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    485 County Road 108 Bunnell, FL 32110

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    485 County Road 108 Bunnell, FL 32110

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    • Commercial real estate
    • 40.00 lot acres
    Off-Market
    Property ID
    US18-7094816
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 485 County Road 108

    Lot size
    40.00 lot acres
    Property type
    Commercial real estate
    APN
    33-12-29-5550-00120-0000

    Description

    This 40-acre Flagler County farm, located at 485 County Rd 108, Bunnell, FL 32110 (APN: 33-12-29-5550-00120-0000), presents a compelling investment opportunity. The property features sandy soils ideal for sod production or vegetable cultivation, consistent with its AC zoning. Currently under an active lease generating immediate income through June 2025, this farm boasts a history of productive yields. Situated in a tranquil rural setting, it offers convenient access to major Florida cities: approximately 35 miles from Daytona, 70 miles from Gainesville, and 75 miles from Jacksonville. The $880,000 asking price translates to $22,000 per acre, reflecting the strong appreciation of land values in this area. This is a chance to acquire a well-established agricultural property with significant growth potential in a thriving agricultural landscape. The property is classified as Investment ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bunnell
    County
    Flagler
    State
    Florida
    Longitude
    -81.3870821
    Latitude
    29.4158414

    Comparable in this City

    • $2,500,000
      Pending

      Flagler County 56-Acre Ranch

      Equine operation with multiple buildings, paddocks, and outdoor ring.
      3305 County Road 305, Bunnell, FL 32110
      View Details
    • $560,319
      5.00 Acres

      5 Acre Land with Residence

      5 acre parcel with under-construction residence in Bunnell, Florida.
      680 E Black Point Rd, Bunnell, FL 32110
      View Details
    • $39,900

      Land in Bunnell, Florida

      Land suitable for a manufactured home in Bunnell, Florida.
      1604 Holly Ln, Bunnell, FL 32110
      View Details
    • $289,900
      4.20 Acres

      BUNNELL, FL Land For Sale

      4.2 acre Flagler County land, approved for church build.
      1925 County Road 13, Bunnell, FL 32110
      View Details
    • $49,000
      1.17 Acres

      Spacious Parcel in Hastings, Florida

      High and dry 1.17-acre lot ready for development.
      1759 Beech Blvd, Bunnell, FL 32110
      View Details

    Similar Nearby for Sale

    • $2,500,000
      Pending

      Flagler County 56-Acre Ranch

      Equine operation with multiple buildings, paddocks, and outdoor ring.
      3305 County Road 305, Bunnell, FL 32110
      View Details
    • $560,319
      5.00 Acres

      5 Acre Land with Residence

      5 acre parcel with under-construction residence in Bunnell, Florida.
      680 E Black Point Rd, Bunnell, FL 32110
      View Details
    • $39,900

      Land in Bunnell, Florida

      Land suitable for a manufactured home in Bunnell, Florida.
      1604 Holly Ln, Bunnell, FL 32110
      View Details
    • $289,900
      4.20 Acres

      BUNNELL, FL Land For Sale

      4.2 acre Flagler County land, approved for church build.
      1925 County Road 13, Bunnell, FL 32110
      View Details
    • $49,000
      1.17 Acres

      Spacious Parcel in Hastings, Florida

      High and dry 1.17-acre lot ready for development.
      1759 Beech Blvd, Bunnell, FL 32110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Buildings with Secured Storage

      New industrial buildings with secured outdoor storage in Bunnell, Florida.
      2190 N State St, Bunnell, FL 32110
      View Details
    • $13 SF/Yr
      1,655 SF

      BUNNELL Office/Warehouse Unit For Rent

      Office/warehouse unit in Favoretta Business Center with ample parking.
      7775 Us Highway 1, Bunnell, FL 32110
      View Details
    • $1,850 /Mo
      1,000 SF

      Air-Conditioned Industrial Condo Unit

      1000 SF industrial condo with full air conditioning.
      2323 N State St, Bunnell, FL 32110
      View Details
    • $1,400 /Mo
      954 SF

      Retail Space in Bunnell, FL

      Commercial space on US-1, minutes from the beach. Flexible layout.
      502 N State St, Bunnell, FL 32110
      View Details
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    485 County Road 108
    Bunnell, FL 32110
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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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