Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 8 8a Hodges Ave Cedar Key, FL 32625

    View on Map
    Pending
    $139,000

    Lots & Acreage - Cedar Key, FL

    Lot size:
    0.83 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 4 at 6:06 pm

    Property Features for Lot 8 8a Hodges Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    None
    Standard status
    Pending
    APN
    1454200000
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1809.97

    Utilities

    Water front features
    Waterfront, 100 Feet Of Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Vanessa Edmunds

    Listing agent Vanessa Edmunds

    Listing office Cedar Key Realty, Inc. P.O. Box 7, Cedar Key, FL

    Listing date Jan 27, 2026

    MLS# 794010 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Acreage in Cedar Key

    This 0.83-acre property is located in Cedar Key, Florida. The elevated lot overlooks the salt marsh and its wildlife. The property is suitable for building a custom home, potentially avoiding the need for high stilts due to its natural elevation. Residents can enjoy views and sounds of local wildlife. Downtown shops, restaurants, art center, library and museums are accessible via sidewalk or a short golf cart ride. The property offers access to the area's "Old Florida" charm.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Auto Parts Store Department Store Hotel & Motel Electronics & Wireless Store Grocery & Convenience Store Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.040928
    Latitude
    29.149224

    Nearby Similar for Sale

    • $349,000
      1,296 SF

      Downtown Cedar Key Commercial Building

      Unfinished commercial building in downtown Cedar Key with endless possibilities.
      509 2nd St, Cedar Key, FL 32625
      View Details
    • $679,000
      8,961 SF

      Gulf Front Restaurant Opportunity

      Iconic Cedar Key restaurant location ready for restoration or reconstruction.
      450 Dock St, Cedar Key, FL 32625
      View Details
    • $199,000
      7,000 SF

      Historic Woolworth Building in Cedar Key

      Landmark commercial building in downtown Cedar Key with restoration potential.
      TBD 2nd St, Cedar Key, FL 32625
      View Details
    • $239,000
      600 SF

      Commercial Building in Downtown Cedar Key

      Versatile commercial building with endless possibilities in Cedar Key.
      7050 C Street, Cedar Key, FL 32625
      View Details
    • $875,000
      1,470 SF

      Waterfront Duplex in Cedar Key

      Waterfront duplex on 0.51 acres, turn-key rental investment.
      11918 State Rd 24, Cedar Key, FL 32625
      View Details
    • $70,000

      Corner Commercial Lot For Sale

      1.19-acre corner lot with C-2 zoning near SR-24.
      Tbd SW STATE ROAD 24, CEDAR KEY, FL 32625
      View Details
    • $79,000

      Highway-Front Commercial Parcel Near Cedar Key

      1.13-acre commercial land with highway frontage near Cedar Key.
      SW STATE ROAD 24, CEDAR KEY, FL 32625
      View Details
    • $429,000

      Gulf Front Lot on Island

      2.43-acre Gulf front lot with potential for custom homestead.
      16730 Airport Rd, Cedar Key, FL 32625
      View Details
    • $139,000

      Historic Site in Cedar Key

      Premier site in historic downtown Cedar Key with redevelopment potential.
      433 2nd St, Cedar Key, FL 32625
      View Details
    • $525,000

      Waterfront Lots in Cedar Key

      Buildable waterfront lots with Gulf views in Cedar Key, Florida.
      SW 136 PLACE, CEDAR KEY, FL 32625
      View Details
    • $779,000

      Waterfront Island Property in Cedar Key

      Exclusive waterfront island property with deep water access and sunrise/sunset views.
      11750 Rye Key Dr, Cedar Key, FL 32625
      View Details
    • $139,000

      Main Street Development Opportunity

      Prime commercial lot in Cedar Key's historic downtown.
      445 2nd St, Cedar Key, FL 32625
      View Details

    FAQs

    What type of property is this?
    Land - Elevated 0.83-acre lot with marsh views in historic Cedar Key.
    Where is this land located?
    The property is located at Lot 8 8a Hodges Ave Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: .83‑acre waterfront property in Cedar Key, Florida.; Elevated lot avoids the need for high stilts.; Located on a hill overlooking the salt marsh with wildlife views.
    (352) 210-1155
    We can help!
    Listing Contact
    Vanessa Edmunds
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!