Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Kings Way Palm Coast, FL 32137-8228

    • Turn key restaurants
    • 5,820 SF
    • 1.05 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2025
    $1,661,000
    Value Estimations
    $1,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3615919
    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

    • The Burger Den / Delivery Restaurant
    • Denny's / Diner / American Restaurant

    Property Details for 7 Kings Way

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.05 lot acres
    Property size
    5,820 SF
    Zone code
    COM-2
    Property type
    Turn key restaurants
    APN
    18-11-31-4961-00000-0020
    APU
    1811314961000000020

    Description

    This ±1.05-acre property, located at 7 Kings Way, Palm Coast, FL 32137, presents a compelling repositioning opportunity. The existing 5,800 square foot Denny's building, built in 1988 and renovated in 2015 ($400,000 investment), sits on a highly visible site in Palm Coast's premier retail corridor. The current NNN lease expires January 2025, offering significant flexibility for redevelopment or reletting. The property boasts 61 parking spaces (10.5 per 1,000 sq ft) and benefits from its proximity to I-95 and Palm Coast Parkway, experiencing approximately 44,000 vehicles per day. The location is strategically outparceled to a major shopping center anchored by national brands, ensuring high foot traffic. Palm Coast's rapid growth (fifth fastest-growing city in Florida, 18th fastest in the US) and a population exceeding 93,200 within a 5-mile radius, projected to increase by over 22% in five years, makes this a strong investment. The asking price is $1,711,000 ($295/sq ft land value). This presents a chance to capitalize on a thriving market and a prime location with significant upside potential. The property features a single-story building with a 100% occupancy rate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,440,000
      ML approach
      $1,575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,112,000
      Market price range: $882k - $2.49M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,965,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2144
    Latitude
    29.5551
    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
    $15,145
    $545,692
    $360,842
    $906,534
    -
    $545,692
    $360,842
    $906,534

    Comparable in this City

    • Value Estimation
      $180,000
      1,422 SF

      5115 Ocean Shr Blvd

      RESTAURANT • 1,422 SF
      5115 Ocean Shr Blvd, Palm Coast, FL 32137-3308
      View Details
    • Value Estimation
      $1,890,000
      5,531 SF

      60 Gdn S St

      RESTAURANT • 5,531 SF
      60 Gdn S St, Palm Coast, FL 32137-8554
      View Details
    • Value Estimation
      $405,000
      5,438 SF

      100 Gdn S St

      RESTAURANT • 5,438 SF
      100 Gdn S St, Palm Coast, FL 32137-8542
      View Details
    • Value Estimation
      $445,000
      7,440 SF

      10 Palm Hbr Vlg Way

      RESTAURANT • 7,440 SF
      10 Palm Hbr Vlg Way, Palm Coast, FL 32137-8235
      View Details
    • Value Estimation
      $385,000
      9,629 SF

      45 Plz Dr

      RESTAURANT • 9,629 SF
      45 Plz Dr, Palm Coast, FL 32137-8545
      View Details
    • Value Estimation
      $220,000
      2,619 SF

      5384 Ocean Shr Blvd

      RESTAURANT • 2,619 SF
      5384 Ocean Shr Blvd, Palm Coast, FL 32137-3214
      View Details

    Similar Nearby for Sale

    • $995,000
      2,000 SF

      A1A Frontage Restaurant Opportunity

      Restaurant-approved property with A1A frontage and ample parking.
      5062 N Ocean Shr Blvd, Palm Coast, FL 32137
      View Details
    • Contact for pricing

      Free-Standing Retail Property in Florida

      Free-standing retail property available for sale in Palm Coast, Florida.
      1 Florida Park Dr, Palm Coast, FL 32137
      View Details
    • Contact for pricing

      Parking Space in European Village

      Private parking space in gated garage beneath European Village.
      101 Palm Harbor Pkwy, Palm Coast, FL 32137
      View Details
    • $339,000
      1,250 SF

      European Village Mixed-Use Opportunity

      Own a commercial space in a vibrant mixed-use community.
      101 Palm Harbor Pkwy, Palm Coast, FL 32137
      View Details
    • $2,500,000

      Palm Coast Commercial Land

      Prime 52-acre commercial lot
      0 Xx Old Kings Rd, 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

    Similar Nearby for Lease

    • 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
    • $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
    • $25 SF/Yr
      6,724 SF

      Palm Coast Office/Retail Space

      Office and retail space available for lease in Palm Coast.
      515 Palm Coast Pkwy SW, Palm Coast, FL 32137
      View Details
    • $14,400 /Mo

      Retail Space For Rent

      Retail space available for lease in Palm Coast, Florida.
      1 Armand Beach Dr, Palm Coast, FL 32137
      View Details
    • $30,480

      Office/Retail Space For Rent

      Office and retail space available for lease.
      2 Armand Bch Dr. Dr, Palm Coast, FL 32137
      View Details
    • Contact for pricing
      4,348 SF

      Palm Coast Retail Space For Sale

      Prime Bank Location, 4,348 SF
      1300 Palm Coast Pkwy, Palm Coast, FL 32137
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 Kings Way
    Palm Coast, FL 32137-8228
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.