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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Life science properties
3235 State St Bunnell, FL 32110-4364
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8478425
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2002
Construction
STEEL FRAME
Total area
13,900 SF
Lot
6.77 ac (294,945 SF)
Zoning code
L-1
APN
34-11-30-0115-00000-00B0
UPID
US18-8478425
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Yellowstone Landscape Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Grp 3235 Bunnell LLC · 1 yrs held
Grp 3235 Bunnell LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
L-1 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bunnell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bunnell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,500,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,585,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,275,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,505,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,430,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Sep 4 2024)
Last sale anchor
$2.10M
Sep 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,686
Tax year 2023
Assessed value
$976,844
Assessed 2023
Previous assessed
$976,844
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$215,881
Assessed improvement
$760,963
Land market value
$215,881
Improvement market value
$760,963
Total market value
$976,844
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,900 SF
Lot
6.77 ac (294,945 SF)
Zoning code
L-1
APN
34-11-30-0115-00000-00B0
UPID
US18-8478425
Jurisdiction
FLAGLER
Zoning & alternative use
L-1 · Bunnell, FL
Zoning L-1 · permitted uses
L-1 · Bunnell, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bunnell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.3M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
6.77 ac
Current owner
From public records · entity-resolved
Grp 3235 Bunnell LLC
Entity
Mailing address
1212 YORK RD STE C300, LUTHERVILLE, MD 21093-6274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Grp 3235 Bunnell LLC
—
Deed
related
$25,850,000 · Beverly Bank & Trust Co NA
Sep 4, 2024
$2,100,000
Grp 3235 Bunnell LLC
Gcg Properties LLC
Special Warranty Deed
—
Feb 12, 2019
—
Gcg Properties LLC
—
Deed
related
$25,000 · Riverview Bank
Feb 10, 2014
$1,950,000
Gcg Properties LLC
Austin Re Holdeo LLC
Warranty Deed
$1,462,500 · Wells Fargo Bank NA
May 1, 2013
—
Vre Holdco INC
Austin Re Holdco LLC
Quit Claim Deed
related
—
Dec 29, 2008
—
Austin Re Holdco LLC
Owner Name Unavailable
Warranty Deed
related
—
Sep 13, 2006
$1,800,000
Austin Outdoor LLC
Verdego INC
Warranty Deed
$2,000,000 · Colonial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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