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    Property profile & analytics

    12050 State Rd 24 Cedar Key, FL 32625-4796

    • Hotels
    • 3,548 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 20, 2022
    $834,700
    Location Intelligence
    Property ID
    US18-9661202
    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

    • Hotels

    Property Details for 12050 State Rd 24

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.42 lot acres
    Property size
    3,548 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    39500000
    APU
    39500000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.0312
    Latitude
    29.1523
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    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
    $15,738
    $0.00
    $0.00
    $722,936
    -
    $288,000
    $434,936
    $722,936

    Comparable in this City

    • Value Estimation by Request
      10,565 SF

      873 1st St

      HOTEL/MOTEL • 10,565 SF
      873 1st St, Cedar Key, FL 32625-5035
      View Details
    • Value Estimation by Request
      3,906 SF

      410 2nd St

      HOTEL/MOTEL • 3,906 SF
      410 2nd St, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      1,289 SF

      849 3rd St

      HOTEL/MOTEL • 1,289 SF
      849 3rd St, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      416 SF

      12685 State Rd 24

      HOTEL/MOTEL • 416 SF
      12685 State Rd 24, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      884 SF

      12633 State Rd 24

      HOTEL/MOTEL • 884 SF
      12633 State Rd 24, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      7,600 SF

      373 2nd St

      HOTEL/MOTEL • 7,600 SF
      373 2nd St, Cedar Key, FL 32625
      View Details

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      Waterfront lot suitable for residential or commercial development.
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    12050 State Rd 24
    Cedar Key, FL 32625-4796
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    Realmo Value Estimation

    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.

    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.

    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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