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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Turn key restaurants
602 Moody Blvd Bunnell, FL 32110-8423
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5068390
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
STEEL FRAME
Total area
3,012 SF
Lot
0.35 ac (15,115 SF)
Zoning code
B-2
APN
10-12-30-0850-00640-0010
UPID
US18-5068390
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
-
Rednick Rick's Cooking Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Ag Investing INC · 1 yrs held
Ag Investing INC
since 2025
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
B-2 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this business commercial district is to facilitate the transition from a residential district to a business district which may require separate buildings or a group of buildings surrounded by landscaping and open areas. It is the intent of this district to encourage a commercial district that is urban in nature and which supports the residenti…
Zone name
Business District
General category
COMMERCIAL
Zone area
45.93 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.6M
+56.4%
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
$1,290,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,015,000
Current use
COMMERCIAL (GENERAL)
$1,590,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$890,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.50M (Oct 4 2021)
Last sale anchor
$1.50M
Oct 4 2021
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
$465 / 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
$5,729
Tax year 2023
Assessed value
$316,981
Assessed 2023
Previous assessed
$239,127
+32.6% YoY
Effective rate
1.81%
On assessed value
Assessed land
$63,491
Assessed improvement
$253,490
Land market value
$63,491
Improvement market value
$253,490
Total market value
$316,981
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
3,012 SF
Lot
0.35 ac (15,115 SF)
Zoning code
B-2
APN
10-12-30-0850-00640-0010
UPID
US18-5068390
Jurisdiction
FLAGLER
Zoning & alternative use
B-2 · Bunnell, FLZoning B-2 · permitted uses
B-2 · 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 facilitate the transition from a residential district to a business district which may require separate buildings or a group of buildings surrounded by landscaping and open areas. It is the intent of this district to encourage a commercial district that is urban in nature and which supports the residential population of the city. This district is compatible with the commercial and commercial low land use categories.
Zone name
Business District
General category
COMMERCIAL
Zone area
45.93 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$890,000
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Ag Investing INC
Entity
Free & Clear · 1 yrs held
Mailing address
8601 E CHURCH ST, HASTINGS, FL 32145-3901
Ownership since
2025
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
Jul 3, 2025
$1,394,600
Ag Investing INC
Trailco Group INC
Warranty Deed
—
Oct 4, 2021
$1,500,000
Trilco Group INC
Bunnell Business Center LLC
Warranty Deed
—
Jun 3, 2019
—
Bunnell Business Center LLC
—
Deed
related
$660,000 · Silver Hill Fndg LLC
Jun 13, 2018
$700,000
Bunnell Business Center LLC
Alkhoury Prop Mgmt INC
Grant Deed
$449,000 · Pat De Santis
—
—
Bunnell Business Center LLC
—
Deed Of Trust
related
$660,000 · Silver Hill Fndg LLC
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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