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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Commercial land
2298 Colbert Ln Palm Coast, FL 32137-4514
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-6530104
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.07 ac (351,573 SF)
Zoning code
MPD
APN
48-11-31-0000-01010-0110
UPID
US18-6530104
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
-
Hogan Insurance Insurance Agency
-
Keith Taylor-Grand Living Realty Real Estate Agency
-
Covenant Closing & Title Services Title Company
-
Carrie Clark Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Bragas Investments LLC · 1 yrs held
Bragas Investments LLC
since 2025
Last sale
$746,134
7 recorded transactions
Zoning & alternative use
MPD · 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
$785,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $746k (Jan 29 2025)
Last sale anchor
$746k
Jan 29 2025
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
—
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
$10,507
Tax year 2023
Assessed value
$751,217
Assessed 2023
Previous assessed
$491,287
+52.9% YoY
Effective rate
1.40%
On assessed value
Assessed land
$751,217
Land market value
$751,217
Total market value
$751,217
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
YES
Cooling
YES
Lot
8.07 ac (351,573 SF)
Zoning code
MPD
APN
48-11-31-0000-01010-0110
UPID
US18-6530104
Jurisdiction
FLAGLER
Zoning & alternative use
MPD · Palm Coast, FL
Zoning MPD · permitted uses
MPD · 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
Heating
YES
Cooling
Yes
Lot
8.07 ac
Current owner
From public records · entity-resolved
Bragas Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10 ROCKINGHAM LN, PALM COAST, FL 32164-8928
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$746,134
Bragas Investments LLC
Grand Haven Commercial LLC
Warranty Deed
—
Dec 3, 2024
$422,237
Grand Haven Commercial LLC
Joshua & Caleb Properties LLC
Special Warranty Deed
—
Mar 10, 2023
$820,000
Joshua & Caleb Properties LLC
Grand Haven Commercial LLC
Special Warranty Deed
$620,000 · Grand Haven Commercial LLC
May 8, 2019
$1,175,000
Pereira Colbert Lane LLC
Grand Haven Realty LLC
Warranty Deed
—
Oct 1, 2015
$183,000
Grand Haven Realty LLC
Grand Haven Commercial LLC
Grant Deed
—
Apr 10, 2013
$247,800
Grand Haven Commercial LLC
Branch Bkng & Trust Co
Grant Deed
—
Oct 3, 2012
—
Branch Bkng & Trust Co
Rajo LLC Coc
Trustees Deed
related
—
Sep 28, 2006
—
Rajo LLC
—
Trustees Deed
related
$1,696,500 · Colonial Bank
Jan 11, 2006
$2,477,500
Rajo LLC
Grand Haven Developers LLC
Corporation Deed
$1,610,375 · Colonial Bank NA
Dec 27, 2004
$112,000
Leslie Albano
Grand Haven Developers LLC
Warranty Deed
$109,250 · Bank Of America
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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