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Property profile & analytics
OFF-MARKET
Estimated value
$5,325,000
Drug stores
1109 Palm Coast SW Pkwy Palm Coast, FL 32137-4704
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4145752
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1996
Construction
CONCRETE
Total area
15,429 SF
Lot
2.37 ac (103,237 SF)
Zoning code
COM-2
APN
07-11-31-7025-000A0-00D5
UPID
US18-4145752
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Cardtronics ATM Atm
-
FedEx OnSite Postal Service Courier Service
-
Blue Rhino Propane Exchange Propane Supplier
-
Walgreens Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.33M
Owner & transaction history
Fred R Martin · 3 yrs held
Fred R Martin
since 2022
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
COM-2 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.1M
+203.5%
Restaurant
$5.2M
+94.0%
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
$5,430,000
ML approach
$5,290,000
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,145,000
Change: +203% · Conversion: Easy
RESTAURANT
$5,210,000
Change: +94% · Conversion: Easy
Blend value · Realmo final
$5.33M
Range $4.79M – $5.86M · ±10% · vs last sale $6.25M (Oct 20 2022)
Last sale anchor
$6.25M
Oct 20 2022
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
$345 / 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
$33,535
Tax year 2023
Assessed value
$1,810,000
Assessed 2023
Previous assessed
$1,810,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed improvement
$1,810,000
Improvement market value
$1,810,000
Total market value
$1,810,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
15,429 SF
Lot
2.37 ac (103,237 SF)
Zoning code
COM-2
APN
07-11-31-7025-000A0-00D5
UPID
US18-4145752
Jurisdiction
FLAGLER
Zoning & alternative use
COM-2 · Palm Coast, FL
Zoning COM-2 · permitted uses
COM-2 · 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
COMMERCIAL (GENERAL)
Est. value
$8.1M
RESTAURANT
Est. value
$5.2M
COMMERCIAL (GENERAL)
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
1996
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
Fred R Martin
Individual
Mailing address
PO BOX 4407, EL DORADO HILLS, CA 95762-0018
Ownership since
2022
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
Oct 20, 2022
$6,250,000
Fred R Martin
Cardinal Green Investments LLC
Special Warranty Deed
$3,437,500 · First Savings Bank
Sep 22, 2022
$3,727,000
Cardinal Green Investments LLC
Dussin Investment Co
Special Warranty Deed
$3,203,401 · The Northern Trust Co
Sep 22, 2022
—
Walgreen Co
Cardinal Green Investments LLC
Lease
—
Oct 27, 2004
$575,000
Dussin Investment Co
Dussin Inv Co Retireme Trust
Grant Deed
related
—
Sep 21, 1998
$275,000
Dussin Investment Co
Dussin Trust
Grant Deed
related
—
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.
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