14 Commerce BlvdPalm Coast, FL 32164

Property Details for 14 Commerce Blvd

Year built

1985

Construction

CONCRETE

Lot size

6.00 AC

Property size (Sq ft)

6,101 SF

Zone code

IND-1

Property type

Office properties

Property subtype

Office buildings

APN

07-11-31-5112-00000-0100

APU

711315112000000100

Description

This exceptional 42,000-square-foot industrial warehouse, situated on a 6-acre lot in Palm Coast, Florida, presents a compelling investment opportunity. Built in 1985 and extensively renovated in 2017, the single-story building boasts a 20-foot ceiling height, ideal for various industrial uses. The property features five loading docks equipped with eighteen 18-foot-high dock doors, ensuring efficient loading and unloading operations. In addition to the warehouse space, there is approximately 6,000 square feet of modern, finished office space, complete with air conditioning throughout, a modern conference room, employee kitchen areas, executive bathrooms, and EV charging stations. The property also includes a building generator and three walk-in refrigerators. Ample employee parking is available. Conveniently located in the heart of Palm Coast, with easy access to US1 and I-95, this property is zoned IND and represents a rare opportunity to acquire a well-maintained, fully functional warehouse in a prime location. The asking price is $4,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,092,486

  6.5%

  $1,008,449

  7%

  $936,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,929

  Geo Method

  $414,929

• Alternative Use

  Use

  Valuation

  Residential

  $1,250,477

  Hospitality

  $1,145,430

  Educational

  $952,984

  Medical

  $985,759

  Retail

  $1,482,420

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Latitude

29.5496

Longitude

-81.2588

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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