Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5851 State Rte 100 Palm Coast, FL 32164
    Back to Search
    Property profile & analytics

    5851 State Rte 100 Palm Coast, FL 32164

    View on Map
    • Retail properties & Spaces
    • 7,202 SF
    • 1.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5851 State Rte 100

    Year built
    2024
    Lot size
    1.53 lot acres
    Property size
    7,202 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a newly constructed (2024), 7,202 square foot Miller's Ale House situated on 1.53 acres in Palm Coast, Florida. The property boasts a 15-year absolute NNN lease commencing August 1, 2024, and expiring July 31, 2039, with four 5-year renewal options. The lease includes attractive 2% annual rent increases, starting in the second year, ensuring consistent income growth. The property features 116 parking spaces and is part of the Cornerstone at Seminole Woods retail center, anchored by BJ's Wholesale Club and situated near other national retailers like Chase Bank, Longhorn Steakhouse, and Chick-fil-A. This prime location benefits from its proximity to AdventHealth Palm Coast Hospital, Flagler Palm Coast High School, and the Town Center master-planned community. The property offers a strong 5.50% cap rate based on a current Net Operating Income (NOI) of $350,000 and an asking price of $6,364,000. The building is a single-story Class A structure with 100% occupancy. Palm Coast's rapid population growth and its position as one of Florida's fastest-growing cities make this a compelling investment in a high-demand market. The tenant, Miller's Ale House, is a well-established restaurant chain with 112 locations nationwide, demonstrating financial stability and brand recognition. This offering presents a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1961
    Latitude
    29.4755

    Comparable in this City

    • Value Estimation by Request
      5,780 SF

      5877 State Hwy 100

      Restaurants • 5,780 SF
      5877 State Hwy 100, Palm Coast, FL 32164
      View Details
    • Value Estimation by Request
      1,400 SF

      5234 State Rte

      Restaurants • 1,400 SF
      5234 State Rte, Palm Coast, FL 32164
      View Details
    • Value Estimation
      $7,600,000
      73,869 SF

      270 Cypress Edge Dr

      DEPARTMENT STORE • 73,869 SF
      270 Cypress Edge Dr, Palm Coast, FL 32164-8429
      View Details
    • Value Estimation by Request
      335,071 SF

      100 At Belle Terre P

      Individual retail properties • 335,071 SF
      100 At Belle Terre P, Palm Coast, FL 32164
      View Details
    • Value Estimation by Request

      5234 107

      Land
      5234 107, Palm Coast, FL 32164
      View Details
    • Value Estimation by Request
      1,896 SF

      5045 State Hwy 100

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,896 SF
      5045 State Hwy 100, Palm Coast, FL 32164-2304
      View Details

    Similar Nearby for Sale

    • $435,000
      Pending

      Turnkey Restaurant Commercial Condo

      Fully equipped restaurant condo for sale in prime location.
      160 Cypress Point Pkwy, Palm Coast, FL 32164
      View Details
    • $249,000
      1,400 SF

      Thriving Deli & Grocery Store

      Well-established deli and grocery store in a prime location.
      208 St Joe Plz Dr, Palm Coast, FL 32164
      View Details
    • Contact for pricing

      Parking Space in Palm Coast

      Secure underground parking space available for sale in Palm Coast.
      101 Palm Harbor Pkwy, Palm Coast, FL 32164
      View Details
    • $369,000

      Prime Commercial Unit in Palm Coast

      Versatile commercial space in a thriving Palm Coast marketplace.
      160 Cypress Point Pkwy, Palm Coast, FL 32164
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Palm Coast Commercial Space Available

      Office and retail spaces in central Palm Coast location.
      160 Cypress Point Pkwy, Palm Coast, FL 32164
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Palm Coast

      Retail space with strong demographics and high traffic.
      800 Belle Terre Pkwy, Palm Coast, FL 32164
      View Details
    • Contact for pricing

      Palm Coast Industrial Park Space

      Office/call center spaces available in Palm Coast's Commerce Park.
      11 Commerce Blvd, Palm Coast, FL 32164
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5851 State Rte 100
    Palm Coast, FL 32164
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5851 State Rte 100, Palm Coast, FL, 32164
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!