Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Retail space
3 Boulder Rock Dr Palm Coast, FL 32137-8555
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4501330
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
WOOD
Total area
10,486 SF
Lot
1.84 ac (80,150 SF)
Zoning code
COM-2
APN
07-11-31-7011-000B0-0070
UPID
US18-4501330
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
-
Furniture 2 Go Furniture & Home Goods Home Decor Store
-
Mattresses 2go Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.30M
Owner & transaction history
Riadh Fakhoury · 8 yrs held
Riadh Fakhoury
since 2017
7 recorded transactions
Zoning & alternative use
COM-2 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+94.0%
Warehouse, storage
$2.0M
+7.1%
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%
$2,510,000
6.5%
$2,320,000
7%
$2,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,825,000
Current use
RESTAURANT
$3,540,000
Change: +94% · Conversion: Easy
WAREHOUSE, STORAGE
$1,955,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$219 / 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
$29,895
Tax year 2023
Assessed value
$1,645,230
Assessed 2023
Previous assessed
$1,600,479
+2.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$819,209
Assessed improvement
$826,021
Land market value
$819,209
Improvement market value
$826,021
Total market value
$1,645,230
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
10,486 SF
Lot
1.84 ac (80,150 SF)
Zoning code
COM-2
APN
07-11-31-7011-000B0-0070
UPID
US18-4501330
Jurisdiction
FLAGLER
Zoning & alternative use
COM-2 · Palm Coast, FL
Zoning COM-2 · permitted uses
COM-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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.0M
RETAIL STORES Current
RESTAURANT
WAREHOUSE, STORAGE
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
2010
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Riadh Fakhoury
Individual
Mailing address
524 CINNAMON BCH LN, PALM COAST, FL 32137-5338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2017
$1,683,000
Riadh Fakhoury
Boulder Rock Plaza LLC
Grant Deed
related
—
Aug 4, 2017
—
Boulder Rock 2016 LLC
Fakhoury,riadh
Warranty Deed
related
—
Jul 27, 2017
$2,400,000
International Rug Co INC
Boulder Rock 2016 LLC
Warranty Deed
$1,750,000 · Reunion Bk/fl
Aug 19, 2016
$1,743,000
Boulder Rock 2016 LLC
Fakhoury,riadh
Warranty Deed
—
Jun 28, 2016
$1,683,000
Riadh Fakhoury
Boulder Rock Plaza LLC
Warranty Deed
$1,743,000 · Reunion Bk/fl
Jun 12, 2009
—
Boulder Rock Plaza LLC
—
Trustees Deed
related
$1,650,000 · Pinnacle Bank
Aug 15, 2007
—
Boulder Rock Plaza LLC
—
Trustees Deed
related
$3,524,500 · Silver State Bank
Feb 24, 2004
$500,000
Boulder Rock Plaza INC
Salvagio,louis
Grant Deed
$350,000 · Boulder Rock Plaza LLC
Jan 16, 2003
$900,000
Louis Salvagio
Nath Florida Franchise Group
Grant Deed
$720,000 · Mussarat H & Rehana M Siddiqui
Jul 21, 2000
$630,100
Nath Florida Franchise Group I
3 Land Corp
Grant Deed
—
—
—
Boulder Rock Plaza LLC
—
Loan Modification
related
$11,094 · Pinnacle Bank
—
—
Boulder Rock Plaza LLC
—
Loan Modification
related
—
—
—
Boulder Rock Plaza LLC
—
Deed Of Trust
related
$720,000 · Prosperity Bank
—
—
Boulder Rock Plaza LLC
—
Deed Of Trust
related
$1,730,000 · Pinnacle Bank
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?”
You own 3 Boulder Rock Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
