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Property profile

12685 State Rd 24 Cedar Key, FL 32625

OFF-MARKET
Hotels
Property ID
US18-3743586
416 SF 0.66 ac lot Built 1956
Last sale Jul 2018 · $310,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is commercially zoned and is suitable for use as a hotel or motel. Located in Cedar Key on a chain of barrier islands, it consists of eight stand-alone, 1950’s “cracker-style” cottages arranged along the back bay of the Gulf of Mexico. The cottages are on a historic registry and retain original character. The property sustained damage from Hurricane Helene in 2024; at the time of description, two cottages were fully functional and a third was nearing completion as part of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$457k
Effective rate2.42%

Value estimate

· Oct 2026
$365k
$329k – $402k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Supply8.7
Garden Center8.3
Dry Cleaner8.1

Location

12685 State Rd 24 Cedar Key, FL 32625
County assessor Recorded deeds · 4 transfers 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 · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12050 State Rd 24, Cedar Key, FL 32625-4796 $834,700 Apr 2022 3,548 SF
873 1st, Cedar Key, FL 32625-5035 $1,930,000 Dec 2019 10,565 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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