Financial
Distress signals
Property profile

350 N Summit St Crescent City, FL 32112

FOR SALE
Banks
Property ID
US18-4736605
3,628 SF 0.67 ac lot Built 1986
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. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$1.07M
Effective rate2.38%

Value estimate

· Sep 2026
$3.00M
$2.70M – $3.29M
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.

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?
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 Office9.6
Law Firm8.7
Smoke and Vape Shop8.5

Location

350 N Summit St Crescent City, FL 32112
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

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
338 Central, Crescent City, FL 32112-2608 $200,000 May 2024 3,774 SF
501 Central, Crescent City, FL 32112-2503 $150,000 Feb 2024 4,369 SF
551 Smt, Crescent City, FL 32112-3043 $350,000 Apr 2023 2,829 SF
607 Smt, Crescent City, FL 32112-2147 $160,000 Sep 2020 2,403 SF
14 Smt, Crescent City, FL 32112-2506 $160,000 Sep 2019 3,434 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?”
More about this property
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