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26 Office Park Dr 6,090 SF 95% Leased Office Building Palm Coast, FL 32137 $1,250,000 ($205.25/SF) 7% Cap Rate
Investment Highlights
- Centrally located in the city with and office park of thriving businesses.
- A north and south entrance so that two distinct busiensess can easily operate out of the building.
- Former medical offcie currently used as an accounting office but can be easily converted back to medical.
Executive Summary
Prime location. Office building for sale with three separate entrances. Total 6090 square feet. Former medical office used as general office space. Can be converted back to medical with several exam rooms with plumbing. New roof (metal and flat portion) in 2025. Recently paved parking lot with ample parking. Excellent location in the center of Palm Coast, close to the Community Center, shopping and easy access to I95 and Palm Coast Parkway.
South entrance is a 4390 squ and includes 12 offices, customer and staff bathrooms, lobby, reception area, conference room, break room, and storage.
Northside entrance is a 1700 sq/ft and includes 5 offices, conference room, 2 bathrooms, break room, reception, and lobby area.Separate Electric meters for both. The building is in excellent condition and located in the Palm Harbor Office Park with complimentary businesses nearby. Seller will consider selling and vacating or possibly lease back of a portion of the building.
South entrance is a 4390 squ and includes 12 offices, customer and staff bathrooms, lobby, reception area, conference room, break room, and storage.
Northside entrance is a 1700 sq/ft and includes 5 offices, conference room, 2 bathrooms, break room, reception, and lobby area.Separate Electric meters for both. The building is in excellent condition and located in the Palm Harbor Office Park with complimentary businesses nearby. Seller will consider selling and vacating or possibly lease back of a portion of the building.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
6,090 SF
Building Class
B
Year Built
1995
Price
$1,250,000
Price Per SF
$205.25
Cap Rate
7%
NOI
$87,500
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,090 SF
Building FAR
0.47
Lot Size
0.30 AC
Zoning
OFC-2 - Office complex
Parking
25 Spaces (4.11 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Reception
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07-11-31-7003-000A0-011A | Improvements Assessment | $695,000 |
| Land Assessment | $0 | Total Assessment | $695,000 |
Property Taxes
Parcel Number
07-11-31-7003-000A0-011A
Land Assessment
$0
Improvements Assessment
$695,000
Total Assessment
$695,000
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26 Office Park Dr