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Financial
Distress signals
Property profile

350 N Summit St Crescent City, FL 32112

FOR SALE
Office buildings
Property ID
US18-2642691
1,203 SF 0.45 ac lot Built 1959
Last sale Feb 2022 · $2,523,750
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This former bank building at 350 N Summit Street in downtown Crescent City contains approximately 3,200+ square feet of flexible commercial space on an approximately 0.67-acre site, built in 1986. The interior layout includes a lobby/teller area, multiple private offices, two drive-through lanes, and a secure built-in vault. The building is positioned in a high-visibility, high-traffic area and provides access from two entrances. Site utilities include city water and sewer, with natural gas…

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

What does the county charge?
Assessed value · 2023$100k

Value estimate

· Oct 2026
$90k
$81k – $99k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$15k
Operating expenses−$14k
NOI · 4.51% cap applied$43k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
County average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$96 – $211
Qualifying comparables5

Cap rate analysis

How does the asset earn?
4.51%
$43k 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.

JurisdictionPUTNAM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.2
Garden Center8.4
Law Firm8.3

Location

350 N Summit St Crescent City, FL 32112
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales 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

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
241 Smt, Crescent City, FL 32112-2743 $80,000 Mar 2024 1,372 SF
330 Smt, Crescent City, FL 32112-2334 $250,000 Apr 2023 1,417 SF
320 Smt, Crescent City, FL 32112-2334 $250,000 Apr 2023 861 SF
231 Smt, Crescent City, FL 32112-2743 $48,000 Feb 2021 1,454 SF
315 Smt, Crescent City, FL 32112-2333 $110,000 Jan 2021 968 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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