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Property profile & analytics
FOR LEASE
Office buildings
11 Commerce Blvd Palm Coast, FL 32164
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4360361
For Lease
1 / 14
$10 SF/Yr
11 Commerce Blvd, Palm Coast, FL 32164
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
28,200 SF
Lot
17.44 ac (759,686 SF)
Zoning code
IND-1
APN
07-11-31-5112-00000-0050
UPID
US18-4360361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Practical Horseman Horse Riding
-
Pelican QSR Solutions, Inc. Security Service General Contractor
-
Essential Restoration Services Hardware & Home Improvement Construction Company
-
Advanced Air Home Services HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
$6.32M
Blend (final)
Blend
$6.63M
Owner & transaction history
Palm Coast Industrial Equities LLC · 3 yrs held
Palm Coast Industrial Equities LLC
since 2023
5 recorded transactions
Zoning & alternative use
IND-1 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palm Coast submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Coast submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,805,000
6.5%
$5,360,000
7%
$4,975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,650,000
Current use
RESTAURANT
$9,520,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$6.63M
Range $5.97M – $7.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$235 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$112,647
Tax year 2023
Assessed value
$6,080,000
Assessed 2023
Previous assessed
$6,080,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed improvement
$6,080,000
Improvement market value
$6,080,000
Total market value
$6,080,000
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
1
Total area
28,200 SF
Lot
17.44 ac (759,686 SF)
Zoning code
IND-1
APN
07-11-31-5112-00000-0050
UPID
US18-4360361
Jurisdiction
FLAGLER
Zoning & alternative use
IND-1 · Palm Coast, FL
Zoning IND-1 · permitted uses
IND-1 · Palm Coast, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Coast. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.7M
RESTAURANT
Est. value
$9.5M
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
17.44 ac
Current owner
From public records · entity-resolved
Palm Coast Industrial Equities LLC
Entity
Mailing address
24 CHURCH ST, MONTCLAIR, NJ 07042-2771
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
—
Palm Coast Industrial Equities LLC
11 Commerce Equities LLC
Special Warranty Deed
$3,100,000 · Trevian Capital Reit LLC
Nov 8, 2021
$6,750,000
11 Commerce Palmer LLC
Commerce Blvd Holdings LLC
Special Warranty Deed
—
Feb 11, 2016
—
Commerce Blvd Holdings LLC
Palm Coast Data LLC
Quit Claim Deed
related
$84,000 · Pension Benefit Gnty
—
—
Palm Coast Data INC
—
Deed Of Trust
related
$3,550,931 · Credit Suisse First Boston Tte
—
—
Palm Coast Data LLC
—
Deed Of Trust
related
$2,655,000 · Pension Benefit Gnty
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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