Financial
Distress signals
Property profile

505 3Rd St Cedar Key, FL 32625

FOR SALE
Other investment properties
Property ID
US18-2054171
1,040 SF Built 1940
Last sale Sep 2021 · $110,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use property is located in Cedar Key, Florida, within walking distance of the marina and coastal attractions. The ground level contains an established restaurant space (Fishbonz), and the building also includes two finished residential apartments. The property is configured to support both food-and-beverage use at street level and residential occupancy in the upper units.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$162k
Effective rate2.22%

Value estimate

· Sep 2026
$110k
$99k – $121k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 7.93% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$155/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$60 – $310

Cap rate analysis

How does the asset earn?
7.93%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLEVY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply8.5
Garden Center8.2
Dry Cleaner8.1

Location

505 3Rd St Cedar Key, FL 32625
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
589 2nd, Cedar Key, FL 32625 $550,000 Dec 2025 2,043 SF
409 2nd, Cedar Key, FL 32625 $660,000 Jul 2024 2,250 SF
510 2nd, Cedar Key, FL 32625-5120 $350,000 Feb 2023 1,012 SF
574 2nd, Cedar Key, FL 32625 $200,000 Nov 2019 880 SF
3011 D, Cedar Key, FL 32625 $100,000 Jul 2019 720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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