1475 Palm Coast PkwyPalm Coast, FL 32137

Property Details for 1475 Palm Coast Pkwy

Year built

2002

Construction

CONCRETE

Lot size

1.72 AC

Property size (Sq ft)

13,600 SF

Zone code

COM-2

Property type

Retail properties

Property subtype

Strip malls

APN

07-11-31-7025-000C1-0010

APU

0711317025000C10010

Description

This exceptional 13,600 square foot Class A shopping center in Palm Coast, Florida, offers a compelling investment opportunity. Located at 1475 Palm Coast Pkwy NW, this single-story, 10-tenant property boasts a strong NOI of $388,434 and a 5.75% cap rate. Built in 2002 on a 1.72-acre lot, the center features a diverse mix of national and regional tenants, including AT&T, Firehouse Subs, Hair Cuttery, and Pizza Hut, all operating under NNN leases. The property benefits from its strategic outparcel location to a Publix supermarket, ensuring high foot traffic and visibility. Recent capital improvements include a new roof, resealed parking lot, and refreshed exterior paint. With 100% occupancy and rent bumps in place, this investment presents a stable and durable income stream. The property features 68 parking spaces per 1,000 square feet and is zoned COM-2. The asking price is $6,755,374, representing a price per square foot of $496.72. This is a 1031 exchange eligible property. The property's strong tenant mix, prime location, and recent improvements make it an attractive acquisition for discerning investors seeking a stable, high-performing retail asset. The property's financial strength is further supported by the credit-rated tenants and long-term lease agreements. This is a fee-simple ownership opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,579,888

  6.5%

  $3,304,512

  7%

  $3,068,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,330,839

  Geo Method

  $2,330,839

• Alternative Use

  Use

  Valuation

  Residential

  $2,787,480

  Hospitality

  $2,553,316

  Educational

  $2,124,329

  Medical

  $2,197,388

  Retail

  $3,304,512

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Latitude

29.5528

Longitude

-81.2356

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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