Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State St Bunnell, FL 32110
    Back to Search
    Property profile & analytics

    State St, Bunnell, FL 32110

    View on Map
    • Land
    • 5.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State St

    Lot size
    5.64 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    Exceptional 5.64-acre commercial land opportunity in Bunnell, Florida, boasting 365 feet of direct US-1 frontage. This strategically located parcel sits at the intersection of US-1 and Grand Reserve Drive, comprising two combined parcels (APN: 03-12-30-0650-00110-0011, 0312300650001100011). Currently zoned agricultural, the property is undergoing annexation into the City of Bunnell with a zoning change to Industrial anticipated for completion in November 2024. While 1.45 acres are wetlands, the remaining 4.19 acres offer significant buildable space. Its proximity to the new 2700-acre Reserve at Haw Creek PUD (less than one mile north) makes this an ideal location for businesses seeking high visibility and accessibility. The asking price is $750,000. This presents a unique chance to acquire a prime commercial site with significant future development potential in a rapidly growing area. The property's address is N State St, Bunnell, FL 32110.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.2662
    Latitude
    29.4877

    Comparable in this City

    • Value Estimation by Request
      1,305.00 Acres

      Twin Lakes Rd

      Farms
      0 Twin Lakes Rd, Bunnell, FL 32110
      View Details
    • Value Estimation by Request
      30.51 Acres

      Us Highway-1

      Agricultural land / Farmland
      0 Us Highway-1, Bunnell, FL 32110
      View Details
    • Value Estimation by Request
      40.00 Acres

      485 County Road 108

      Land
      485 County Road 108, Bunnell, FL 32110
      View Details
    • Value Estimation by Request
      2,064 SF

      500 Ct St

      INDUSTRIAL (GENERAL)
      500 Ct St, Bunnell, FL 32110-8401
      View Details
    • Value Estimation
      $1,615,000
      15,000 SF

      3000 Moody Blvd

      INDUSTRIAL (GENERAL)
      3000 Moody Blvd, Bunnell, FL 32110-4472
      View Details
    • Value Estimation by Request
      2,000 SF

      1150 Moody Blvd, Unit 205

      CONDOMINIUMS (INDUSTRIAL)
      1150 Moody Blvd, Bunnell, FL 32110-6911
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,000 SF

      Equestrian Property with Extensive Infrastructure

      9.86-acre equestrian property featuring paddocks, barn, and metal building.
      596 E County Road 90, Bunnell, FL 32110
      View Details
    • New
      $750,000
      2,560 SF

      BUNNELL Farm/Ranch with Modern Home

      Modern home on 5 acres, near Palm Coast and Flagler Beach.
      222 County Road 15, Bunnell, FL 32110
      View Details
    • $1,100,000

      Equestrian Property with Extensive Infrastructure

      Nearly 10-acre equestrian property with established infrastructure.
      596 East County Road 90, Bunnell, FL 32110
      View Details
    • Contact for pricing

      Premier Southeastern Trophy Ranch

      A turnkey ranch property with luxury accommodations and equestrian facilities.
      14750 County Road 305, Bunnell, FL 32110
      View Details
    • $62,800

      Cleared Lot Ready to Build

      High and dry lot, cleared, surveyed, and perk tested.
      2216 Laurel Ave, Bunnell, FL 32110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Buildings with Secured Storage

      New industrial buildings with secured outdoor storage in Bunnell, Florida.
      2190 N State St, Bunnell, FL 32110
      View Details
    • $75,000

      Warehouse with 26ft Ceilings

      Warehouse with office space, convenient location, and parking.
      3405 Steel Rail Dr, Bunnell, FL 32110
      View Details
    • $1,600 /Mo
      8,600 SF

      Renovated Commercial Space on U.S.-1

      Fully renovated 1,200 SF commercial space for lease in Bunnell.
      703 S State St, Bunnell, FL 32110
      View Details
    • Contact for pricing

      Industrial Condo with Mezzanine Office

      Industrial condo with office, warehouse, and mezzanine space for lease.
      2323 N State St, Bunnell, FL 32110
      View Details
    • $13 SF/Yr
      1,655 SF

      BUNNELL Office/Warehouse Unit For Rent

      Office/warehouse unit in Favoretta Business Center with ample parking.
      7775 Us Highway 1, Bunnell, FL 32110
      View Details
    • $1,850 /Mo
      1,000 SF

      Air-Conditioned Industrial Condo Unit

      1000 SF industrial condo with full air conditioning.
      2323 N State St, Bunnell, FL 32110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    State St
    Bunnell, FL 32110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    State St, Bunnell, FL, 32110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!