Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 1st SE Ave Steinhatchee, FL 32359-2687

    • Distribution properties
    • 1,440 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2022
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6118416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution properties

    Property Details for 1200 1st SE Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    1,440 SF
    Property type
    Distribution properties
    APN
    25-09-09-09708-100
    APU
    25090909708100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Steinhatchee
    County
    Taylor
    State
    Florida
    Longitude
    -83.3746
    Latitude
    29.6726

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,430
    $92,130
    $75,650
    $167,780
    -
    $92,130
    $75,650
    $167,780

    Comparable in this City

    • Value Estimation by Request
      4,672 SF

      35111 Us 98th W

      COM AUTO TRANS/STORAGE • 4,672 SF
      35111 Us 98th W, Steinhatchee, FL 32359
      View Details
    • Value Estimation by Request
      4,400 SF

      106 14th SE St

      DISTRIBUTION WAREHOUSE • 4,400 SF
      106 14th SE St, Steinhatchee, FL 32359
      View Details
    • Value Estimation by Request
      2,400 SF

      909 Bch Rd

      DISTRIBUTION WAREHOUSE • 2,400 SF
      909 Bch Rd, Steinhatchee, FL 32359-4418
      View Details
    • Value Estimation by Request
      3,129 SF

      4999 Hwy 358

      MINI-WAREHOUSE, STORAGE • 3,129 SF
      4999 Hwy 358, Steinhatchee, FL 32359-8108
      View Details
    • Value Estimation by Request
      1,404 SF

      4033 Hwy 358

      MANUFACTURING (LIGHT) • 1,404 SF
      4033 Hwy 358, Steinhatchee, FL 32359-8116
      View Details
    • Value Estimation by Request

      207 Ninth St

      Land
      207 Ninth St, Steinhatchee, FL 32359
      View Details

    Similar Nearby for Sale

    • $395,000
      1,676 SF

      Established Steinhatchee Restaurant & Property

      Turn-key cafe, high income potential, prime location.
      213 10Th St, Steinhatchee, FL 32359
      View Details
    • $45,000
      0.07 Acres

      Residential Lot in Steinhatchee, FL

      Residential lot with river views and private dock access.
      1 290 Ave, Steinhatchee, FL 32359
      View Details
    • $495,000
      12.06 Acres

      Spacious Fenced Land with Ponds

      12-acre Steinhatchee parcel with ponds and metal buildings.
      1313 2Nd St, Steinhatchee, FL 32359
      View Details
    • $315,000
      0.29 Acres

      Riverfront Lot Near Steinhatchee Landing

      Deep-water riverfront lot near Steinhatchee Landing and Ladds Landing.
      17Th St, Steinhatchee, FL 32359
      View Details
    • $58,500
      1.25 Acres

      Steinhatchee Vacant Lot For Sale

      1.25 acre vacant lot in quiet residential neighborhood.
      NE Oak Pond Cir, Steinhatchee, FL 32359
      View Details
    • $175,000
      0.34 Acres

      RV Ready Lot in Steinhatchee

      Income-producing RV lot near Steinhatchee River, marinas, and restaurants.
      8 4Th Ave, Steinhatchee, FL 32359
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 1st SE Ave
    Steinhatchee, FL 32359-2687
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.