Spacious Commercial Building on
3601 E MOODY Boulevard, Bunnell, FL 32110
28,000+ sqft building on 18+ acres near I-95.
Type:Land, Mixed Use
Property size:
28,000 SFLot size:
18.00 AcresPrice / SF:
$176/SF- Added:
- Dec 31, 2023
- Days on Market:
- 882
- Last Refresh:
- May 12 at 9:41 pm
Property Features for 3601 E MOODY Boulevard
General Information
- Standard status
- Active
- Size
- 28,000 SF
- Lot size
- 18.00 Acres
- Property subtype
- Land, Mixed Use
Building Details
- Year Built
- 1988
Listing agent Jena Dennis License #BK3387473
Listing office GREAT EXPECTATIONS REALTY
Listing date Dec 31, 2023
Source Crexi
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 GREAT EXPECTATIONS REALTY
HighLights
- 28,000+ Sqft steel frame commercial building on 18+ Acres.
- Prime location on Moody Blvd, minutes from I‑95, US Highway 1, Advent Health Hospital, & Flagler Executive Airport.
- Versatile building suitable for various permitted uses: retail, restaurants, hotels, nursing homes, day care centers, and more.
- Includes a 1200 sqft storage warehouse.
- Multiple parking areas and 2 playgrounds.
- Wooded acreage with a pond (approximately 13 Acres of potential Wetlands).
Overview
This is a rare opportunity to acquire a two-story, steel-frame commercial building with over 28,000 square feet of space, situated on more than 18 acres of land featuring a pond. Currently used as a church, the property includes a main worship area, nurseries, classrooms, offices, a play area, four sets of men's and women's restrooms, a commercial kitchen, and a spacious welcoming area. The property is connected to public water and has its own septic system. Multiple parking areas, two playgrounds, and a 1,200-square-foot storage warehouse are also present. The acreage includes wooded areas with a pond, with approximately 13 acres of potential wetlands. Located directly on Moody Boulevard, the property is minutes from I-95, US Highway 1, Advent Health Hospital, and Flagler Executive Airport. The roof is original and has some active leaks, and the property is being sold "as is." The building could be used for retail, restaurants, cocktail lounges, hotels, group homes, nursing homes, day care centers, hardware or building supply stores, vehicle sales, private clubhouses, bowling alleys, game rooms, funeral homes, churches, and adult arcade or amusement centers.
Local Financial Insights For Specialty Retail
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 | $614.9k | $21.96 |
| − Vacancy | −$32.0k | −$1.14 |
| EGI | $582.9k | $20.82 |
| − OpEx | −$145.7k | −$5.20 |
| NOI | $437.2k | $15.61 |
28,000 SF · lease $21.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$6.25M
$5.46M – $7.29M
NOI $437,180 @ 7.0% cap · market cap 8.83%
Second Best
Retail
$5.75M
$5.03M – $6.71M
NOI $402,486 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$6.73M
$5.89M – $7.85M
NOI $471,005 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Praise Assembly of God ...
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Bunnell
- County
- Flagler
- State
- Florida
- Longitude
- -81.2339229
- Latitude
- 29.4731752
Nearby Similar for Sale
FAQs
What type of property is this?
Church & religious facility - 28,000+ sqft building on 18+ acres near I-95.
Where is this church & religious facility located?
The property is located at 3601 E MOODY Boulevard Bunnell, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 28,000+ Sqft steel frame commercial building on 18+ Acres.; Prime location on Moody Blvd, minutes from I‑95, US Highway 1, Advent Health Hospital, & Flagler Executive Airport.; Versatile building suitable for various permitted uses: retail, restaurants, hotels, nursing homes, day care centers, and more.
