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Property profile & analytics
OFF-MARKET
Strip malls
45 Dr Martin Luther King Jr Ave, Bunnell, FL 32110
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6493391
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
STEEL FRAME
Total area
3,840 SF
Lot
0.55 ac (23,958 SF)
Zoning code
B-1
APN
10-12-30-0850-01680-0060
UPID
US18-6493391
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jotina Holdings LLC · 2 yrs held
Jotina Holdings LLC
since 2024
Last sale
$375,000
5 recorded transactions
Zoning & alternative use
B-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
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
$7,242
Tax year 2023
Assessed value
$326,222
Assessed 2023
Previous assessed
$326,222
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$78,028
Assessed improvement
$248,194
Land market value
$78,028
Improvement market value
$248,194
Total market value
$326,222
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,840 SF
Lot
0.55 ac (23,958 SF)
Zoning code
B-1
APN
10-12-30-0850-01680-0060
UPID
US18-6493391
Jurisdiction
FLAGLER
Zoning & alternative use
B-1 · Bunnell, FL
Zoning 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
Bunnell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Jotina Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1105 LAMBERT AVE, FLAGLER BEACH, FL 32136-3041
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Jotina Holdings LLC
Joseph A Portal
Intrafamily Transfer
related
—
Aug 30, 2022
$375,000
Joseph A Portal
Abdi LLC
Warranty Deed
—
Oct 3, 2006
$385,000
Abdi LLC
Budnik,maxim
Warranty Deed
—
Mar 1, 2005
$180,000
Maxim Budnik
Walker,jack
Warranty Deed
$135,000 · Harbor Fsb
Nov 16, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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