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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Warehouses
408 9th St Bunnell, FL 32110-6932
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6274276
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Construction
CONCRETE BLOCKS
Total area
20,882 SF
Lot
1.64 ac (71,438 SF)
Zoning code
L-1
APN
10-12-30-4990-00000-0090
UPID
US18-6274276
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$1.77M
Owner & transaction history
Seyfert,c W JR & M H Trust · 6 yrs held
Seyfert,c W JR & M H Trust
since 2019
7 recorded transactions
Zoning & alternative use
L-1 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide areas in which the principal use of land is for light manufacturing, fabricating, and assembly plants, business, services, offices, retail, storage, warehousing, wholesaling and distribution. The intent of this district is to permit and regulate uses so that the noise, odor, dust, and glare of each operation is cont…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,535.73 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10%
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
$85 / 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
$22,111
Tax year 2023
Assessed value
$1,007,735
Assessed 2023
Previous assessed
$992,168
+1.6% YoY
Effective rate
2.19%
On assessed value
Assessed land
$180,400
Assessed improvement
$827,335
Land market value
$180,400
Improvement market value
$827,335
Total market value
$1,007,735
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
20,882 SF
Lot
1.64 ac (71,438 SF)
Zoning code
L-1
APN
10-12-30-4990-00000-0090
UPID
US18-6274276
Jurisdiction
FLAGLER
Zoning & alternative use
L-1 · Bunnell, FLZoning 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
Zoning description
The purpose of this district is to provide areas in which the principal use of land is for light manufacturing, fabricating, and assembly plants, business, services, offices, retail, storage, warehousing, wholesaling and distribution. The intent of this district is to permit and regulate uses so that the noise, odor, dust, and glare of each operation is controlled to prevent becoming a nuisance to adjacent land uses. These regulations are intended to prevent frictions between uses within the district and also to protect nearby residential districts. This district is compatible with the industrial land use designation.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,535.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Seyfert,c W JR & M H Trust
Trust
Mailing address
13 CLEMENT CT, PALM COAST, FL 32137-9045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
—
Seyfert,c W JR & M H Trust
Mystic Clothing LLC
Quit Claim Deed
related
—
Jul 13, 2017
—
Mystic Clothing LLC
—
Deed
related
$2,500,000 · Pnc Bk
Dec 20, 2013
$460,000
Mystic Clothing LLC
Dimare Building Corp
Warranty Deed
$368,000 · Pnc Bank
May 28, 2008
—
Dimare Building Corp
Dimare Construction
Quit Claim Deed
—
Nov 15, 2007
$375,000
Dimare Construction Co
Flagler Palm Partners LLC
Warranty Deed
—
Nov 15, 2006
$375,000
Flagler Palm Partners LLC
Morse Group LLC
Warranty Deed
—
Oct 20, 2005
$274,300
Morse Group LLC
Palm Industrial Park LLC
Warranty Deed
—
—
—
Mystic Clothing LLC
—
Deed Of Trust
related
$2,500,000 · Pnc Bk
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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