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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Medical Office Space
8 Ofc Park Dr Palm Coast, FL 32137-3808
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4245150
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,134 SF
Lot
0.3 ac (12,894 SF)
Zoning code
OFC-2
APN
07-11-31-7003-000A0-0040
UPID
US18-4245150
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
$1.60M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Legacy Pathfinder Holdings LLC · 2 yrs held
Legacy Pathfinder Holdings LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
OFC-2 · Palm Coast, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+322.5%
Office building
$875,000
+254.6%
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
$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
Change: +322% · Conversion: Easy
OFFICE BUILDING
$875,000
Change: +255% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.20M (Nov 15 2023)
Last sale anchor
$1.20M
Nov 15 2023
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
$314 / 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
$7,263
Tax year 2023
Assessed value
$392,000
Assessed 2023
Previous assessed
$392,000
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed improvement
$392,000
Improvement market value
$392,000
Total market value
$392,000
Applied tax rate
61.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,134 SF
Lot
0.3 ac (12,894 SF)
Zoning code
OFC-2
APN
07-11-31-7003-000A0-0040
UPID
US18-4245150
Jurisdiction
FLAGLER
Zoning & alternative use
OFC-2 · Palm Coast, FL
Zoning OFC-2 · permitted uses
OFC-2 · Palm Coast, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palm Coast. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Legacy Pathfinder Holdings LLC
Entity
Mailing address
8 OFC PARK DR, PALM COAST, FL 32137-3808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
$1,195,000
Legacy Pathfinder Holdings LLC
Mark Scott Cheiken
Warranty Deed
—
Dec 30, 2020
—
Cheiken Family Trust
Mark S Cheiken
Quit Claim Deed
related
—
Jul 13, 2004
$725,000
Mark S Cheiken
Fruchan F R
Warranty Deed
$675,000 · R F & Seeta Fruehan
—
—
Mark S Cheiken
—
Deed Of Trust
related
$500,000 · Wells Fargo Bk
—
—
Mark S Cheiken
—
Deed Of Trust
related
$62,780 · Intracoastal Bank
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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