memorial Park and minutes from supermarkets, pharmacies, gas stations, banks, and restaurants. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away. Jacksonville Airport, Orlando Airport, Disney, and Universal Studios are approximately 1 hour 30 minutes away.
The property is at A-8 Fawn Ln in Palm Coast’s Palm Harbor Community, near James F. Holland Memorial Park and minutes from supermarkets, pharmacies, gas stations, banks, and restaurants. Flagler Beach and Matanzas Beach are approximately 15 minutes away, while St. Augustine is approximately 30 minutes away. Jacksonville Airport, Orlando Airport, Disney, and Universal Studios are approximately 1 hour 30 minutes away.
Key Highlights
- 2,800‑square‑foot duplex with two 1,400‑square‑foot units
- Each unit includes 3 bedrooms and 2 full bathrooms
- Two‑car garage and screened‑in lanai for 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
$32,331
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
6.04%
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%
$646,620
$646.6K
Cap Rate 7%
$461,871
$461.9K
Cap Rate 9%
$359,233
$359.2K
Market Conditions
NOI Build-Up for 2,800 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
$48.7K $17.40/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$46.2K $16.50/SF
− OpEx
−$13.9K −$4.95/SF
NOI
$32.3K $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%
$646,620
Cap Rate 7%
$461,871
Cap Rate 9%
$359,233
Alternative Uses
Best Use
Multifamily LT 5
$461.9K
$404.1K – $538.9K
NOI $32,331 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,723 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer three bedrooms, two full bathrooms, private garages, and outdoor screened-in living areas.
Where is this duplex located?
The property is located at A-8 Fawn Ln Palm Coast, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,800‑square‑foot duplex with two 1,400‑square‑foot units; Each unit includes 3 bedrooms and 2 full bathrooms; Two‑car garage and screened‑in lanai for each unit
