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Property profile & analytics
OFF-MARKET
Estimated value
$9,405,000
Warehouses
22 Commerce Blvd Palm Coast, FL 32164-3126
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6136414
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
70,956 SF
Lot
4.31 ac (187,744 SF)
Zoning code
IND-1
APN
07-11-31-5112-00000-0080
UPID
US18-6136414
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
-
18 Commerce Parkway Shopping Center & Mall
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.87M
Comparable Approach
Comparable
$12.69M
Blend (final)
Blend
$9.41M
Owner & transaction history
Ess Storage Acquisiton Sixty Four L · 4 yrs held
Ess Storage Acquisiton Sixty Four L
since 2022
7 recorded transactions
Zoning & alternative use
IND-1 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the IND-1 district is to provide areas for restricted industrial and warehouse uses of low to moderate intensities with minimal potential for off-site impacts. This district utilizes performance standards to ensure that impacts are controlled.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
384.91 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,695,000
6.5%
$9,870,000
7%
$9,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,220,000
Current use
RETAIL STORES
$12,345,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$9.41M
Range $8.46M – $10.35M · ±10%
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
$133 / 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
$103,096
Tax year 2023
Assessed value
$5,564,493
Assessed 2023
Previous assessed
$5,564,493
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$349,881
Assessed improvement
$5,214,612
Land market value
$349,881
Improvement market value
$5,214,612
Total market value
$5,564,493
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
70,956 SF
Lot
4.31 ac (187,744 SF)
Zoning code
IND-1
APN
07-11-31-5112-00000-0080
UPID
US18-6136414
Jurisdiction
FLAGLER
Zoning & alternative use
IND-1 · Palm Coast, FLZoning IND-1 · permitted uses
IND-1 · Palm Coast, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the IND-1 district is to provide areas for restricted industrial and warehouse uses of low to moderate intensities with minimal potential for off-site impacts. This district utilizes performance standards to ensure that impacts are controlled.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
384.91 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.2M
RETAIL STORES
Est. value
$12.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2021
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
4.31 ac
Current owner
From public records · entity-resolved
Ess Storage Acquisiton Sixty Four L
Individual
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2022
—
Ess Storage Acquisiton Sixty Four L
Pccs Property Holdings LLC
Correction Deed
related
—
Sep 3, 2021
$13,600,000
Ess Storage Acquisiton Sixty Four L
Pccs Property Holdings LLC
Special Warranty Deed
—
Jun 15, 2020
—
Pccs Property Holdings LLC
Palm Coast Commerce Storage LP
Special Warranty Deed
$3,934,815 · Renasant Bank
Nov 26, 2019
$399,000
Palm Coast Commerce Storage LP
Commerce Blvd Holdings LLC
Grant Deed
—
Feb 11, 2016
—
Commerce Blvd Holdings LLC
Palm Coast Data LLC
Quit Claim Deed
related
$84,000 · Pension Benefit Gnty
Oct 3, 2008
$320,000
Palm Coast Data LLC
Golod,yevgeny
Warranty Deed
—
Jul 29, 2008
—
Yevgeny Golod
Canterbury Estates INC
Quit Claim Deed
related
—
Jul 24, 2007
$100
Yevgeny Golod
Sheriff Of Flagler County
Trustees Deed
related
—
Sep 19, 2003
$200,000
Estates LP Canterbury
Florida Landmark Communities
Grant Deed
$120,000 · Florida Landmark Communities
—
—
Palm Coast Data LLC
—
Deed Of Trust
related
$84,000 · Pension Benefit Gnty Corp
—
—
Palm Coast Data LLC
—
Deed Of Trust
related
$90,500 · Pension Benefit Gnty Corp
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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