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    2301 Hwy Crescent City, FL 32112
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    2301 Hwy Crescent City, FL 32112

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2301 Hwy

    Year built
    1964
    Property type
    Retail properties & Spaces

    Description

    Exceptional investment opportunity: a 1964-built, 9,228 sq ft assisted living facility situated on an expansive 11.14-acre (485,258.4 sq ft) lot in Crescent City, Florida (32112). The single-story property boasts 26 resident rooms, each with access to 13 bathrooms. Amenities include a fireplace and large porch overlooking the grounds. This established business offers a unique blend of residential care and significant development potential. The property's substantial acreage allows for expansion opportunities, capitalizing on the growing demand for senior care in the area. The existing structure provides immediate income generation, while the ample land presents possibilities for future development. This turnkey operation presents a rare chance to acquire a thriving business with considerable upside. The property is located at 2301 HIGHWAY 17, Crescent City, FL. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crescent City
    County
    Putnam
    State
    Florida
    Longitude
    -81.5229
    Latitude
    29.4597

    Comparable in this City

    • Value Estimation by Request
      1,817 SF

      427 Smt St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,817 SF
      427 Smt St, Crescent City, FL 32112-2335
      View Details
    • Value Estimation by Request
      2,692 SF

      1843 County Rd 308

      NURSERY, GREENHOUSE, FLORIST • 2,692 SF
      1843 County Rd 308, Crescent City, FL 32112-4533
      View Details
    • Value Estimation by Request
      20.00 Acres

      2809 Us Hwy 17a21

      PARKING LOT • 20.00 Acres
      2809 Us Hwy 17a21, Crescent City, FL 32112-5316
      View Details
    • Value Estimation
      $610,000
      7,464 SF

      1315 County Rd 308

      WHOLESALE OUTLET, DISCOUNT STORE • 7,464 SF
      1315 County Rd 308, Crescent City, FL 32112-4427
      View Details
    • Value Estimation by Request
      560 SF

      831 Grv Ave

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      831 Grv Ave, Crescent City, FL 32112
      View Details
    • Value Estimation by Request
      1,903 SF

      6 Smt St

      RETAIL STORES (PERSONAL SERVICES) • 1,903 SF
      6 Smt St, Crescent City, FL 32112-2506
      View Details

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      Highway 17 Commercial Building

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Crescent City

      Retail space available for sublease in Crescent City, Florida.
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    • $3,000 /Mo
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      Crescent City Commercial Opportunity

      7,500 SF commercial building on Highway 17 in Crescent City.
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    • Contact for pricing

      Downtown Crescent City Commercial Space

      Spacious commercial building with showroom and back shop space.
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    • $3,000 /Mo
      7,500 SF

      Crescent City Commercial Opportunity

      7,500 sq ft showroom/warehouse on Highway 17, Crescent City.
      111 N Summit St, Crescent City, FL 32112
      View Details
    • $36,000

      Highway 17 Commercial Building

      7,500 SF building with showroom and warehouse space.
      111 N Summit St, Crescent City, FL 32112
      View Details
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    Crescent City, FL 32112
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    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
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