Commercial Sale · Office
1 HAMMOCK BEACH PARKWAY, PALM COAST, FL, 32137
Active486 days on marketListed Mar 26, 2025MLS #FC308281
About this property
The property at a glance
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 2024 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 2024, the city's population is estimated at 106,000. 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!
25,834
Building sq ft
$182
Price / sq ft
2.2
Lot acres
2003
Year built
1
Building
PUD
Zoning
Office
Property type
The numbers
Investment snapshot
7%
Cap rate
$326,903
Net operating income
Estimated payment (illustrative)
Estimated payment
$23,856/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
47,003
Population
$78,731
Median income
56.5
Median age
2.3
Avg household
$360,600
Median home value
$1,790/mo
Median rent
3,437
Households w/ kids
Recent sales
What actually sold near 1 HAMMOCK BEACH PARKWAY
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$11,400
1 FARRADAY LANE UNIT 1 B
8,530 sqft · $1/sqft · Sold Jun 9, 2025
$25,800
50 LEANNI WAY UNIT E3
1,228 sqft · $21/sqft · Sold Jan 8, 2026
$13,800
50 LEANNI WAY UNIT B5
1,228 sqft · $11/sqft · Sold Sep 15, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1 HAMMOCK BEACH PARKWAY — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1 HAMMOCK BEACH PARKWAY.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of PARKSIDE REALTY GROUP · Margaret Jones. MLS #FC308281.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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