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Property profile & analytics
FOR LEASE
Medical Office Space
2 Mccormick Dr Palm Coast, FL 32164
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-8242434
For Lease
1 / 8
$26,775 SF/Yr
2 Mccormick Dr, Palm Coast, FL 32164
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
8,993 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OFC-2
APN
08-12-31-0650-000B0-0114
UPID
US18-8242434
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
-
Zaw Myint Pediatrician Physician
-
Island Doctors Medical Clinic
-
Frank Alea Physician Hospital
-
Joshua Horenstein Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Atoz LLC
Atoz LLC
since 2025
3 recorded transactions
Zoning & alternative use
OFC-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,247
Tax year 2023
Assessed value
$553,073
Assessed 2023
Previous assessed
$553,073
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$204,120
Assessed improvement
$348,953
Land market value
$204,120
Improvement market value
$348,953
Total market value
$553,073
Applied tax rate
63.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,993 SF
Lot
1.89 ac (82,328 SF)
Zoning code
OFC-2
APN
08-12-31-0650-000B0-0114
UPID
US18-8242434
Jurisdiction
FLAGLER
Zoning & alternative use
OFC-2 · Palm Coast, FL
Zoning OFC-2 · permitted uses
OFC-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.
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Atoz LLC
Entity
Mailing address
100 ARRICOLA AVE, ST AUGUSTINE, FL 32080-4515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Atoz LLC
—
Deed
related
$1,480,000 · Barwick Banking Co
May 18, 2020
—
Roy H Hinman II
—
Deed
related
—
—
—
Roy H Hinman II
—
Deed Of Trust
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.
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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