Restaurant/Bar Opportunity on SR
For Sale
$1,900,000
4701 E MOODY Blvd, Bunnell, FL 32110
Restaurant, bar, or nightclub opportunity with full liquor license potential.
Property Size8,749 SF
Lot Size1.38 Acres
Price / SF$217.17
Days on Market167
Property Features for 4701 E MOODY Blvd
General Information
Standard status
Active
Size
8,749 SF
Lot size
1.38 Acres
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
BLUEWATER REAL ESTATE
(407) 578-7005
Listed By:
Kathy Cowdrey · License #543027
(407) 578-7005
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Aug 23 at 5:06AM
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 BLUEWATER REAL ESTATE
Investment Insights
Based on property information with market context.
Located on a busy section of SR 100, this property offers potential as a restaurant, sports bar, or nightclub. The property qualifies for a SRX full liquor license. The building includes 8749 heated square feet, featuring a full bar, dance floor, kitchen, stage, DJ booth, restrooms, and a private office. Ample parking is available. The location is near Super Target and Tractor Supply, approximately 5 minutes from the new BJ's Wholesale Club, and less than 15 minutes from Flagler Beach.
Key Highlights
- SRX full liquor license eligibility
- 8749 heated square feet suitable for restaurant, sports bar, or nightclub**
- High‑traffic location on SR 100 near Super Target and Tractor Supply
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,603
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,732,060
$2.7M
Cap Rate 7%
$1,951,471
$2.0M
Cap Rate 9%
$1,517,811
$1.5M
Market Conditions
NOI Build-Up for 8,749 SF
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.
Gross rent
$192.1K $21.96/SF
− Vacancy
−$10.0K −$1.14/SF
EGI
$182.1K $20.82/SF
− OpEx
−$45.5K −$5.20/SF
NOI
$136.6K $15.61/SF
Area
Flagler County, FL
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,732,060
Cap Rate 7%
$1,951,471
Cap Rate 9%
$1,517,811
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,603 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,172 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
268k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 32%
Shops & Services 10%
Groceries 8%
Target
Superstores
90,912 visits/mo
0.4 miles
McDonald's
Dining
28,111 visits/mo
0.5 miles
Dollar Tree
Shops & Services
26,679 visits/mo
0.5 miles
Culver's
Dining
24,653 visits/mo
0.2 miles
Aldi
Groceries
22,187 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Starbucks — 5100 State Rte 100, Palm Coast, FL 32164
- Southernly Sips LLC — 250 Belle Terre Blvd, Palm Coast, FL 32164
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant, bar, or nightclub opportunity with full liquor license potential.
Where is this bar & pub located?
The property is located at 4701 E MOODY Blvd Bunnell, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: SRX full liquor license eligibility; 8749 heated square feet suitable for restaurant, sports bar, or nightclub**; High‑traffic location on SR 100 near Super Target and Tractor Supply
