2323 N STATE St 77 Bunnell, FL 32110
1,000 SF industrial condo with office and warehouse space.
- Added:
- May 14, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 2 at 1:56 pm
Property Features for 2323 N STATE St 77
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2006
Listing office Watson Realty Corp (386) 290-0613
Listing date May 14, 2026
Source Elliman
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 Watson Realty Corp
Investment Insights
Based on property information with market context.
Key Highlights
- Centrally located in Flagler County, minutes from major roadways.
- Versatile 1000 SF industrial condo suitable for office, retail, warehouse, showroom, distribution, or personal storage.
- Features a 200 SF office, 800 SF warehouse space, and a 400 SF mezzanine office.
Local Financial Insights For Flex RnD
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 | $26.5k | $18.96 |
| − Vacancy | −$2.1k | −$1.48 |
| EGI | $24.5k | $17.48 |
| − OpEx | −$8.6k | −$6.12 |
| NOI | $15.9k | $11.36 |
Alternative Uses
Property Analytics
Current Use by Public Records
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