400 Old Kings Rd Palm Coast, FL 32137-4607
Property profile & analytics
400 Old Kings Rd, Palm Coast, FL 32137-4607
- Hotels
- 56,077 SF
- 5.50 lot acres
Property ID
US18-5533489
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.
Location Intelligence
Current Use by Public Records
- 400 Old Kings Rd Parking / Parking Lot & Garage
- Fairfield Inn & Suites Palm Coast I-95 / Hotel & Motel
Property Details for 400 Old Kings Rd
- Year built
- 2008
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.50 lot acres
- Zone code
- COM-2
- Property type
- Hotels
- APN
- 18-11-31-3391-00000-0100
- APU
- 1811313391000000100
Description
This exceptional investment opportunity presents the fee simple interest in a 108-key Fairfield Inn & Suites located in Palm Coast, Florida. The four-story, 56,077 square foot hotel, built in 2008, enjoys a prime location directly off I-95, offering convenient access to major transportation routes. Boasting a current NOI of $531,973 and a pro-forma NOI of $1,059,755, this property presents significant upside potential. The hotel's 64.3% occupancy rate (as of May 31, 2024) demonstrates strong performance, further enhanced by a trailing 3-month RevPAR increase of 9.5% year-over-year and a remarkable 22.7% increase in May 2024 alone. Situated on a 3.5-acre lot, the property benefits from its proximity to key attractions including the new $168 million AdventHealth Palm Coast Parkway Hospital (opened August 2023), European Village, Hammock Dunes Golf Club, James F. Holland Memorial Park, and Indian Trails Sports Complex. The property's affiliation with the Marriott brand provides access to a robust reservation system and a loyal customer base. A 15-year license is expected for the new owner. This is a rare chance to acquire a limited-service hotel with substantial growth potential through effective management and leveraging the established Marriott brand.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,170,000
Market price range: $1.36M - $10.0M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palm Coast
- County
- Flagler
- State
- Florida
- Longitude
- -81.2148
- Latitude
- 29.55
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$65,216
$0.00
$3,520,000
$3,520,000
-
$0.00
$3,520,000
$3,520,000
