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    2251 Old Dixie Hwy Bunnell, FL 32110-5897
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    Property profile & analytics

    2251 Old Dixie Hwy, Bunnell, FL 32110-5897

    View on Map
    • Turn key restaurants
    • 7,829 SF
    • 8.59 lot acres
    Off-Market
    Last Sale Jun 1, 2021
    $650,000
    Property ID
    US18-4103882
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2251 Old Dixie Hwy

    Year built
    1973
    Construction
    CONCRETE BLOCKS
    Lot size
    8.59 lot acres
    Zone code
    C-2
    Property type
    Turn key restaurants
    APN
    03-13-31-0650-000A0-0091
    APU
    0313310650000A00091

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2021 — 2251 S Old Dixie Hwy LLC — Deed · related $400k · A&s Capital LLC
    Jun 1, 2021 $650,000 2251 S Old Dixie Hwy LLC Ajmal M Zulali Warranty Deed $175k · Ajmal M Zulali Etal
    Dec 18, 2017 $300,000 Ajmal M Zulali Krenbeh,thomas A Quit Claim Deed · related —
    Nov 12, 2013 $500,000 Ajmal M Zulali Wells Fargo Bk NA Grant Deed —
    Aug 20, 2012 $100,100 Fargo Bk NA Wells Poonam Properties INC Coc Trustees Deed · related —
    Nov 4, 1997 $2,400,000 Poonam Properties INC Old Dixie Group INC Grant Deed $1.2M · Money Store Commercial Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $596,000
      Market price range: $596k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.16
    Latitude
    29.4055
    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
    $4,302
    $174,685
    $126,795
    $301,480
    -
    $174,685
    $126,795
    $301,480

    Comparable in this City

    • Value Estimation
      $1,400,000
      3,012 SF

      602 Moody Blvd

      RESTAURANT
      602 Moody Blvd, Bunnell, FL 32110-8423
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    • Value Estimation by Request
      3,088 SF

      603 State St

      RESTAURANT
      603 State St, Bunnell, FL 32110-6001
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    • Value Estimation by Request
      1,650 SF

      109 State St

      RESTAURANT
      109 State St, Bunnell, FL 32110-6187
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    • Value Estimation by Request
      7,849 SF

      4701 Moody Blvd

      RESTAURANT
      4701 Moody Blvd, Bunnell, FL 32110-7703
      View Details
    • Value Estimation by Request
      1,280 SF

      410 State St

      RESTAURANT
      410 State St, Bunnell, FL 32110-6106
      View Details
    • Value Estimation
      $605,000
      4,735 SF

      208 State St

      RESTAURANT
      208 State St, Bunnell, FL 32110-8023
      View Details

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      28,000+ SqFt building on 18+ acres near I-95.
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    • Contact for pricing
      7,849 SF

      SR 100 Commercial Property

      Commercial property suitable for restaurant, sports bar, or nightclub.
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      View Details
    • $2,600,000
      15,888 SF

      Bunnell Mixed-Use Investment

      High-Occupancy Retail & Office Complex
      4750 Moody Blvd, Bunnell, FL 32110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      New Construction Restaurant/Office Space

      New construction restaurant/office space available June 2025.
      2350 Commerce Pkwy, Bunnell, FL 32110
      View Details
    • $22,200

      Retail Space For Rent

      Retail space available for lease in Bunnell, Florida.
      2323 N State St, Bunnell, FL 32110
      View Details
    • $1,300 /Mo
      954 SF

      Retail Space in Bunnell, FL

      Commercial space on US-1, minutes from the beach. Water/electric included.
      502 N State St, Bunnell, FL 32110
      View Details
    • $1,850 /Mo
      1,000 SF

      Air-Conditioned Industrial Condo Unit

      1000 SF industrial condo with full air conditioning.
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      View Details
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    Bunnell, FL 32110-5897
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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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