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Property profile & analytics
FOR SALE
Grocery and convenience stores
703 S State St Bunnell, FL 32110
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-3571152
For Sale
1 / 25
$1,600,000
703 S State St, Bunnell, FL 32110
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Property summary
AI-generated overview
This exceptional commercial property, located at 703 S State St in Bunnell, Florida (zip code 32110), offers 1,200 square feet of versatile office space. The single-tenant building is zoned for commercial use and situated in Flagler County. Its flexible design allows for adaptability to various business needs, making it suitable for traditional office, medical office, or creative office uses. The property is categorized as Retail, Office, and Special Purpose. The building is a single-story structure. Potential tenants have the option to lease the entire 1200 square foot space or potentially divide or expand the space to meet their specific requirements. Monthly rental rates range from $1200 to $1500, with an additional $150 per month in fees. The property enjoys a convenient location just off US 1, providing excellent accessibility and visibility. This presents a unique opportunity for businesses seeking a well-located, adaptable office space in a thriving community. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
CONCRETE BLOCKS
Total area
3,507 SF
Lot
0.7 ac (30,361 SF)
Zoning code
B-1
APN
10-12-30-0850-01790-0010
UPID
US18-3571152
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
-
Wood Art Furniture General Contractor
-
Financial Auto Group LLC Car Dealership
-
outcastz custom cycleworks Motorcycle Shop
-
Lil City Lounge Restaurant
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
Mct Petroleum INC · 19 yrs held
Mct Petroleum INC
since 2006
4 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
$11,184
Tax year 2023
Assessed value
$515,847
Assessed 2023
Previous assessed
$499,886
+3.2% YoY
Effective rate
2.17%
On assessed value
Assessed land
$183,905
Assessed improvement
$331,942
Land market value
$183,905
Improvement market value
$331,942
Total market value
$515,847
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,507 SF
Lot
0.7 ac (30,361 SF)
Zoning code
B-1
APN
10-12-30-0850-01790-0010
UPID
US18-3571152
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
1988
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Mct Petroleum INC
Entity
Mailing address
PO BOX 2685, BUNNELL, FL 32110-2685
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2018
—
Sibs Development INC
—
Deed
related
$4,750,000 · Ameris Bank
Jul 18, 2006
$1,050,000
Mct Petroleum INC
Gas Properties INC
Warranty Deed
$840,000 · Mainstreet Community Bank Of Florid
Dec 30, 1999
$800,000
Gas Properties INC
One Stop Oil Co
Grant Deed
—
—
—
Mct Petroleum INC
—
Deed Of Trust
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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