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    Property profile & analytics

    44 Northshore Dr Palm Coast, FL 32137

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2143638
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 44 Northshore Dr

    Property type
    Commercial real estate

    Description

    This exceptional 14,810.4 square foot commercial land parcel presents a rare development opportunity in the prestigious Northshore Estates of Palm Coast, Florida. Located at 44 Northshore Drive, zip code 32137, this .34-acre lot boasts 115 feet of direct ocean frontage, offering magnificent, unobstructed views of the Atlantic Ocean and the renowned Jack Nicklaus Signature Ocean Golf Course. The property's prime location provides easy access to a private Atlantic Ocean beach and the world-class Hammock Beach Resort, a Troon Privé Club, complete with a wide array of amenities. The existing homes in Northshore Estates serve as inspiration for potential development, showcasing the high caliber of the neighborhood. This is an unparalleled chance to create a truly exceptional commercial venture in a highly desirable coastal setting. The asking price for this unique property is $889,000. The property is situated in Flagler County and offers a remarkable opportunity for discerning investors seeking a prime location with exceptional views and convenient access to resort amenities. This is a truly exceptional opportunity to build a landmark commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.191751
    Latitude
    29.609637

    Comparable in this City

    • $2,500,000

      Palm Coast Commercial Land

      Prime 52-acre commercial lot
      0 Xx Old Kings Rd, Palm Coast, FL 32137
      View Details
    • $425,000

      Palm Coast Development Site

      Prime Commercial Land, Ready to Build
      0 Xxx Teunis Ct, Palm Coast, FL 32137
      View Details
    • $7,500,000
      44.59 Acres

      Palm Coast Commercial Land - $7.5M

      44.59 Acres, Prime Commercial Location
      0 State Rte 100, Palm Coast, FL 32137
      View Details
    • $179,000

      Prime Palm Coast Commercial Land

      4,356 SF Commercial Lot, Owner Financing
      140 Harbor Village Pt, Palm Coast, FL 32137
      View Details
    • $89,900
      0.23 Acres

      Homesite in Gated Golf Community

      Homesite in Palm Coast's luxurious gated golf community.
      680 Mahogany Run, Palm Coast, FL 32137
      View Details
    • $175,000
      0.36 Acres

      Waterfront Lot with Ocean Access

      Premier waterfront lot for custom luxury home with ocean access.
      20 Cleveland Ct, Palm Coast, FL 32137
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Palm Coast Commercial Land

      Prime 52-acre commercial lot
      0 Xx Old Kings Rd, Palm Coast, FL 32137
      View Details
    • $425,000

      Palm Coast Development Site

      Prime Commercial Land, Ready to Build
      0 Xxx Teunis Ct, Palm Coast, FL 32137
      View Details
    • $7,500,000
      44.59 Acres

      Palm Coast Commercial Land - $7.5M

      44.59 Acres, Prime Commercial Location
      0 State Rte 100, Palm Coast, FL 32137
      View Details
    • $179,000

      Prime Palm Coast Commercial Land

      4,356 SF Commercial Lot, Owner Financing
      140 Harbor Village Pt, Palm Coast, FL 32137
      View Details
    • $89,900
      0.23 Acres

      Homesite in Gated Golf Community

      Homesite in Palm Coast's luxurious gated golf community.
      680 Mahogany Run, Palm Coast, FL 32137
      View Details
    • $175,000
      0.36 Acres

      Waterfront Lot with Ocean Access

      Premier waterfront lot for custom luxury home with ocean access.
      20 Cleveland Ct, Palm Coast, FL 32137
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,851 SF

      Palm Coast Parkway Commercial Land

      Two-acre commercial lot, prime location.
      540 Palm Coast Pkwy, Palm Coast, FL 32137
      View Details
    • $67,000

      Island Walk Office Space

      Office space in premier shopping area with easy highway access.
      4 Old Kings Rd N 2A, Palm Coast, FL 32137
      View Details
    • Contact for pricing
      5,250 SF

      Retail and Residential Development

      Mixed-use development with retail, restaurant, office, and residential spaces.
      890 Central Ave, Palm Coast, FL 32137
      View Details
    • $12 SF/Yr
      180,338 SF

      Palm Coast Industrial Sublease Space

      Industrial space for sublease in Palm Coast, Florida.
      25 Railside Way, Palm Coast, FL 32137
      View Details
    • $100,000

      New Industrial Construction in Palm Coast

      New industrial space for lease, available Q1 2025.
      26 Hargrove Grade 2, Palm Coast, FL 32137
      View Details
    • $16 SF/Yr
      950 SF

      Retail Space on Palm Coast

      Second-floor retail space with elevator access and tenant signage.
      1000 Palm Coast Pkwy SW, Palm Coast, FL 32137
      View Details
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    44 Northshore Dr
    Palm Coast, FL 32137
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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