Multi-Office
New
For Sale
$385,000
104 S STATE Street, Bunnell, FL 32110
Commercial Sale, BUNNELL, FL
Property Size1,808 SF
Lot Size0.05 Acres
Price / SF$212.94
Days on Market2
Property Features for 104 S STATE Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B-2
Window features
Display Window(s), Aluminum Frames
Accessibility
Accessible Approach with Ramp
Subdivision
TOWN/BUNNELL
Lot features
Central Business District, City Limits, Interior Lot
Directions
From I-95, take Exit 284 for SR-100 and head west toward Bunnell. Continue on SR-100/E Moody Boulevard to US-1/State Street. Turn left onto S State Street. The building is on the le
Standard status
Active
APN
10-12-30-0850-01570-0030
Size
1,808 SF
Lot size
0.05 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax 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
Tax Annual Amount
2395
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
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Number of units
1
Flooring type
Hardwood
Building materials
Block, Brick, Concrete
Roof type
Built-Up
Buildings
1
Listing Agency:
3 DOT REALTY LLC
Listed By:
Rodolphe Brun · License #BK3267171
(386) 235-0670
Added: Nov 4
Last Checked: Nov 5 at 12:06AM
MLS# FC322566
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.
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Investment Insights
Based on property information with market context.
This 1,808-square-foot office property has three offices, a larger room suited to meetings or storage, and a kitchen area with a sink and 220-volt outlet. The interior has approximately 9-foot ceilings, engineered wood flooring, and cedar wall accents installed in 2022. A central HVAC system was replaced in December 2023. The roof requires replacement; curbside street parking is available.
At 104 S State Street in downtown Bunnell, the property fronts US-1/S State Street, a roadway segment with approximately 13,500 vehicles per day reported by FDOT. B-2 zoning identifies potential uses that include professional or business offices, medical or dental offices, specialty retail, a cafe, and catering services. Public water and sewer serve the property, and an accessible approach ramp is present. Buyers should confirm dimensions, permitted uses, parking requirements, and any approvals or improvements needed for their intended operation.
At 104 S State Street in downtown Bunnell, the property fronts US-1/S State Street, a roadway segment with approximately 13,500 vehicles per day reported by FDOT. B-2 zoning identifies potential uses that include professional or business offices, medical or dental offices, specialty retail, a cafe, and catering services. Public water and sewer serve the property, and an accessible approach ramp is present. Buyers should confirm dimensions, permitted uses, parking requirements, and any approvals or improvements needed for their intended operation.
Key Highlights
- 1,808 square feet on a 0.05‑acre lot
- Three offices, plus a large meeting or storage room
- Kitchen area has a sink and 220‑volt outlet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,942
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,840
$418.8K
Cap Rate 7%
$299,171
$299.2K
Cap Rate 9%
$232,689
$232.7K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$35.8K $19.80/SF
− Vacancy
−$7.9K −$4.36/SF
EGI
$27.9K $15.44/SF
− OpEx
−$7.0K −$3.86/SF
NOI
$20.9K $11.58/SF
Area
Flagler County, FL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,840
Cap Rate 7%
$299,171
Cap Rate 9%
$232,689
Alternative Uses
Best Use
Office B
$299.2K
$261.8K – $349.0K
NOI $20,942 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
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
Who owns this building?
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Current Use
Lease Details
13,500 VPD
Traffic count
Yes
Highway access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - B-2 zoning supports potential professional-office use and several other commercial applications.
Where is this office building 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 on a 0.05‑acre lot; Three offices, plus a large meeting or storage room; Kitchen area has a sink and 220‑volt outlet
