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

    2270 N State St Bunnell, FL 32110

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    4.07-acre commercial property with income and development potential.

    Lot size:
    4.07 Acres

    Property Features for 2270 N State St

    General Information

    Standard status
    Active
    Lot size
    4.07 Acres

    We can help!

    Listing Contact
    CARSTEN GEORG
    Source: Exprealty

    Listing Agency: may realty & resort rentals Listing Agent: CARSTEN GEORG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Property in Bunnell

    This 4.07-acre commercial property is located on US 1 in Bunnell, FL. The property includes 5 buildings and has established tenants, providing a consistent income stream. An approved development plan is in place for additional buildings, offering growth potential and the opportunity to increase rental income. Mobile containers with electric connections and a dedicated storage zone are suitable for light industrial use. The property is well-maintained, with all necessary infrastructure and utilities in place to support various business operations. Ample space is available for future development. Tenant details are available upon request.
    Location Intelligence

    Current Use by Public Records

    The Tire Pit Tire Shop Ambarag Truck Services Repair Service

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Car Rental Daycare Center Cosmetics Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.234673
    Latitude
    29.4391815

    Nearby Similar for Sale

    • $2,500,000
      Pending

      Flagler County 56-Acre Ranch

      Equine operation with multiple buildings, paddocks, and outdoor ring.
      3305 County Road 305, Bunnell, FL 32110
      View Details
    • $1,600,000
      10,689 SF

      Bunnell Commercial Mixed-Use Complex

      Nine-unit commercial complex with storage in Bunnell, Florida.
      703 S State St, 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 St, Bunnell, FL 32110
      View Details
    • $110,000

      Turnkey Physical Therapy Business

      Established physical therapy business for sale in Bunnell, Florida.
      2550 N State St, Bunnell, FL 32110
      View Details
    • $3,750,000
      12,960 SF

      Bunnell Warehouse in Industrial Park

      12,960 SF warehouse with high ceilings in Bunnell, FL.
      3405 Steel Rail Dr, Bunnell, FL 32110
      View Details
    • Contact for pricing
      33,162 SF

      Town & Country Self Storage

      Self-storage, boat, RV parking, and flex units in Palm Coast.
      1 Enterprise Dr, Bunnell, FL 32110
      View Details
    • $3,000,000

      Three Industrial Buildings on US1

      Three well-maintained industrial warehouses on 3.5 acres with frontage.
      7501 S Us Highway 1, Bunnell, FL 32110
      View Details
    • $3,000,000

      Three Industrial Buildings on US1

      Three meticulously maintained warehouse buildings on 3.5 acres.
      2501 Hwy S, Bunnell, FL 32110
      View Details
    • $145,000

      Holiday Park Home For Sale

      One bedroom home in Holiday Park, minutes from attractions.
      52 Deer Run Dr, Bunnell, FL 32110
      View Details
    • $1,900,000

      Restaurant/Bar/Nightclub Opportunity on SR 100

      Restaurant, sports bar, or nightclub property with full liquor license.
      4701 E Moody Blvd, Bunnell, FL 32110
      View Details
    • $35,900

      Established Salon Business For Sale

      Long-standing salon in busy Bunnell strip center for sale.
      606 N State St, Bunnell, FL 32110
      View Details
    • $3,750,000

      Bunnell Industrial Park Warehouse

      12,960 SF warehouse with high ceilings in Bunnell, Florida.
      3405 Steel Rail Dr, Bunnell, FL 32110
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.07-acre commercial property with income and development potential.
    Where is this commercial land located?
    The property is located at 2270 N State St Bunnell, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime 4.07-acre commercial property on highly visible US 1 in Bunnell, FL.; - Established tenants provide a stable and consistent income stream.; - Approved development plan in place for additional buildings, offering significant growth potential.
    (904) 461-5732
    Request Owner's contact information
    2270 N State St 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.
    2270 N State St
    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
    2270 N State St 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
    CARSTEN GEORG
    (904) 461-5732
    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.