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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Outlet malls
700 State St Bunnell, FL 32110-5698
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-6460602
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Construction
STEEL FRAME
Total area
7,500 SF
Lot
0.99 ac (43,212 SF)
Zoning code
B-1
APN
10-12-30-0850-01660-0010
UPID
US18-6460602
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
-
Quick King Food Store Grocery & Convenience Store
-
Save - A - Lot Buildings, LLC Construction Company General Contractor
-
Citgo Gas Station
-
ATM Atm
-
Flagler County Surplus & Salvage Building materials LLC Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Bob Lacasse & Co LLC · 7 yrs held
Bob Lacasse & Co LLC
since 2018
5 recorded transactions
Zoning & alternative use
B-1 · Bunnell, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+7.1%
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%
$1,795,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,305,000
Current use
WAREHOUSE, STORAGE
$1,395,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$161 / 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
$11,402
Tax year 2023
Assessed value
$513,592
Assessed 2023
Previous assessed
$513,592
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$216,023
Assessed improvement
$297,569
Land market value
$216,023
Improvement market value
$297,569
Total market value
$513,592
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
7,500 SF
Lot
0.99 ac (43,212 SF)
Zoning code
B-1
APN
10-12-30-0850-01660-0010
UPID
US18-6460602
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
2022
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Bob Lacasse & Co LLC
Entity
Mailing address
448 OLD HAW CRK RD, BUNNELL, FL 32110-5646
Ownership since
2018
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
Dec 5, 2019
—
Bob Lacasse & Co LLC
—
Deed
related
$325,000 · Malagisi Ent INC
Aug 1, 2019
—
Hari Oam 2 LLC
—
Grant Deed
related
$4,445,000 · City Nat'l Bk/fl
Sep 5, 2018
$265,000
Bob Lacasse & Co LLC
Malagisi Ent INC
Warranty Deed
$162,000 · Malagisi Ent INC
Jul 30, 2018
—
Malagisi Ent INC
Malagisi,gerardo & Maria K
Quit Claim Deed
related
—
—
—
Bob Lacasse & Co LLC
—
Deed Of Trust
related
$325,000 · Malagisi Ent INC
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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