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Property profile & analytics
OFF-MARKET
Retail space
401 State St Bunnell, FL 32110-8094
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2493217
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
CONCRETE BLOCKS
Total area
4,704 SF
Lot
0.36 ac (15,464 SF)
Zoning code
B-1
APN
10-12-30-0850-01760-0110
UPID
US18-2493217
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
-
Anthony's Fish Specialty Food Shop Fish Market
-
Mohawk Custom Cycles Motorcycle Shop
-
Lux bar & Boutique Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Malagisi Enterprise INC · 5 yrs held
Malagisi Enterprise INC
since 2021
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
B-1 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this business commercial district is to guide and regulate commercial uses including personal and business services and general retail business. It is the intent of this district to allow a wide range of commercial uses, provide for a medium to high concentration of commercial activity, and ensure compatibility with the adjacent properties, an…
Zone name
Business District
General category
MIXED_USE
Zone area
454.39 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,682
Tax year 2023
Assessed value
$301,000
Assessed 2023
Previous assessed
$301,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed improvement
$301,000
Improvement market value
$301,000
Total market value
$301,000
Applied tax rate
14.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
4,704 SF
Lot
0.36 ac (15,464 SF)
Zoning code
B-1
APN
10-12-30-0850-01760-0110
UPID
US18-2493217
Jurisdiction
FLAGLER
Zoning & alternative use
B-1 · Bunnell, FLZoning B-1 · permitted uses
B-1 · Bunnell, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this business commercial district is to guide and regulate commercial uses including personal and business services and general retail business. It is the intent of this district to allow a wide range of commercial uses, provide for a medium to high concentration of commercial activity, and ensure compatibility with the adjacent properties, and allow the potential for mixed use commercial and residential development. This district is compatible with the commercial and commercial high land use categories.
Zone name
Business District
General category
MIXED_USE
Zone area
454.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Malagisi Enterprise INC
Entity
Mailing address
15 COCONUT CT, PALM COAST, FL 32137-8337
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$450,000
Malagisi Enterprise INC
Tj Plaza LLC
Warranty Deed
$337,500 · Intracoastal Bank
Feb 4, 2010
$286,000
Tj Plaza LLC
Giarretta,john
Warranty Deed
—
Aug 27, 2009
$400,000
John Giarretta
Dixon,rhon A
Warranty Deed
—
Feb 10, 2003
$200,000
Rhon A Dixon
Dodgen,charles H & Mona M
Grant Deed
$175,000 · Charles H & Mona M Dodgen
—
—
Rhon A Dixon
—
Deed Of Trust
related
$75,000 · John Giarretta
—
—
Rhon A Dixon
—
Deed Of Trust
related
$80,000 · John Giarretta
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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