77-2323 N State St Bunnell, FL 32110
Industrial condo with office, warehouse, and mezzanine space.
- Added:
- May 12, 2026
- Days on Market:
- 62
- Last Refresh:
- May 19 at 10:57 pm
Property Features for 77-2323 N State St
General Information
- Standard status
- Active
- Size
- 1,400 SF
Listing office WATSON REALTY CORPORATION (386) 290-0613
Listing date May 12, 2026
Source Exprealty
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 CORPORATION
Investment Insights
Based on property information with market context.
Key Highlights
- Centrally located in Flagler County, minutes from SR 100 and Palm Coast Pkwy via US‑1.
- 1000 SF unit with 200 SF office, 800 SF warehouse, and 400 SF mezzanine office.
- Features include glass front, glass entry door, 10' wide roll‑up door, high ceilings, ADA restroom, and full air conditioning.
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 |
