Building Details

Year Built 1973

Listing Agency: TIMBER TO TIDES REALTY LLC

Listed By: ANDREW REED MATHEWS · License #3384627 Show Phone

Source: Viewhomesonameliaisland

Added: May 3 Changed: Oct 1 Last Checked: Oct 24 at 5:04PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TIMBER TO TIDES REALTY LLC

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This restaurant property is presented for sale with dual frontage and access from both CR 309 and CR 308, providing two points of arrival for customers or service routing.

The surrounding area is described as somewhat bikeable (BikeScore 28) and car-dependent (WalkScore 4), which can be relevant for tenant operations and customer access planning.

Key Highlights

• Restaurant property built in 1973
• Dual frontage with access from CR 309 and CR 308

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,549

Cap Rate

2.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$710,980 $711.0K

Cap Rate 7%

$507,843 $507.8K

Cap Rate 9%

$394,989 $395.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,205 SF

Gross rent

$50.0K $15.60/SF

− Vacancy

−$2.6K −$0.81/SF

EGI

$47.4K $14.79/SF

− OpEx

−$11.8K −$3.70/SF

NOI

$35.5K $11.09/SF

Area

Putnam County, FL

Vacancy

5.20%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$710,980

Cap Rate 7%

$507,843

Cap Rate 9%

$394,989

Alternative Uses

Best Use

Specialty Retail

$507.8K

$444.4K – $592.5K (±1% cap)

NOI $35,549 @ 7.0% cap · market cap 2.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$834.7K

$730.3K – $973.8K (±1% cap)

NOI $58,427 @ 7.0% cap · market cap 4.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32112, FL

7,460

Population

3,866

Households

1.9

Avg Household Size

45

Median Age

10%

College-Educated

69%

High-School Grad

51.5 sq mi

ZIP Area

145

Density / Sq Mi

$39,247

Median Household Income

$27,238

Median Earnings

$743

Median Rent

$150,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property with dual frontage and access from two county roads.

Where is this conventional restaurant located?

The property is located at 1148 Co Rd 309 1 Crescent City, FL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Restaurant property built in 1973; Dual frontage with access from CR 309 and CR 308