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

    153rd Terrace Cedar Key, FL 32625

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Cedar Key, FL

    Lot size:
    0.93 Acres
    Added:
    Mar 7, 2024
    Days on Market:
    770
    Last Refresh:
    Apr 16 at 4:06 am

    Property Features for 153rd Terrace

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Out of County
    Standard status
    Active
    APN
    1689600000
    Lot size
    0.93 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    17-15-13 CEDAR KEY PLANTATION LOT 94 OR BOOK 757 PAGE 336
    Tax Annual Amount
    272

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Katie Spires

    Listing agent Katie Spires License #3235260

    Listing office Keller Williams Realty - Elite Partners II 105 W Main St, Spring hill, FL

    Listing date Mar 7, 2024

    MLS# 831806 Listing URL

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cedar Key Buildable Land Parcel

    This nearly one-acre parcel is located in Cedar Key Plantation, offering an opportunity for Old Florida living. The buildable homesite is approximately 3 minutes from Downtown Cedar Key. Modular homes are allowed, and all homes must be built on stilts. A 3-month minimum rental restriction is in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.028615
    Latitude
    29.178094

    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

      Unique Island Restaurant Opportunity

      Iconic waterfront building in Cedar Key ready for restoration.
      450 Dock 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
    • $179,000

      Cedar Key Vacant Lots

      Prime property in a picturesque coastal town with water views.
      3 Lots 3rd St, 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
    • $199,000

      Oversized Island Parcel with Water Access

      Spacious property with water access near downtown Cedar Key.
      12 Lots 3rd St, Cedar Key, FL 32625
      View Details
    • $625,000

      50-Acre Coastal Land Parcel

      Cleared 50-acre land parcel near Cedar Key, Florida.
      SHILOH ROAD, CEDAR KEY, FL 32625
      View Details
    • $115,000

      Corner Lot in Cedar Key

      Corner lot with potential for custom home and island views.
      Watson Cir, Cedar Key, FL 32625
      View Details

    FAQs

    What type of property is this?
    Land - Nearly one-acre homesite, close to downtown Cedar Key.
    Where is this land located?
    The property is located at 153rd Terrace Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Nearly 1 acre parcel in Cedar Key Plantation.; Buildable home site.; Approximately 3 mins from Downtown Cedar Key.
    (352) 212-3673
    We can help!
    Listing Contact
    Katie Spires
    Real Estate License ID: 3235260
    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!