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Pavilion 7 7 Florida Park Dr 5,773 SF 100% Leased Office Building Palm Coast, FL 32137 $1,350,000 ($233.85/SF) 7.06% Cap Rate
Investment Highlights
- Fully Leased Office Investment delivering a strong 7.06% cap rate with stable in-place income.
- Located on nearly 0.50 acres in the Palm Coast Business District, minutes from I-95.
- High visibility and excellent curb appeal with ample on-site parking.
- Two-story, 5,773 SF building featuring eight newly renovated office suites.
- Diverse tenant mix providing reliable cash flow and reduced occupancy risk.
- Strong growth corridor with increasing commercial demand in Palm Coast.
Executive Summary
Income-Producing Office Investment in Palm Coast Business District Outstanding investment opportunity in the heart of Palm Coast, FL featuring a fully leased, two-story office building with eight newly renovated suites totaling 5,773 SF on nearly ½ acre, just minutes from I-95. The property offers a diversified tenant mix, strong in-place cash flow, and excellent curb appeal with ample on-site parking. Zoned for office, light service, or limited retail, the asset provides long-term flexibility, strong visibility within the business district, and future potential for single-user occupancy or value-add repositioning.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
5,773 SF
Building Class
B
Year Built/Renovated
1989/1995
Price
$1,350,000
Price Per SF
$233.85
Cap Rate
7.06%
NOI
$95,310
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,773 SF
Slab To Slab
8’
Building FAR
0.28
Lot Size
0.47 AC
Zoning
OFC-1 - intended to provide areas for office support to larger institutional uses, such as medical offices near hospitals
Parking
25 Spaces (4.33 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 07-11-31-7002-00030-0100 | Improvements Assessment | $349,000 |
| Land Assessment | $0 | Total Assessment | $349,000 |
Property Taxes
Parcel Number
07-11-31-7002-00030-0100
Land Assessment
$0
Improvements Assessment
$349,000
Total Assessment
$349,000
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Pavilion 7 | 7 Florida Park Dr
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