505 3RD STREET, Cedar Key, FL 32625
Mixed Use - CEDAR KEY, FL
- Added:
- May 6, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 21 at 4:06 pm
Property Features for 505 3RD STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Property condition
- New Construction
- Zoning
- MIXED USE
- Standard status
- Active
- APN
- 08600-001-00
- Size
- 2,330 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2289
Utilities
- Cooling system
- Ductless, Multi Units
Building Details
- Year built
- 1940
- Architectural style
- Other
Listing agent Shasta Schoellhorn License #3484708 (352) 335-4999
Listing office COLDWELL BANKER M.M. PARRISH REALTORS 5830 NW 39 AVE, Gainesville, FL (352) 335-4999
Listing date May 6, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Established restaurant space on the ground level.
- Two finished apartments provide rental income.
- Steps from the marina and coastal attractions.
- Strong tourism traffic.
- Walkable location.
- Limited commercial inventory in a tightly held coastal market.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $16.80 |
| − Vacancy | −$2.2k | −$0.92 |
| EGI | $37.0k | $15.88 |
| − OpEx | −$9.2k | −$3.97 |
| NOI | $27.7k | $11.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cedar Key
- County
- Levy
- State
- Florida
- Longitude
- -83.032902
- Latitude
- 29.13733
