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Hammock Beach Discovery Center 1 Hammock Beach Pky 26,075 SF 80% Leased Office Building Palm Coast, FL 32137 $6,481,018 CAD ($248.55 CAD/SF) 7% Cap Rate
Investment Highlights
- Fully Leased
- Priced under $200 sf
- 7 Cap Rate
- Newer Roof and AC units
Executive Summary
Fully leased Iconic office building with strong operating history located in the highly coveted Hammock area of Palm Coast. Originally constructed as the sales center for Hammock Beach and Ocean Hammock, the facility is first class. Impressive 5K+ sf lobby has not been allocated among seven tenant's leases as a core factor, so there is an immediate opportunity for additional income over current NOI. Operating numbers for 2025 are actual, and pricing reflects a 7 cap rate. At under $200/sf, this building could not be replicated. The roof was replaced in 2023/24 and all HVAC units are updated as well. There is not a better city in Florida for commercial real estate investment! Palm Coast has experienced substantial growth in recent years. As of 2025, the city's population is estimated at 116,000. The local economy is diverse, with key employment sectors including healthcare, retail trade, hospitality and food services. The city's proximity to Jacksonville, Orlando, and the Space Coast provides businesses with access to a highly educated and skilled workforce. Palm Coast is just 60 miles south of Jacksonville and 80 miles northeast of Orlando enabling it to draw significant business from these larger markets. Don't miss the premier investment opportunity in fast growing, desirable Palm Coast. Call to make an appointment and see this upscale, profitable facility for yourself!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
26,075 SF
Building Class
B
Year Built
2003
Price
$6,481,018 CAD
Price Per SF
$248.55 CAD
Cap Rate
7%
NOI
$453,671 CAD
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,429 SF
Building FAR
0.27
Lot Size
2.20 AC
Zoning
PUD - PUD
Parking
84 Spaces (3.2 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Currently occupied by Coldwell Banker Real Estate office.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 5,314 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 5,314 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 5,314 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Currently occupied by Coldwell Banker Real Estate office.
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-11-31-3503-00000-00C0 | Improvements Assessment | $3,057,162 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,057,162 CAD |
Property Taxes
Parcel Number
04-11-31-3503-00000-00C0
Land Assessment
$0 CAD
Improvements Assessment
$3,057,162 CAD
Total Assessment
$3,057,162 CAD
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Hammock Beach Discovery Center | 1 Hammock Beach Pky
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