Office Units with Meeting
104 S STATE STREET, Bunnell, FL 32110
For Sale
New
$385,000
B-2 zoning supports a range of office and service-oriented commercial uses.
Property Size1,808 SF
Price / SF$212.94
Days on Market4
Property Features for 104 S STATE STREET
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Traffic Count
Road Access
Additional Details
Condition
Property Use
Amenities
0.05 acres, Central Business District, City Limits, Interior Lot
Built-Up
Public Sewer
Additional parcels description:, Parcel Number: 10-12-30-0850-01570-0030, Public Survey Range: 30, Public Survey Section: 10, Annual Amount: $2,395.41, Tax Block: 157, Tax Book Number: N/A, Legal Description: TOWN OF BUNNELL BLOCK 157 THE NE 55' OF THE SE 35' OF LOT 3 LOCATED IN SECTION 15 OR 136 PG 243OR 202 PG 583 OR 536 PG 553-LIFE ESTATE, REMAINDERMAN= LEROY R HIBNER & BETTY JANE HIBNER DECLAR. OR 570 PG 700 OR 574 PG 898-RMDMAN HIBNER TRUST OR 673 PG 1535, Lot: 3, Year: 2026, Zoning: B-2
Hardwood
Central Air
Central, Electric
Listing ID: MFRFC322566, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-11-04, 1 day on market, Special Conditions: None
Curb Parking
Aluminum Frames, Display Window(s)
Built in 1952, Living area: 1808, Living area units: Square Feet, Building faces West, Construction Materials: Block, Brick, Concrete
Subdivision: TOWN/BUNNELL, MLS Area (Major): 32110 - Bunnell, County/Parish: Flagler
Completed
Water Connected, Water Source: Public, 200+ Amp Service, Service - 110 Volts, 220 Volts
Slab
Close Of Escrow
Frontage Type: Access Road, City Street, Interstate, Road Responsibility: Public Maintained Road, Road Surface: Asphalt, Paved
Accessible Approach with Ramp, Accessible Entrance
Building Details
Year Built
Year Renovated
Listing Agency:
3 DOT REALTY LLC
Listed By:
Rodolphe Brun · License #3267171
(386) 235-0670
Source:
Miharaandassociates
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 3 DOT REALTY LLC
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Investment Insights
Based on property information with market context.
This 1,808-square-foot office property in downtown Bunnell was built in 1952. Its interior includes three offices, a large meeting or storage room, and a kitchen area with a sink and 220-volt outlet. Engineered wood flooring and cedar accent walls were added in 2022, and the ceilings are approximately 9 feet high. A replacement HVAC system was installed in December 2023.
The property fronts US-1/S State Street, a roadway segment with approximately 13,500 vehicles per day, according to FDOT. Curbside street parking serves the site. B-2 zoning permits a variety of commercial uses; buyers should verify intended-use requirements and approvals.
The property fronts US-1/S State Street, a roadway segment with approximately 13,500 vehicles per day, according to FDOT. Curbside street parking serves the site. B-2 zoning permits a variety of commercial uses; buyers should verify intended-use requirements and approvals.
Key Highlights
- 1,808 square feet of commercial office space
- Three offices plus a large meeting or storage room
- Kitchen area includes a sink and 220‑volt outlet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,989
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,780
$519.8K
Cap Rate 7%
$371,271
$371.3K
Cap Rate 9%
$288,767
$288.8K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$40.1K $22.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$37.1K $20.54/SF
− OpEx
−$11.1K −$6.16/SF
NOI
$26.0K $14.37/SF
Area
Flagler County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,780
Cap Rate 7%
$371,271
Cap Rate 9%
$288,767
Alternative Uses
Best Use
Retail
$371.3K
$324.9K – $433.2K
NOI $25,989 @ 7.0% cap · market cap 6.75%
Second Best
Office B
$299.2K
$261.8K – $349.0K
NOI $20,942 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
13,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 32110, FL
8,776
Population
4,102
Households
2.1
Avg Household Size
45
Median Age
12%
College-Educated
90%
High-School Grad
296.2 sq mi
ZIP Area
30
Density / Sq Mi
$56,277
Median Household Income
$31,600
Median Earnings
$1,213
Median Rent
$221,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Flagler County, FL
Properties on Market for Office Units in Flagler County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - B-2 zoning supports a range of office and service-oriented commercial uses.
Where is this office unit located?
The property is located at 104 S STATE STREET Bunnell, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,808 square feet of commercial office space; Three offices plus a large meeting or storage room; Kitchen area includes a sink and 220‑volt outlet
