Clear-Span Warehouse with Roll-Up
For Sale
$3,750,000
3405 Steel Rail Drive, Bunnell, FL 32110
Commercial Sale, Bunnell, FL
Property Size12,960 SF
Lot Size2.15 Acres
Price / SF$289.35
Days on Market352
Property Features for 3405 Steel Rail Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Parking features
Parking Lot
Lot features
Cleared, Dead End Street
Directions
From N US Hwy 1 in Bunnell turn left on Otis Stone Hunter Rd and go left on Steel Rail Dr. Go to 3405 on right.
Subdivision
60 - Palm Coast
Standard status
Active
APN
34-11-30-5736-00000-0020
Size
12,960 SF
Lot size
2.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
STEEL RAIL INDUSTRIAL PARK REPLAT MB 37 PG 55 LOT 2 2.15 ACRES OR 2090/629 OR 2291/786
Tax Annual Amount
1947
Legal Description
STEEL RAIL INDUSTRIAL PARK REPLAT MB 37 PG 55 LOT 2 2.15 ACRES OR 2090/629 OR 2291/786
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Aluminum
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
Scott Harter
(386) 290-6994
Added: Oct 22, 2025
Changed: Oct 2
Last Checked: Oct 8 at 2:06PM
MLS# 1219149
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 12,960-square-foot warehouse was completed in 2025 and offers clear-span space with approximately 28-foot ceilings. The metal-sided building has concrete flooring, an aluminum roof, office space, restrooms, two 14' x 16' roll-up doors, and two walk-through doors. Its interior can be divided into two separate areas.
The property occupies 2.15 acres in Bunnell Industrial Park and includes a parking lot. Public water and public sewer serve the site. The building is currently occupied under a lease with one year remaining.
The property occupies 2.15 acres in Bunnell Industrial Park and includes a parking lot. Public water and public sewer serve the site. The building is currently occupied under a lease with one year remaining.
Key Highlights
- 12,960‑square‑foot clear‑span warehouse on 2.15 acres
- Approximately 28‑foot ceiling height
- Two 14' x 16' roll‑up doors plus 2 walk‑through doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,261
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,945,220
$2.9M
Cap Rate 7%
$2,103,729
$2.1M
Cap Rate 9%
$1,636,233
$1.6M
Market Conditions
NOI Build-Up for 12,960 SF
Gross rent
$245.7K $18.96/SF
− Vacancy
−$19.2K −$1.48/SF
EGI
$226.6K $17.48/SF
− OpEx
−$79.3K −$6.12/SF
NOI
$147.3K $11.36/SF
Area
Flagler County, FL
Vacancy
7.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,945,220
Cap Rate 7%
$2,103,729
Cap Rate 9%
$1,636,233
Alternative Uses
Best Use
Flex RnD
$2.10M
$1.84M – $2.45M
NOI $147,261 @ 7.0% cap · market cap 3.93%
Second Best
Warehouse
$1.49M
$1.30M – $1.74M
NOI $104,233 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,008 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
28 ft
Clear height
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Modern industrial building with office space, restrooms, and a layout that can support separate operations.
Where is this warehouse located?
The property is located at 3405 Steel Rail Drive Bunnell, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 12,960‑square‑foot clear‑span warehouse on 2.15 acres; Approximately 28‑foot ceiling height; Two 14' x 16' roll‑up doors plus 2 walk‑through doors
