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Bunnell 32110
3335 Steel Rail DRIVE
$350,000
● Land - Off Market

3335 Steel Rail DRIVE

BUNNELL, FL 32110
bedrooms
Studio
bathrooms
0 Bath
$2,398
Est. Monthly
2.22%
Cap Rate

About This Property

This ready-to-build parcel situated in Steel Rail Industrial Park within the business-friendly City of Bunnell, FL, presents a myriad of possibilities for expanding, relocating, or starting your business. With industrial zoning allowing for various uses such as heavy equipment storage, light manufacturing, fabrication, warehousing, and commercial ventures, this lot is primed for development.  Offering 1.66 buildable acres, this lot is ideal for your growing business.  Property has a fence surrounding 3 sides and a survey is on file. The infrastructure is already in place with roads, utilities, and clearing completed, making it ready for construction. Conveniently located near US-1 at the Palm Coast and Bunnell border, this opportunity won't last long-act now!
Unit Size
-
Days on Market
74 days
Land Size
2.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
$434
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #FC299965)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Apr 28, 2024 In contract -
In contract
Apr 15, 2024 Listed by COASTAL GATEWAY REAL ESTATE GROUP $399,900
Listed by COASTAL GATEWAY REAL ESTATE GROUP
May 27, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 110,207
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: STEEL RAIL INDUSTRIAL PARK
  • Land Acres: 0000002530
  • Standard Land Use Code: 8003
  • County Land Use Code: 004000
  • State Land Use Code: 40
  • Legal Description 1: STEEL RAIL INDUSTRIAL PARK REPLAT MB 37 PG 55 LOT 4 2.53 ACRES

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060206

Zoning

  • Zoning: L-1

Geography

  • Parcel: 34-11-30-5736-00000-0040
  • Lot: 4
  • Meridian: SEC 34 TWN 11S RNG 30E
  • Municipality: BUNNELL
  • Latitude: 29.5084
  • Longitude: -81.2712

    Address

  • Full Address: 3335 Steel Rail Dr
  • Address - House Number: 3335
  • Address - Street Name: Steel Rail
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Bunnell
  • Carrier Code: R004
  • 4-Digit Zip Code: 0018
  • Zip Code: 32110

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $429,884
  • Tax Rate Code Area: 013

    Market Valuation

  • Market Total Value: $199,468
  • Market Land Value: $199,468

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $199,468
  • Assessed Land Value: $199,468

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: May 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021029341
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bunnell

Stats & Trends

Median Asking:

$292,990

Sale Price/ft²

$186

Below Asking

0.03%

Average Days on Market

101

Average Home Size

1612 ft²

Average Home Age

11.6 years

Currently For Sale

33 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: LYNETTE DAVIS
COASTAL GATEWAY REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC299965
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3335 Steel Rail Drive built and last sold?
The property at 3335 Steel Rail Drive was built in and last sold on May 25, 2021 for $215,000.
How much is this home worth?
The estimated value of the home located at 3335 Steel Rail Drive is $0.
What are some comparable homes to 3335 Steel Rail Drive?
There are currently no comparable homes to 3335 Steel Rail Drive.
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