180 Pinnacles DrPalm Coast, FL 32164

  • Healthcare properties
  • 21,055 SF
For Lease

Property Details for 180 Pinnacles Dr

Year built
2009
Construction
STEEL FRAME
Lot size
2.09 AC
Property size (Sq ft)
21,055 SF
Zone code
OFC-1
Property type
Healthcare properties
Property subtype
Medical offices
APN
09-12-31-5117-00000-0010
APU
912315117000000010

Description

This two-story, Class B Palm Coast medical office building, constructed in 2009, offers 21,055 square feet of space with 10,000 square feet currently vacant. Located at 180 Pinnacles Dr, Palm Coast, FL 32164, the property sits on a 90,695 square foot lot and boasts 111 parking spaces (a 5/1,000 ratio), providing ample convenience for patients and staff. The building features elevators and is zoned OFC-1. Multiple suites are available, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 4,814 square feet. Suites are delivered in grey shell condition, with tenant improvement support available. The building enjoys a strategic location adjacent to AdventHealth Palm Coast Hospital and its new medical office building, ensuring high visibility and accessibility. Current co-tenants include Pinnacles Peds Care, Dentique Dental, and Chiropractic Injury Solutions, creating a thriving medical community. The area is further enhanced by the presence of other medical providers such as Davita, Cancer Specialists of North Florida, and Cora Physical Therapy. The building benefits from excellent road frontage on E Moody Blvd (35,500 AADT) and proximity to Interstate 4 (93,500 AADT) and Seminole Woods Blvd. The surrounding area is experiencing significant growth, with numerous multifamily and mixed-use projects underway. This presents a unique opportunity for medical professionals seeking a well-located, established space within a rapidly expanding market. Specific suite sizes include approximately 2,303 square feet (Suite 104) and options ranging from 1,605 to 4,814 square feet (Suite 202) and 1,500 to 3,392 square feet (Suite 203).

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,770,418
    6.5%
    $3,480,386
    7%
    $3,231,787
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,431,950
    Geo Method
    $1,431,950
  • Alternative Use

    Use
    Valuation
    Residential
    $4,315,678
    Hospitality
    $3,953,138
    Educational
    $3,288,964
    Medical
    $3,402,077
    Retail
    $5,116,167
180 Pinnacles Dr, Palm Coast, Florida

Location Insight

City
Palm Coast
County
Flagler
State
Florida
Latitude
29.4751
Longitude
-81.1906
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
$17,045
-
$920,000
$920,000
-
-
$920,000
$920,000

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