Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8 Ofc Park Dr Palm Coast, FL 32137-3808

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8 Ofc Park Dr Palm Coast, FL 32137-3808

    View on Map
    • Medical Office Space
    • 4,134 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Nov 15, 2023
    $1,195,000
    Property ID
    US18-4245150
    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.
    Value Estimations
    $1,300,000
    Show details
    Cap Rate Potential
    3.6%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 8 Ofc Park Dr

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    4,134 SF
    Zone code
    OFC-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    07-11-31-7003-000A0-0040
    APU
    0711317003000A00040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,625,000
      ML approach
      $1,600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $825,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      OFFICE BUILDING
      $875,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.2042
    Latitude
    29.5586
    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
    $7,263
    $0.00
    $392,000
    $392,000
    -
    $0.00
    $392,000
    $392,000

    Comparable in this City

    • Value Estimation
      $640,000
      11,903 SF

      315 Palm Coast NE Pkwy

      MEDICAL BUILDING • 11,903 SF
      315 Palm Coast NE Pkwy, Palm Coast, FL 32137-3888
      View Details
    • Value Estimation by Request
      11,859 SF

      33 Old Kings N Rd

      MEDICAL BUILDING • 11,859 SF
      33 Old Kings N Rd, Palm Coast, FL 32137-8238
      View Details
    • Value Estimation by Request
      6,447 SF

      264 Palm Coast NE Pkwy

      MEDICAL BUILDING • 6,447 SF
      264 Palm Coast NE Pkwy, Palm Coast, FL 32137-8217
      View Details
    • Value Estimation
      $505,000
      2,133 SF

      11 Florida Park Dr

      MEDICAL BUILDING • 2,133 SF
      11 Florida Park Dr, Palm Coast, FL 32137-3866
      View Details
    • Value Estimation
      $635,000
      6,090 SF

      26 Ofc Park Dr

      MEDICAL BUILDING • 6,090 SF
      26 Ofc Park Dr, Palm Coast, FL 32137-3808
      View Details
    • Value Estimation by Request
      3,688 SF

      6 Ofc Park Dr

      MEDICAL BUILDING • 3,688 SF
      6 Ofc Park Dr, Palm Coast, FL 32137-3808
      View Details

    Similar Nearby for Sale

    • $369,900
      1,125 SF

      Established Spa Business Investment

      Profitable spa business in European Village with flexible usage options.
      101 Palm Harbor Pkwy, Palm Coast, FL 32137
      View Details
    • $340,000
      Pending

      Updated Office Condo For Sale

      Office condo in Palm Coast, suitable for various uses.
      55 Plaza Dr, Palm Coast, FL 32137
      View Details
    • Contact for pricing

      Westpointe Plaza Office Condo

      2,062 SF office condo in Palm Coast for sale.
      4881 Palm Coast Pkwy NW STE 2 & 3, Palm Coast, FL 32137
      View Details
    • $330,000
      Pending

      Westpointe Plaza Office Condo

      Office condo in Palm Coast, ideal for investors or owner-operators.
      4873 Palm Coast Pkwy NW 3, Palm Coast, FL 32137
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,031 SF

      Professionally Designed Office Suite

      Well-maintained office suite in a highly desirable location.
      4875 Palm Coast Pkwy NW, Palm Coast, FL 32137
      View Details
    • $30,000

      Professionally Designed Office Suite

      Well-maintained office suite in a desirable location.
      4875 Palm Coast Pkwy NW 4, Palm Coast, FL 32137
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Professional office space with furnishings and equipment included.
      4879 Palm Coast Pkwy NW, Palm Coast, FL 32137
      View Details
    • Sponsored
      Contact for pricing

      FL, Palm Coast - Palm Coast Parkway

      Flexible workspace in FL, Palm Coast - Palm Coast Parkway
      4869 Palm Coast Pkwy, Palm Coast, FL 32137
      View Details
    • $12 SF/Yr

      Palm Coast Parkway Office Space

      Office space with frontage on Palm Coast Parkway.
      381 Palm Coast Pkwy SW 4, Palm Coast, FL 32137
      View Details
    • $1,800 /Mo
      1,031 SF

      Palm Coast Office Space Available

      Office space with reception area and five offices for rent.
      381 Palm Coast Pkwy SW, 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.
    8 Ofc Park Dr
    Palm Coast, FL 32137-3808
    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

    Thank You for Inquiry
    8 Ofc Park Dr, Palm Coast, FL, 32137
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!