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    Property profile & analytics

    213 10Th St Steinhatchee, FL 32359

    • Turn key restaurants
    • 1,676 SF
    • 0.42 lot acres
    For Sale
    View listing
    $395,000
    Last Sale
    Jan 15, 2020
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2130822
    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

    • Turn key restaurants

    Property Details for 213 10Th St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    1,676 SF
    Property type
    Turn key restaurants
    APN
    25-09-09-09841-000
    APU
    25090909841000

    Description

    McDavid's Cafe, a well-established Steinhatchee restaurant, is available for purchase. This turnkey operation boasts a loyal customer base, consistently high online reviews, and significant income potential. Currently serving breakfast and lunch, the restaurant comfortably seats 45 indoors, with ample outdoor space accommodating an additional 90+ patrons. The sale includes all equipment and inventory, minimizing disruption for the new owner. Opportunities abound to expand the business, such as adding a dinner menu, fully utilizing the outdoor seating area, or implementing new business strategies to capitalize on the busy scallop season and maintain consistent clientele year-round. The 1,676 square foot building sits on a 0.42-acre lot and benefits from all community utilities, including two RV hookups in the rear. Recent upgrades include a new HVAC system and fire suppression system, ensuring smooth operation. The asking price of $395,000 reflects a compelling opportunity in the thriving Steinhatchee market. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $195,000
      ML approach
      $200,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $174,000
      Market price range: $90.0k - $296k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $190,000
      Current use
      OFFICE BUILDING
      $225,000
      Change: +18% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $185,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $180,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Steinhatchee
    County
    Taylor
    State
    Florida
    Longitude
    -83.3787
    Latitude
    29.6702

    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
    $2,354
    $116,450
    $88,710
    $205,160
    -
    $116,450
    $88,710
    $205,160

    Comparable in this City

    • Value Estimation
      $545,000
      9,000 SF

      1306 Riverside Dr

      RESTAURANT • 9,000 SF
      1306 Riverside Dr, Steinhatchee, FL 32359-3454
      View Details
    • Value Estimation
      $245,000
      2,615 SF

      202 15th SE St

      RESTAURANT • 2,615 SF
      202 15th SE St, Steinhatchee, FL 32359
      View Details
    • Value Estimation
      $275,000
      5,159 SF

      108 1st SW Ave

      RESTAURANT • 5,159 SF
      108 1st SW Ave, Steinhatchee, FL 32359
      View Details
    • Value Estimation
      $80,000
      1,773 SF

      24016 Us 19th Hwy

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,773 SF
      24016 Us 19th Hwy, Steinhatchee, FL 32359-2175
      View Details
    • Value Estimation
      $280,000
      2,708 SF

      101 1st SW Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,708 SF
      101 1st SW Ave, Steinhatchee, FL 32359
      View Details
    • Value Estimation by Request

      103 15Th St

      Individual retail properties
      103 15Th St, Steinhatchee, FL 32359
      View Details

    Similar Nearby for Sale

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      Steinhatchee Commercial Land

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      Florida acreage near Steinhatchee, ideal for development.
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    • $799,000
      10,670 SF

      Prime Steinhatchee Commercial Property

      Turn-key commercial space with apartment.
      105 15Th St, Steinhatchee, FL 32359
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      Land near boat ramp, fishing, and upcoming waterfront development.
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      Desirable land near marina, boat ramp, and river views.
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      View Details
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    213 10Th St
    Steinhatchee, FL 32359
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    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
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