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    Property profile & analytics

    508 State St Bunnell, FL 32110

    • Turn key restaurants
    • 1,902 SF
    • 0.45 lot acres
    For Sale
    View listing
    $580,000
    Value Estimation
    Last Sale
    Nov 07, 2023
    $475,000
    Location Intelligence
    Property ID
    US18-4655244
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Domenech Corner / Cuban Restaurant
    • Domenech Corner Cuban Restaurant / Restaurant

    Property Details for 508 State St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.45 lot acres
    Property size
    1,902 SF
    Zone code
    B-1
    Property type
    Turn key restaurants
    APN
    10-12-30-0850-01520-0030
    APU
    1012300850015200030

    Description

    This exceptional turn-key business opportunity is located at 508 N State St, Bunnell, FL, offering high visibility and significant traffic flow due to its prime location on US1. The 0.45-acre property includes a well-established restaurant currently operating with excellent customer reviews and a loyal clientele. The building is in excellent condition, having undergone recent improvements by the current owner. The sale includes the business, building, land, equipment, and the current menu, providing a seamless transition for a new owner. The restaurant boasts a seating capacity for 60 diners, two public restrooms, and ample parking for 15 vehicles. A unique feature is an on-site smokehouse, presenting the potential for expansion into barbecue cuisine. The seller is offering a one-month training period and the services of their chef for two to three months, ensuring a smooth operational handover. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a high-traffic location. The asking price is $580,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $545,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $480,000
      Mixed-Use
      $465,000
      Hospitality
      $420,000
      Educational
      $485,000
      Residential Income
      $560,000
      Energy
      $460,000
      Income-Based Land
      $440,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.2616
    Latitude
    29.4689
    CBSA code
    19660
    CBSA name
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,436
    $130,877
    $159,025
    $289,902
    -
    $130,877
    $159,025
    $289,902

    Comparable in this City

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    • Value Estimation
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      603 State St

      RESTAURANT • 3,088 SF
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    • Value Estimation
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      109 State St

      RESTAURANT • 1,650 SF
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      208 State St

      RESTAURANT • 4,735 SF
      208 State St, Bunnell, FL 32110-8023
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    • Value Estimation
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      1,429 SF

      1104 State St

      RESTAURANT • 1,429 SF
      1104 State St, Bunnell, FL 32110-7625
      View Details
    • Value Estimation
      $365,000
      2,236 SF

      501 State St

      RESTAURANT • 2,236 SF
      501 State St, Bunnell, FL 32110-6109
      View Details

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    508 State St
    Bunnell, FL 32110
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    Realmo Value Estimation

    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.

    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.

    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
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