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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1030 Old Kings Rd Palm Coast, FL 32137

    • Commercial real estate
    • 32.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4783106
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1030 Old Kings Rd

    Lot size
    32.60 lot acres
    Property type
    Commercial real estate
    APN
    18-11-31-5700-00000-0010, 18-11-31-5700-00000-0020, 18-11-31-5700-00000-0030, 18-11-31-5700-00000-0040, 18-11-31-5700-00000-0050, 18-11-31-5700-00000-0060, 18-11-31-5700-00000-0070, 18-11-31-5700-00000-0080, 18-11-31-5700-00000-00A0

    Description

    This exceptional 32.6-acre commercial land parcel presents a unique investment opportunity in Palm Coast, Florida. Boasting over 3,400 feet of direct frontage along Interstate 95, this property enjoys high visibility and accessibility with an estimated 81,400 vehicles passing daily. The site is zoned COM-3 by the City of Palm Coast, allowing for mixed-use development. Its strategic location offers convenient access to major roadways, including Palm Coast Parkway SE, which sees approximately 43,500 vehicles daily. The property's proximity to established retail giants such as Walmart, Belk, Lowe's, Winn-Dixie, Ollie's Bargain Outlet, Amscot, and The Home Depot further enhances its appeal. Furthermore, its location is just three miles south of the Palm Coast Town Center, a significant new development project. The asking price is $16,137,000, translating to $495,000 per acre. This fee-simple ownership opportunity comprises nine parcels, identified by APN numbers: 18-11-31-5700-00000-0010, 18-11-31-5700-00000-0020, 18-11-31-5700-00000-0030, 18-11-31-5700-00000-0040, 18-11-31-5700-00000-0050, 18-11-31-5700-00000-0060, 18-11-31-5700-00000-0070, 18-11-31-5700-00000-0080, and 18-11-31-5700-00000-00A0. The address is 1030 Old Kings Rd, Palm Coast, FL 32137, in Flagler County. This prime location and zoning make this an ideal site for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2089235
    Latitude
    29.5410684

    Comparable in this City

    • $2,500,000

      Palm Coast Commercial Land

      Prime 52-acre commercial lot
      0 Xx Old Kings Rd, Palm Coast, FL 32137
      View Details
    • $425,000

      Palm Coast Development Site

      Prime Commercial Land, Ready to Build
      0 Xxx Teunis Ct, Palm Coast, FL 32137
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    • $7,500,000
      44.59 Acres

      Palm Coast Commercial Land - $7.5M

      44.59 Acres, Prime Commercial Location
      0 State Rte 100, Palm Coast, FL 32137
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    • $179,000

      Prime Palm Coast Commercial Land

      4,356 SF Commercial Lot, Owner Financing
      140 Harbor Village Pt, Palm Coast, FL 32137
      View Details
    • $89,900
      0.23 Acres

      Homesite in Gated Golf Community

      Homesite in Palm Coast's luxurious gated golf community.
      680 Mahogany Run, Palm Coast, FL 32137
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    • $175,000
      0.36 Acres

      Waterfront Lot with Ocean Access

      Premier waterfront lot for custom luxury home with ocean access.
      20 Cleveland Ct, Palm Coast, FL 32137
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    Similar Nearby for Sale

    • $2,500,000

      Palm Coast Commercial Land

      Prime 52-acre commercial lot
      0 Xx Old Kings Rd, Palm Coast, FL 32137
      View Details
    • $7,500,000
      44.59 Acres

      Palm Coast Commercial Land - $7.5M

      44.59 Acres, Prime Commercial Location
      0 State Rte 100, Palm Coast, FL 32137
      View Details
    • $179,000

      Prime Palm Coast Commercial Land

      4,356 SF Commercial Lot, Owner Financing
      140 Harbor Village Pt, Palm Coast, FL 32137
      View Details
    • $425,000

      Palm Coast Development Site

      Prime Commercial Land, Ready to Build
      0 Xxx Teunis Ct, Palm Coast, FL 32137
      View Details
    • $220,000

      Land For Sale

      Land available for purchase.
      308 Harbor Village Pt N, Palm Coast, FL 32137
      View Details
    • $775,000

      Land Available on Ocean Shore

      Land for sale at 3861 N OCEAN SHORE Blvd
      3861 N Oceanshore Blvd, Palm Coast, FL 32137
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,851 SF

      Palm Coast Parkway Commercial Land

      Two-acre commercial lot, prime location.
      540 Palm Coast Pkwy, Palm Coast, FL 32137
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    • Contact for pricing
      4,348 SF

      Palm Coast Retail Space For Sale

      Prime Bank Location, 4,348 SF
      1300 Palm Coast Pkwy, Palm Coast, FL 32137
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    • Contact for pricing

      Former Bank Branch For Sublease

      Former bank branch with drive-thru and ample parking.
      Palm Coast, FL 32137
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    • Contact for pricing

      Palm Coast Retail Hub Space

      Retail space in Palm Coast's main retail hub.
      250 Palm Coast Pkwy NE, Palm Coast, FL 32137
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    • $1,000 /Mo
      810 SF

      Palm Coast Office Space Available

      Commercial unit near Island Walk Shopping Center with two offices.
      21 Old Kings Rd N, Palm Coast, FL 32137
      View Details
    • $16 SF/Yr
      950 SF

      Retail Space on Palm Coast

      Second-floor retail space with elevator access and tenant signage.
      1000 Palm Coast Pkwy SW, Palm Coast, FL 32137
      View Details
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    1030 Old Kings Rd
    Palm Coast, FL 32137
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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.

    More about this property
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