Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3405 Steel Rail Drive Bunnell, FL 32110

    View on Map
    Claim this Listing
    For Sale
    $3,750,000

    COMMERCIAL - Bunnell, FL

    Property size:
    12,960 SF
    Lot size:
    2.15 Acres
    Price / SF:
    $289/SF
    Added:
    Oct 22, 2025
    Days on Market:
    189
    Last Refresh:
    Apr 28 at 8:06 pm

    Property Features for 3405 Steel Rail Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    34-11-30-5736-00000-0020
    Size
    12,960 SF
    Lot size
    2.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    STEEL RAIL INDUSTRIAL PARK REPLAT MB 37 PG 55 LOT 2 2.15 ACRES OR 2090/629 OR 2291/786
    Tax Annual Amount
    1947

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Aluminum

    We can help!

    Listing Contact
    Scott Harter
    Scott Harter

    Listing agent Scott Harter

    Listing office Coldwell Banker Commercial Benchmark 570 Memorial Cir Suite 300, Ormond Beach, FL

    Listing date Oct 22, 2025

    MLS# 1219149

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bunnell Warehouse in Industrial Park

    This 12,960 square foot warehouse is located in the Bunnell Industrial Park. Constructed in 2025, the clear span building features ceilings approximately 28 feet high. It includes two 14' x 16' rollup doors and two walk-through doors. The property contains office space and restrooms. The warehouse can be easily divided into two separate spaces. The property is situated on a 2.15-acre lot. The property is currently occupied with one year remaining on the lease. Seller financing may be considered with 40% down for qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Pharmacy Hotel & Motel

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

    Similar Places Nearby

    • Optimum Storage Solutions — 3363 N State St, Bunnell, FL 32110
    • Steel Rail RV & Boat Outdoor Storage — 3480 Steel Rail Dr, Bunnell, FL 32110

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.27091
    Latitude
    29.509514

    Nearby Similar for Sale

    • $1,600,000
      10,689 SF

      Bunnell Commercial Mixed-Use Complex

      Nine-unit commercial complex with storage in Bunnell, Florida.
      703 S State Street, Bunnell, FL 32110
      View Details
    • $1,600,000
      20,878 SF

      BUNNELL Mixed-Use Investment Opportunity

      Nine-unit commercial complex with storage in a high-growth area.
      703 S STATE STREET, BUNNELL, FL 32110
      View Details
    • $1,900,000
      3,986 SF

      Showroom and Warehouse on SR 100

      Showroom and warehouse with high visibility on SR 100.
      4720 E MOODY Blvd, Bunnell, FL 32110
      View Details
    • $1,450,000
      8,812 SF

      Bunnell Warehouse with Updated Office

      Commercial warehouse with updated office space on State Road 100.
      2360 E MOODY BOULEVARD, BUNNELL, FL 32110
      View Details
    • $4,950,000
      29,620 SF

      Spacious Commercial Building on 18+ Acres

      28,000+ SqFt building on 18+ acres near I-95.
      3601 E MOODY BOULEVARD, BUNNELL, FL 32110
      View Details
    • $1,600,000

      High-Visibility Multi-Income Commercial Asset

      Multi-unit commercial property with storage, high traffic, and growth potential.
      703 S. State Street, Bunnell, FL 32110
      View Details
    • $3,750,000
      12,960 SF

      Bunnell Warehouse in Industrial Park

      12,960 SF warehouse in Bunnell Industrial Park for sale.
      3405 Steel Rail Drive Bunnell, FL 32110
      View Details
    • $3,750,000
      12,960 SF

      Bunnell Industrial Park Warehouse

      12,960 SF warehouse with high ceilings in Bunnell, Florida.
      3405 Steel Rail Dr, BUNNELL, FL, 32110-0166
      View Details
    • $163,900
      1,035 SF

      Remodeled Condo in Palm Pointe

      Remodeled 2 bed, 2 bath condo in growing area.
      4600 E MOODY BOULEVARD 7P, BUNNELL, FL 32110
      View Details
    • $2,500,000
      14,376 SF

      Flagler County 56-Acre Ranch

      Equine operation with multiple buildings, paddocks, and outdoor ring.
      3305 COUNTY ROAD 305, BUNNELL, FL 32110
      View Details
    • $1,900,000
      7,849 SF

      SR 100 Commercial Property

      Commercial property suitable for restaurant, sports bar, or nightclub.
      4701 E Moody Boulevard, Bunnell, FL 32110
      View Details
    • $4,950,000
      28,171 SF

      Spacious Commercial Building on 18+ Acres

      28,000+ sq ft building on 18+ acres with pond.
      3601 E Moody Blvd, Bunnell, FL 32110
      View Details

    FAQs

    What type of property is this?
    Warehouse - 12,960 SF warehouse with high ceilings in Bunnell, FL.
    Where is this warehouse located?
    The property is located at 3405 Steel Rail Drive Bunnell, FL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 12,960 sq ft clear span warehouse with an impressive +-28 ft ceiling height.; Located in the Bunnell Industrial Park.; Built in 2024.
    (386) 672-8530
    We can help!
    Listing Contact
    Scott Harter
    Scott Harter
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!