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Property profile & analytics
OFF-MARKET
Office buildings
23 Florida Park Dr Palm Coast, FL 32137-3806
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5273963
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
CONCRETE BLOCKS
Total area
1,650 SF
Lot
0.23 ac (10,019 SF)
Zoning code
OFC-1
APN
07-11-31-7002-00030-0020
UPID
US18-5273963
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
-
Vasilaros & Wagner the Lawyer Dude Law Firm
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
Pine Lakes Plumbing LLC · 1 yrs held
Pine Lakes Plumbing LLC
since 2024
Last sale
$450,000
4 recorded transactions
Zoning & alternative use
OFC-1 · 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
$2,900
Tax year 2023
Assessed value
$156,550
Assessed 2023
Previous assessed
$156,550
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$65,098
Assessed improvement
$91,452
Land market value
$65,098
Improvement market value
$91,452
Total market value
$156,550
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
1,650 SF
Lot
0.23 ac (10,019 SF)
Zoning code
OFC-1
APN
07-11-31-7002-00030-0020
UPID
US18-5273963
Jurisdiction
FLAGLER
Zoning & alternative use
OFC-1 · Palm Coast, FL
Zoning OFC-1 · permitted uses
OFC-1 · 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
1979
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pine Lakes Plumbing LLC
Entity
Mailing address
721 BEVILLE RD, SOUTH DAYTONA, FL 32119-1823
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$450,000
Pine Lakes Plumbing LLC
Vasilaros Legal LLC
Warranty Deed
$411,900 · Wells Fargo Bank NA
May 2, 2024
—
Vasilaros Legal LLC
—
Deed
related
$1,100,000 · Surety Bank
Jan 2, 2018
—
Vasilaros Legal LLC
—
Deed
related
$170,000 · Surety Bank
Oct 31, 2017
$243,000
Vasilaros Legal LLC
Aqua Investment Co Of Palm Coast
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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