Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3405 Steel Rail Dr Bunnell, FL 32110

    Sponsored
    For Lease
    $6,250 /Mo ($166 SF/Yr)

    Warehouse - BUNNELL, FL

    Type:Single Family Residence
    Property size:
    450 SF
    Lot size:
    2.15 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 27 at 6:06 am

    Property Features for 3405 Steel Rail Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    34-11-30-5736-00000-0020
    Size
    450 SF
    Lot size
    2.15 Acres

    Building Details

    Year built
    2023
    Flooring type
    Concrete
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Chase Sabine
    Chase Sabine

    Realty Exchange LLC (386) 931-6311

    Listing agent Chase Sabine (386) 931-6311 License #3513805

    Listing date Jan 20, 2026

    MLS# FC315428 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    BUNNELL Warehouse with 26ft Ceilings

    This warehouse, suitable for lease, features 26ft ceilings and over 6,000 square feet of warehouse space. It includes a large office area and two bathrooms. The property is located right off of US1, providing ease of access. Eight parking spots are included. The warehouse is situated on a 2.15-acre lot. The property is located in BUNNELL, FL 32110. The property has 450 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Wholesale Shop Auto Repair Shop Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Optimum Storage Solutions, Steel Rail RV & Boat Outdoor Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.271351
    Latitude
    29.50949

    Nearby Similar for Lease

    • $3,500 /Mo
      20,571 SF

      BUNNELL Mixed-Use Commercial Building

      3200 sqft commercial building suitable for retail or office.
      111 S Railroad St, Bunnell, FL 32110
      View Details
    • $1,400 /Mo
      954 SF

      Retail Space on US-1

      Commercial space on US-1, minutes from the beach. Available now!
      502 N State St, Bunnell, FL 32110
      View Details
    • $170 SF/Yr
      200 SF

      Storage Unit For Rent

      10x20 storage unit with drive-up access in Bunnell, FL.
      500 E Court St, Bunnell, FL 32110
      View Details
    • Contact for pricing
      2,000 SF

      New Construction Restaurant/Office Space

      New construction restaurant/office space available June 2025.
      2350 Commerce Pkwy, Bunnell, FL 32110
      View Details
    • $42,000

      Renovated Office Building For Rent

      Office building for rent in prime Bunnell location.
      3100 E Moody Blvd, Bunnell, FL 32110
      View Details
    • $19 SF/Yr
      4,000 SF

      Bunnell Warehouse Space Available

      4,000 sq ft warehouse space for lease.
      2323 N State St, Bunnell, FL 32110
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with office, bathrooms, and convenient US1 access.
    Where is this warehouse located?
    The property is located at 3405 Steel Rail Dr Bunnell, FL.
    What is the lease rate?
    The lease rate is $166 SF/Yr.
    What are key features of this property?
    This property features: - 6,000+ sq ft of warehouse space.; - High ceilings with 26 ft clearance.; - Convenient access to US1.
    (386) 237-9499
    Request Owner's contact information
    3405 Steel Rail Dr Bunnell, FL 32110
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3405 Steel Rail Dr
    Bunnell, FL 32110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3405 Steel Rail Dr Bunnell, FL 32110
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chase Sabine
    Chase Sabine
    Real Estate License ID: 3513805
    (386) 237-9499
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.