Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12 Ofc Park Dr Palm Coast, FL 32137-3808
    Back to Search
    Property profile & analytics

    12 Ofc Park Dr, Palm Coast, FL 32137-3808

    View on Map
    • Office buildings
    • 2,391 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Nov 3, 2022
    $104,000
    Property ID
    US18-4286895
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 12 Ofc Park Dr

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Zone code
    OFC-2
    Property type
    Office buildings
    APN
    07-11-31-7003-000A0-0050
    APU
    0711317003000A00050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 3, 2022 — Janet Roberts Janet Roberts Intrafamily Transfer · related —
    Jun 5, 2019 — Richard W Roberts — Deed · related $468k · Community St Bk
    Sep 13, 2004 — Howell V Peavy Peavy Howell V Quit Claim Deed · related —
    — — Richard W Roberts — Loan Modification · related $468k · Community St Bk
    — — Flagler County Ins Agcy INC — Loan Modification · related $131k · Harbor Community Bank
    — — Flagler County Ins Agcy INC — Loan Modification · related $154k · Harbor Community Bank
    — — Flagler County Ins Agcy INC — Deed Of Trust · related $150k · Putnam State Bank
    — — Flagler County Ins Agcy INC — Deed Of Trust · related $191k · Putnam State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2045
    Latitude
    29.5591
    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
    $4,003
    $84,029
    $132,014
    $216,043
    -
    $84,029
    $132,014
    $216,043

    Comparable in this City

    • Value Estimation
      $725,000
      3,313 SF

      14 Palm Hbr Vlg Way

      OFFICE BUILDING
      14 Palm Hbr Vlg Way, Palm Coast, FL 32137-8235
      View Details
    • Value Estimation
      $5,090,000
      680 SF

      2 Aspen Way

      OFFICE BUILDING
      2 Aspen Way, Palm Coast, FL 32137
      View Details
    • Value Estimation
      $755,000
      5,580 SF

      13 Utility Dr

      OFFICE BUILDING
      13 Utility Dr, Palm Coast, FL 32137-7386
      View Details
    • Value Estimation by Request
      187 SF

      13 Ocean Crst Way

      OFFICE BUILDING
      13 Ocean Crst Way, Palm Coast, FL 32137-3260
      View Details
    • Value Estimation by Request
      2,180 SF

      4488 Ocean Shr Blvd

      OFFICE BUILDING
      4488 Ocean Shr Blvd, Palm Coast, FL 32137-2220
      View Details
    • Value Estimation
      $620,000
      4,236 SF

      5182 Ocean Shr Blvd

      OFFICE BUILDING
      5182 Ocean Shr Blvd, Palm Coast, FL 32137-3262
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,615 SF

      Premium Office Building For Sale

      Income-generating professional office in high-demand coastal market.
      1 Armand Beach Dr, Palm Coast, FL 32137
      View Details
    • $1,850,000
      14,788 SF

      Palm Coast Office Quad For Sale

      14,788 SF office quad with recent improvements in Palm Coast.
      4 Office Park Dr, Palm Coast, FL 32137
      View Details
    • $170,000

      Palm Coast Light Industrial Unit

      Functional, flexible unit in Palm Coast's commercial and industrial corridor.
      15 Hargrove Ln, Palm Coast, FL 32137
      View Details
    • Contact for pricing
      Pending

      Updated Office Condo For Sale

      Office condo in Palm Coast, suitable for various uses.
      55 Plaza Dr, Palm Coast, FL 32137
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      FL, Palm Coast - Palm Coast Parkway

      Flexible workspace in FL, Palm Coast - Palm Coast Parkway
      4869 Palm Coast Pkwy, Palm Coast, FL 32137
      View Details
    • $12 SF/Yr

      Palm Coast Parkway Office Space

      Office space with frontage on Palm Coast Parkway.
      381 Palm Coast Pkwy SW 4, Palm Coast, FL 32137
      View Details
    • Contact for pricing

      Palm Coast Commercial Space For Lease

      Commercial space for lease in Palm Coast, Florida.
      5055 North Oceanshore Blvd, Palm Coast, FL 32137
      View Details
    • Contact for pricing
      2,662 SF

      Island Walk Office Space

      Office space in premier shopping area, easy I-95 access.
      4 Old Kings Rd N, Palm Coast, FL 32137
      View Details
    • $1,800 /Mo
      1,031 SF

      Palm Coast Office Space Available

      Office space with reception area and five offices for rent.
      381 Palm Coast Pkwy SW, Palm Coast, FL 32137
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 Ofc Park Dr
    Palm Coast, FL 32137-3808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12 Ofc Park Dr, Palm Coast, FL, 32137
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!