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Property profile & analytics
OFF-MARKET
Estimated value
$2,665,000
Drive through restaurants
5055 State Hwy 100th E Palm Coast, FL 32164-2304
Entity Owned
~
Est. High Equity
Property ID
US18-8459767
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2021
Construction
STEEL FRAME
Total area
4,539 SF
Lot
1.16 ac (50,617 SF)
Zoning code
COM-2
APN
07-12-31-5580-00000-0020
UPID
US18-8459767
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.67M
Owner & transaction history
Merch Foods Six LLC
Merch Foods Six LLC
since 2025
6 recorded transactions
Zoning & alternative use
COM-2 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the COM-2 district is to provide areas for general commercial and office uses to meet the community-wide demand for retail, services, business, and employment opportunities.
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,368.24 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.4M
+56.4%
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
$3,130,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,395,000
Change: +56% · Conversion: Easy
Blend value · Realmo final
$2.67M
Range $2.40M – $2.93M · ±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
$587 / 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
$33,135
Tax year 2023
Assessed value
$1,976,077
Assessed 2023
Previous assessed
$1,976,077
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$746,601
Assessed improvement
$1,229,476
Land market value
$746,601
Improvement market value
$1,229,476
Total market value
$1,976,077
Applied tax rate
63.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,539 SF
Lot
1.16 ac (50,617 SF)
Zoning code
COM-2
APN
07-12-31-5580-00000-0020
UPID
US18-8459767
Jurisdiction
FLAGLER
Zoning & alternative use
COM-2 · Palm Coast, FLZoning 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
Zoning description
The purpose of the COM-2 district is to provide areas for general commercial and office uses to meet the community-wide demand for retail, services, business, and employment opportunities.
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,368.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
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
2021
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Merch Foods Six LLC
Entity
Mailing address
PO BOX 50910, JACKSONVILLE BEACH, FL 32240-0910
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Merch Foods Six LLC
Manila Partners Properties LLC
Deed
$1,000,000 · Bank Five Nine
Dec 24, 2024
—
Manila Partners Properties LLC
—
Deed
related
$1,068,825 · Regions Bank
Jul 12, 2022
$2,100,000
Boing Us Holdeo INC
Rbssss LLC
Special Warranty Deed
—
Sep 30, 2020
—
Manila Partners Properties LLC
—
Deed
related
$1,475,350 · Investors Community Bank
Jul 31, 2020
$2,650,000
Rbssss LLC
Gate Petroleum Company
Special Warranty Deed
$2,250,000 · Vast Bank NA
—
—
Manila Partners Properties LLC
—
Deed Of Trust
related
$968,680 · Investors Cmnty Bk
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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