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    20 Secretariat Ln Flagler Beach, FL 32136
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    20 Secretariat Ln Flagler Beach, FL 32136

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-5625026
    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

    • Residential land & home lots

    Property Details for 20 Secretariat Ln

    Property type
    Residential land & home lots

    Description

    Located in Flagler County Florida. This 5 Acre Lot is one of 34 Estate lots in this Private Gated Equestrian Community of Flagler Beach Polo Club West. This Parcel is situated amongst beautiful oak trees and amazing wildlife. Just minutes to the Beach, Shopping, Schools and Interstate 95. If you are looking for a Quiet, Private Equestrian Community to live, this Lot may just be the right one for you. Over 100k in improvements have been done to this property. Choose your own Builder and build the home of your dreams. Minutes from the beach, schools and shopping.

    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
    Flagler Beach
    County
    Flagler
    State
    Florida
    Longitude
    -81.1538685
    Latitude
    29.4418875

    Comparable in this City

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      Waterfront Lot in Gated Community

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      Residential Land in Gated Community

      Homesite in Fairchild Oaks community, close to the beach.
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    • $210,000
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      Beachside Land in Flagler Beach

      Vacant lot near beach, restaurants, and shops.
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    • $215,000
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      Waterfront Homesite in Gated Community

      Build your dream home in a premier waterfront community.
      217 Stillwater Dr, Flagler Beach, FL 32136
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    • Contact for pricing

      Beachside Residential Lot in Flagler

      Residential lot near the beach, close to town amenities.
      1915 S Palmetto Ave, Flagler Beach, FL 32136
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    • $304,999
      0.13 Acres

      Flagler Beach Coastal Homesite

      Vacant residential lot, one block from the ocean in Flagler Beach.
      N Central Ave, Flagler Beach, FL 32136
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    Similar Nearby for Sale

    • Contact for pricing

      Beachside Residential Lot in Flagler

      Residential lot near the beach, close to town amenities.
      1915 S Palmetto Ave, Flagler Beach, FL 32136
      View Details
    • $304,999
      0.13 Acres

      Flagler Beach Coastal Homesite

      Vacant residential lot, one block from the ocean in Flagler Beach.
      N Central Ave, Flagler Beach, FL 32136
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    • $325,000
      0.26 Acres

      Flagler Beach Land with Water Views

      Cleared, build-ready lot in gated community with amenities and water views.
      200 Stillwater Dr, Flagler Beach, FL 32136
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    • $198,000
      0.18 Acres

      Veranda Bay Homesite in Flagler

      Cleared homesite in gated community with resort-style amenities.
      89 Coronado Rd, Flagler Beach, FL 32136
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    • $250,000
      0.26 Acres

      Homesite in Gated Veranda Bay

      Cleared, build-ready homesite with lake views in Veranda Bay.
      192 Stillwater Dr, Flagler Beach, FL 32136
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    • $498,500
      0.13 Acres

      Flagler Beach Ocean View Lot

      Flagler Beach lot with deeded beach access and ocean views.
      21xx N Ocean Shr Blvd, Flagler Beach, FL 32136
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    Similar Nearby for Lease

    • $2,500 /Mo
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      Furnished Office Space For Rent

      Furnished office space available for rent in Flagler Beach.
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      1,200 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Flagler Beach, close to historic beaches.
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    • $2,000 /Mo
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      Retail Space Near Compass Hotel

      Retail space near Compass Hotel, two blocks from the pier.
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      Prime Retail Space Near Pier

      Storefront in growing Flagler Beach, near new hotel and pier.
      212 S Daytona Ave, Flagler Beach, FL 32136
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    • $2,250 /Mo
      4,312 SF

      Renovated Mixed-Use Space Near Pier

      Newly renovated mixed-use space near Flagler pier and Margaritaville Hotel.
      209 S 2Nd St, Flagler Beach, FL 32136
      View Details
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    20 Secretariat Ln
    Flagler Beach, FL 32136
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    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
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