Financial
Distress signals
Property profile

11918 State Road 24 Cedar Key, FL 32625

FOR SALE
Other apartment buildings
Property ID
US18-4512354
1,470 SF 0.51 ac lot Built 1985
Individually Owned Owner of record is an individual. 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A waterfront multi-family (duplex) residence in Cedar Key, Florida (Levy County), situated on 0.51 acres. The elevated, stilt-built structure contains two units, with each unit configured as 2 bedrooms and 1 bathroom, providing 1,470 sq. ft. of cooled living space and approximately 3,552 sq. ft. total area. The property includes two covered parking spaces per unit and features a private dock for boating, fishing, and other water activities, along with water views. It is zoned in a way that may permit additional development, potentially allowing up to four total 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?
$6k
Tax billed · 2023
Assessed value$304k
Effective rate2.04%

Value estimate

· Sep 2026
$380k
$342k – $418k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 4.11% cap applied$35k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
4.11%
$35k 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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store8.2
Fish Market7.2
Wholesale Shop6.9

Location

11918 State Road 24 Cedar Key, FL 32625
County assessor Recorded deeds · not on file 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

2 recorded sales · 5 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13449 Airport, Cedar Key, FL 32625-4868 $50,000 Mar 2022 4,920 SF
640 6th, Cedar Key, FL 32625 $585,000 Dec 2021 3,735 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
3 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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