Bunnell Commercial Mixed-Use
703 S State Street Bunnell, FL 32110
703 S State Street, Bunnell, FL, 32110
$1,600,000
COMMERCIAL - Bunnell, FL
Property Size20,878 SF
Lot Size5.72 Acres
Price / SF$76.64
AddedOct 31, 2025
Days on Market259
Last RefreshJul 16 at 4:06 am
Property Features for 703 S State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 9
- Rooms
- Bathroom 1, Bathroom 7, Bathroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 9, Bathroom 6
- Parking features
- Parking Lot, Carport, RV, Assigned, Driveway
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 10-12-30-0850-02990-0000
- Size
- 20,878 SF
- Lot size
- 5.72 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- TOWN OF BUNNELL BLKS 299 & 300 LYING WEST OF US-1 & 1/2 OF VACANTED SHORT STREET LYING SOUTH OF BLK 299 ALSO 2.+/- AC BUNNELL DEV CO SUBD BLK C PT TR 5 LYING S OF BLK 300 & BETWEEN US-1 & FEC R/R PARCEL HAS 234. ON WLY BOUNDARY US-1 & 301.47' ON ELY BOUND
- Tax Annual Amount
- 13502
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Hot Water(Heating), Heat Pump (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Exhaust Fan (Cooling), Varies by Unit, Electric, Multi Units, Heat Pump, Separate Meters
- Water source
- Public
Building Details
- Year built
- 2001
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Concrete, Carpet, Tile, Terrazzo
- Building materials
- Block, Brick, Cement Siding, Concrete
- Roof type
- Shingle, Mixed
Listing agent Terry Sitaram License #3092297 (386) 237-4444
Listing office Realty Pros Commercial 140 S Atlantic Ave. Ste 202, Daytona Beach, FL (386) 253-8565
Listing date Oct 31, 2025
MLS# 1219480
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.
Investment Insights
Based on property information with market context.
This commercial mixed-use complex is located on State Street (U.S.-1) in Bunnell, Florida, minutes from Downtown Bunnell, Palm Coast, and Flagler Beach, with access to I-95 and SR-100. The property features nine condominium-style units, each ranging from approximately 1,200 to 1,400 square feet. Each unit has independent electric meters, private entrances, and individual HVAC systems. The flexible configurations are suitable for office, retail, flex, or light industrial use. The property also includes a jointly owned rear storage section governed by a Separation Agreement, with five storage units at approximately 250 square feet each and two storage units at approximately 500 square feet each. The total building area is approximately 8,500 square feet, situated on a +/-2.9-acre site. The concrete block construction ensures durability and low maintenance. Ample on-site parking is available with front and side access. The property's zoning (I-B) allows for wide commercial use. Current monthly rent is approximately $16,841. Potential uses include a mixed-use commercial complex, auto or contractor service center, showroom and storage combination, or retail, office, or flex-space investment. The property is ideal for an investor, contractor, small business hub, or storage rental, with future redevelopment potential.
Key Highlights
- 9‑unit condominium‑style commercial/mixed‑use complex with total building area of +/-8,500 SF
- Units are individually metered with independent electric meters and private entrances
- Each unit has its own HVAC system, with heating/cooling options listed as hot water, heat pump, electric, and central air (varies by unit)
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.9k | $9.00 |
| − Vacancy | −$8.5k | −$0.41 |
| EGI | $179.4k | $8.59 |
| − OpEx | −$53.8k | −$2.58 |
| NOI | $125.6k | $6.02 |
20,878 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.29M
$3.75M – $5.00M
NOI $300,111 @ 7.0% cap · market cap 18.76%
Second Best
Office B
$3.45M
$3.02M – $4.03M
NOI $241,830 @ 7.0% cap · market cap 15.11%
Theoretical Best
Office A
$5.02M
$4.39M – $5.85M
NOI $351,201 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wood Art Furniture
General Contractor
Financial Auto Group ...
Car Dealership
outcastz custom cycleworks
Motorcycle Shop
Lil City Lounge
Restaurant
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FAQs
What type of property is this?
Mixed-use property - Nine-unit commercial complex with storage in Bunnell, Florida.
Where is this mixed-use property located?
The property is located at 703 S State Street Bunnell, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 9‑unit condominium‑style commercial/mixed‑use complex with total building area of +/-8,500 SF; Units are individually metered with independent electric meters and private entrances; Each unit has its own HVAC system, with heating/cooling options listed as hot water, heat pump, electric, and central air (varies by unit)
