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1 Hammock Beach Parkway, FL
Stellar MLS

$4.70M

1 Hammock Beach Parkway

Palm Coast, FL 32137

Listing updated: April 2, 2026 at 12:10 PM ET

Active
Stellar MLSListing courtesy of Parkside Realty Group · Margaret Jones · MLS #FC308281 · Active · 386-302-0300
25,834
Building SF
2.2
Acres
2003
Built
$181.93
Per SF
Office6.96% cap rate2.2 acres$181.93/SF360° tour
Office

Property type

2003

Year built

25,834 SF

Building size

95,832 sqft

Lot size

$181.93

Price / SF

PUD

Zoning

326

Days on market

Investment & cash flow

6.96%
Cap rate
$327K
NOI / yr
$523K
Gross income
9.0
GRM
$181.93
Price / SF

Figures provided by the listing broker — verify independently.

About this property

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!

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Office
Status
Active
Days on market
326
Subdivision
Ocean Hammock Prcl B-3
County
Flagler
Year built
2003
Building area
25,834 sq ft
Price/sq ft
$181.93
Lot size
95,832 sq ft
Buildings
1
Stories
2
Road frontage
City Street
Building features
Bathrooms, Dumpsters, Elevator, Trash Removal
Annual taxes
$31K (2024)
Parcel #
04-11-31-3503-00000-00C0
Zoning
PUD
MLS #
FC308281

Utilities

Utilities
Electricity Available, Phone Available, Water Connected
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2025-03-24
On market date
2025-03-26
MLS area
32137 - Palm Coast
Status changed
2026-04-02
Tax legal description
OCEAN HAMMOCK PARCEL B-3 PARCEL C 2.20 AC (COMMERCIAL) OR 631 PG 486 OR 1498 PG 22 OR 1887/74 OR 1938/1888 OR 1939/1888-CD OR 1944/723 OR 1973/814 OR 2122/1742

Location

Directions

From I-95 take Palm Coast Parkway East to Hammock Dunes Parkway. Proceed 1 mile north to Hammock Beach Parkway on the right. Building is immediately on your left before the guard gate.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of April 2, 2026 at 12:10 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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