4895 Belle Terre PkwyPalm Coast, FL 32137

Property Details for 4895 Belle Terre Pkwy

Year built

2014

Construction

WOOD

Lot size

0.63 AC

Property size (Sq ft)

2,359 SF

Property type

Retail properties

Property subtype

Retail space

APN

13-11-30-4971-00000-0010

APU

1311304971000000010

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,400-square-foot, Class A, single-tenant retail storefront occupied by Verizon Wireless. Located at 4895 Belle Terre Pkwy, Palm Coast, FL 32137, this property boasts a prime location on a 0.63-acre lot at the northwest quadrant of Belle Terre Pkwy and Palm Coast Pkwy SW, benefiting from access to two signalized intersections. The property, built in 2014, is part of a thriving retail area including Publix, Aldi, McDonald's, AutoZone, Kohl's, PNC Bank, Circle K, Space Coast Credit Union, and Walgreens. The current lease, a triple-net (NNN) agreement with a franchisee tenant, commenced on May 9, 2014, and expires May 31, 2029, with one five-year option remaining. The lease includes rent bumps. The property generates a strong net operating income (NOI) of $145,200, representing a 6.00% cap rate on the asking price of $2,420,000. The property features one single-story building and enjoys 100% occupancy. The estimated population within a five-mile radius exceeds 88,000, with an average income exceeding $112,000. This is a debt-free, all-cash purchase opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $620,953

  6.5%

  $573,188

  7%

  $532,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,298

  Geo Method

  $404,298

• Alternative Use

  Use

  Valuation

  Residential

  $483,505

  Hospitality

  $442,888

  Educational

  $368,478

  Medical

  $381,150

  Retail

  $573,188

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Latitude

29.5518

Longitude

-81.2374

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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