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Financial
Distress signals
Property profile

2 Mccormick Dr Palm Coast, FL 32164

OFF-MARKET
Commercial land
Property ID
US18-2110803
8,993 SF 2.53 ac lot Built 1992
Last sale Sep 2023 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 9,000-square-foot medical office building located on McCormick Drive in Palm Coast, situated on a 1.89-acre lot. It is configured for healthcare use and was operated as a medical practice at this location for many years. The building is designed to be leased on a net basis (NNN) under a long-term lease structure, and it reflects a medical office layout intended to support outpatient/provider services.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$377k
Assessed land$377k
Effective rate1.74%

Value estimate

· Oct 2026
$1.36M
$1.22M – $1.49M
AI approach$1.78M
CAP approach$1.40M
Submarket $/SF estimate$1.42M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$528/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$146 – $993
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OFC-2
The purpose of the OFC-2 district is to provide areas for various types of office uses, such as office parks, corporations, and other bus...
General categoryCOMMERCIAL
JurisdictionFLAGLER

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.0
Building Supply8.9
Convenience Store8.6

Location

2 Mccormick Dr Palm Coast, FL 32164-2352
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4105 Royal Palms, Palm Coast, FL 32164 $2,760,563 May 2025 No data
1208 Central, Palm Coast, FL 32164 $523,000 Apr 2025 No data
15 Market, Palm Coast, FL 32164-2490 $440,000 Mar 2025 No data
75 Park Pl, Palm Coast, FL 32164-0003 $150,000 Mar 2025 No data
4 Medical, Palm Coast, FL 32164 $350,000 Oct 2024 No data
4045 Royal Palms, Palm Coast, FL 32164 $9,960,000 Mar 2024 3,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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