Retail Condominium with Private
B115-101 Palm Harbor Pkwy, Palm Coast, FL 32137
For Sale
$310,000
Three enclosed rooms and an in-unit restroom provide a practical layout for business operations.
Property Size1,250 SF
Price / SF$248
Days on Market18
Property Features for B115-101 Palm Harbor Pkwy
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
private bathroom
Listing Agency:
MAY REALTY & RESORT RENTALS
(904) 461-5732
Listed By:
Carsten Georg · License FL #3481663
(321) 604-5854
Source:
Exprealty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
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 MAY REALTY & RESORT RENTALS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in European Village in Palm Coast, this retail condominium contains approximately 1,250 square feet. The interior includes a private bathroom and three separate rooms, each measuring approximately 12' x 8', offering defined areas for business functions or storage.
Restaurants, specialty shops, and other commercial businesses form the surrounding village setting. The property also hosts a farmers market and community events, with pedestrian activity throughout the destination.
Restaurants, specialty shops, and other commercial businesses form the surrounding village setting. The property also hosts a farmers market and community events, with pedestrian activity throughout the destination.
Key Highlights
- Approximately 1,250 square feet in Building B, Unit 115
- Three rooms, each approximately 12' x 8'
- Private bathroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,968
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,360
$359.4K
Cap Rate 7%
$256,686
$256.7K
Cap Rate 9%
$199,644
$199.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.8K $22.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$25.7K $20.54/SF
− OpEx
−$7.7K −$6.16/SF
NOI
$18.0K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,360
Cap Rate 7%
$256,686
Cap Rate 9%
$199,644
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.4K
$262.8K – $350.5K
NOI $21,027 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
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
$360,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Flagler County, FL
Properties on Market for Retail space in Flagler County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Three enclosed rooms and an in-unit restroom provide a practical layout for business operations.
Where is this retail space located?
The property is located at B115-101 Palm Harbor Pkwy Palm Coast, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Approximately 1,250 square feet in Building B, Unit 115; Three rooms, each approximately 12' x 8'; Private bathroom within the unit
