1 Florida Park Dr Ste 101a Palm Coast, FL 32137-3843
Property Lookup
Property profile & analytics
1 Florida Park Dr Ste 101a Palm Coast, FL 32137-3843
- Office properties & Spaces
- 885 SF
- 0.02 lot acres
Property ID
US18-3046480
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Appliance Repair Doctor Palm Coast / Home Appliance Store
- Palm Coast Physical Therapy / Physician
- Waterstone Mortgage Corporation / Loan Service / Bank
- Gold Coast Realty / Real Estate Agency
- B. Paul Katz / Shopping Center & Mall
Property Details for 1 Florida Park Dr Ste 101a
- Year built
- 1991
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.02 lot acres
- Property size
- 885 SF
- Zone code
- OFC-2
- Property type
- Office properties & Spaces
- APN
- 07-11-31-7002-0RPA2-101A
- APU
- 07113170020RPA2101A
Description
This exceptional investment opportunity presents a brand-new, free-standing Wawa convenience store and gas station in Palm Coast, Florida. The property boasts a 20-year triple-net (NNN) ground lease, commencing November 21, 2024, with absolutely zero landlord responsibilities for operating and capital expenses. A significant advantage is the inclusion of a rare 8% rent increase every five years, starting in year six. The lease further includes six five-year option periods, ensuring long-term, stable income. Situated on a 2.51-acre lot at a signalized intersection of Palm Coast Pkwy NE and Florida Park Dr S, this Wawa enjoys high visibility and accessibility with three ingress/egress points. The 5,636 square-foot building, constructed in 2024, features 16 gas pumps and is 100% occupied. The property's strong financial performance is reflected in its $350,000 net operating income (NOI) and a 4.55% cap rate. The asking price is $7,692,308. The location benefits from a dense population of over 88,000 within a five-mile radius, boasting an average income exceeding $112,000. Nearby retailers include Publix, Starbucks, McDonald's, Wendy's, KFC, and many other national brands, indicating a thriving commercial environment. This is a fee-simple ownership with a corporate guarantee from Wawa, offering a secure and lucrative investment prospect. The property is debt-free, allowing for an all-cash purchase.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Palm Coast
- County
- Flagler
- State
- Florida
- Longitude
- -81.2069
- Latitude
- 29.5588
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,066
$0.00
$57,525
$57,525
-
$0.00
$57,525
$57,525
