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Property profile & analytics
OFF-MARKET
Estimated value
$3,760,000
Life science properties
2 Commerce Blvd, Palm Coast, FL 32164-3126
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0586368
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1985
Construction
STEEL FRAME
Total area
48,777 SF
Lot
10.31 ac (449,104 SF)
Zoning code
PSP
APN
07-11-31-5112-00000-0120
UPID
US19-0586368
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
-
Ground Up Motors Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Jaxjoeco LLC · 5 yrs held
Jaxjoeco LLC
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
PSP · 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
$3,440,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,455,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,445,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,045,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.76M
Range $3.38M – $4.14M · ±10% · vs last sale $4.00M (Apr 21 2021)
Last sale anchor
$4.00M
Apr 21 2021
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
$77 / 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
$62,437
Tax year 2023
Assessed value
$3,370,000
Assessed 2023
Previous assessed
$3,370,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed improvement
$3,370,000
Improvement market value
$3,370,000
Total market value
$3,370,000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
48,777 SF
Lot
10.31 ac (449,104 SF)
Zoning code
PSP
APN
07-11-31-5112-00000-0120
UPID
US19-0586368
Jurisdiction
FLAGLER
Zoning & alternative use
PSP · Palm Coast, FL
Zoning PSP · permitted uses
PSP · 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
RETAIL STORES
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$4.0M
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
10.31 ac
Current owner
From public records · entity-resolved
Jaxjoeco LLC
Entity
Mailing address
91 GREAT HL RD, NAUGATUCK, CT 06770-2227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$4,000,000
Jaxjoeco LLC
Two Commerce LLC
Special Warranty Deed
$3,200,000 · South State Bank National Associati
Apr 29, 2009
$3,000,000
Two Commerce LLC
City Of Palm Coast
Warranty Deed
—
—
—
Two Commerce LLC
—
Deed Of Trust
related
$2,175,000 · American Republic Inv Co
—
—
Two Commerce LLC
—
Deed Of Trust
related
$1,400,000 · Pension Benefit Gnty Corp
—
—
Two Commerce LLC
—
Deed Of Trust
related
$1,125,000 · American Republic Inv Co
—
—
Two Commerce LLC
—
Deed Of Trust
related
$1,125,000 · American Republic Inv Co
—
—
Two Commerce LLC
—
Deed Of Trust
related
$1,125,000 · American Republic Investment
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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