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    Town Center Blvd Palm Coast, FL 32164
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    Town Center Blvd, Palm Coast, FL 32164

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    • Office Spaces
    • 2,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Town Center Blvd

    Year built
    2024
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional mixed-use development in Palm Coast, Florida offers 2,500 to 4,200 square foot office and medical spaces in nine new buildings (Year Built: 2024). Strategically located at the intersection of Town Center Boulevard and Hospital Drive, this property boasts over 345 feet of frontage on Town Center Boulevard, providing excellent visibility and accessibility. The development is situated less than 0.3 miles from AdventHealth's 100-bed hospital and adjacent medical complex, and less than a mile from I-95. The site offers monument signage opportunities at the major intersection, enhancing brand visibility. These grey shell buildings are ready for build-out to suit your specific needs, whether medical or traditional office. The property is zoned for commercial use and sits within the Town Center at Palm Coast Community Development District (CDD) trade area, an area designated for multi-family, residential, office, retail, and hotel developments. This prime location in Palm Coast, Florida's largest city in its county, provides access to a population exceeding 98,000 residents. The APN is 06-12-31-5815-00000-0260. Direct access to Palm Coast Parkway and State Road 100 further enhances the property's strategic value.

    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
    -81.1951
    Latitude
    29.4794

    Comparable in this City

    • Value Estimation by Request
      11,992 SF

      145 City Pl

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    • Value Estimation by Request
      3,908 SF

      145 City Pl

      Medical Office Space
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    • Value Estimation by Request
      3,370 SF

      140 Pinnacles Dr

      MEDICAL BUILDING
      140 Pinnacles Dr, Palm Coast, FL 32164-2322
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    • Value Estimation
      $630,000
      21,055 SF

      180 Pinnacles Dr

      MEDICAL BUILDING
      180 Pinnacles Dr, Palm Coast, FL 32164-2596
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    • Value Estimation
      $10,150,000
      26,951 SF

      57 Town Ct

      MEDICAL BUILDING
      57 Town Ct, Palm Coast, FL 32164-2425
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    • Value Estimation
      $1,575,000
      33,700 SF

      120 Cypress Edge Dr

      MEDICAL BUILDING
      120 Cypress Edge Dr, Palm Coast, FL 32164-8453
      View Details

    Similar Nearby for Sale

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      Palm Coast Medical/Office Opportunity

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      Medical/Office Space Near Palm Coast Hospital

      Mixed-use development site near Advent Health's Palm Coast Hospital.
      Town Center Blvd, Palm Coast, FL 32164
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    • $840,000
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      New Office Building in Palm Coast

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      New Office Building in Development

      Under construction office building in Palm Coast Town Center.
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    Similar Nearby for Lease

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      2,050 SF

      Retail and Residential Development

      Mixed-use development with retail, restaurant, office, and residential spaces.
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    • $7,662 /Mo
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      Medical Office Space Sublease

      Sublease medical office space next to Advent Hospital Flagler.
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      36,000 SF

      Medical Office Space For Rent

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      Medical Office Space Near Hospital

      Sublease medical office space next to Advent Hospital Flagler.
      21 Hospital Dr, Palm Coast, FL 32164
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    • $75,000

      Professional Office Suite For Rent

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    Town Center Blvd
    Palm Coast, FL 32164
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    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.

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