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    205 State St Bunnell, FL 32110-6103

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    205 State St Bunnell, FL 32110-6103

    View on Map
    • Auto shops
    • 2,892 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Mar 28, 2024
    $500,000
    Property ID
    US18-4332374
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Al Car Care Car Wash / Car Wash
    • Al's Auto Repair / Auto Repair Shop

    Property Details for 205 State St

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    2,892 SF
    Zone code
    B-1
    Property type
    Auto shops
    APN
    10-12-30-0850-01710-0090
    APU
    1012300850017100090

    Description

    This exceptional investment opportunity presents a thriving auto repair shop strategically located at 205 S State St, Bunnell, FL. The property sits on a sizable 0.23-acre lot and offers significant income potential through its dual operation: a well-established auto repair business and a complementary car wash. The main building houses the fully operational auto repair facility, equipped and ready for immediate use. The attached car wash provides a consistent stream of additional revenue, enhancing the overall profitability of the business. Adding to the property's versatility, a substantial 1036 square feet of space is available upstairs, presenting numerous possibilities for expansion, additional office space, or even rental income. This versatile property is priced at $600,000 and represents a rare chance to acquire an established, income-generating business with significant upside potential. The location in Bunnell, FL offers convenient access to major roadways and a strong local customer base. This turnkey operation is ideal for an experienced entrepreneur seeking a profitable venture or an investor looking for a solid return on investment. The property's combination of established businesses and extra space makes it a truly unique and attractive opportunity in the thriving Bunnell market. Serious inquiries are encouraged to explore this exceptional offering further. Financial statements and detailed operational information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.2566
    Latitude
    29.4647
    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
    $2,511
    $68,915
    $44,195
    $113,110
    -
    $68,915
    $44,195
    $113,110

    Comparable in this City

    • Value Estimation by Request
      8,640 SF

      2601 Moody Blvd

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      206 Deen Rd

      AUTO REPAIR, GARAGE • 1,540 SF
      206 Deen Rd, Bunnell, FL 32110-6016
      View Details
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      1,400 SF

      113 State St

      AUTO REPAIR, GARAGE • 1,400 SF
      113 State St, Bunnell, FL 32110-8025
      View Details
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      4,284 SF

      3351 Us Hwy 1st 1

      AUTO REPAIR, GARAGE • 4,284 SF
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      View Details
    • Value Estimation by Request
      2,250 SF

      10 Enterprise Dr

      AUTO REPAIR, GARAGE • 2,250 SF
      10 Enterprise Dr, Bunnell, FL 32110-4301
      View Details
    • Value Estimation by Request
      1,258 SF

      1803 Old Moody Blvd

      AUTO REPAIR, GARAGE • 1,258 SF
      1803 Old Moody Blvd, Bunnell, FL 32110-5933
      View Details

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    205 State St
    Bunnell, FL 32110-6103
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    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
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