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Property profile & analytics
FOR SALE
Banks
350 N Summit St Crescent City, FL 32112
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4736605
For Sale
1 / 27
$949,000
350 N Summit St, Crescent City, FL 32112
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Property summary
AI-generated overview
This 3,290 square foot freestanding former bank building in Crescent City, Florida presents a unique investment opportunity. Located on a 0.67-acre lot at 350 N Summit St, this single-story, 1986-built property boasts 25 parking spaces and benefits from a high-traffic location on a primary thoroughfare with 9,400 vehicles per day. The property is zoned GC-1 and enjoys excellent visibility alongside national retailers such as Winn-Dixie, Dollar General, O'Reilly Auto Parts, and AutoZone. Its strategic location near a planned 5,200-acre Bass Pro Shops outdoor resort promises significant future growth and increased tourism. The property's proximity to approximately 400 apartment units within a 3-mile radius and over 2,500 students within a 5-mile radius further enhances its appeal. The entire 3,290 square feet is currently vacant, offering flexibility for a variety of retail uses. This property is an exceptional opportunity to capitalize on the burgeoning growth of Crescent City and Putnam County. The APN is 19-12-28-1750-054.0-004.0.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,628 SF
Lot
0.67 ac (29,185 SF)
APN
19-12-28-1750-054.0-004.0
UPID
US18-4736605
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM (TD Bank) Atm
-
TD Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Moreland Colorado Properties LLC · 4 yrs held
Moreland Colorado Properties LLC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Crescent City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crescent City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,995,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10% · vs last sale $2.52M (Feb 2 2022)
Last sale anchor
$2.52M
Feb 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$696 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,426
Tax year 2023
Assessed value
$1,066,300
Assessed 2023
Previous assessed
$1,066,300
+0.0% YoY
Effective rate
2.38%
On assessed value
Land market value
$58,370
Improvement market value
$1,007,930
Total market value
$1,066,300
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Total area
3,628 SF
Lot
0.67 ac (29,185 SF)
APN
19-12-28-1750-054.0-004.0
UPID
US18-4736605
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Lot
0.67 ac
Current owner
From public records · entity-resolved
Moreland Colorado Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1655 E LAYTON DR, CHERRY HILLS VILLAGE, CO 80113-7000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$2,523,750
Moreland Colorado Properties LLC
Nfi Properties LLC
Special Warranty Deed
—
May 13, 2011
$570,000
Td Bk NA
First Fedl Bk Of North Fl
Quit Claim Deed
related
—
Feb 18, 2011
$570,000
Td Bk NA
First Fedl Bk Of North Fl
Quit Claim Deed
related
—
Nov 17, 2010
$3,480,000
Td Bk NA
First Fedl Bk Of North Fl
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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