Back to Search
Property profile & analytics
OFF-MARKET
Industrial properties
40 178th Ave Cross City, FL 32628-5823
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-6705727
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1975
Construction
STEEL FRAME
Total area
320 SF
Lot
50.19 ac (2,186,276 SF)
Zoning code
I-1
APN
11-10-12-0000-2657-010.0
UPID
US18-6705727
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
-
Cross City Energy Co Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dixie Cnty Board Of Cnty Commission
Dixie Cnty Board Of Cnty Commission
since 2025
7 recorded transactions
Zoning & alternative use
I-1 · Cross City, FL
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 Cross City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cross 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,685
Tax year 2023
Assessed value
$189,700
Assessed 2023
Previous assessed
$189,700
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$112,900
Assessed improvement
$76,800
Land market value
$112,900
Improvement market value
$76,800
Total market value
$189,700
Applied tax rate
1.0000
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
320 SF
Lot
50.19 ac (2,186,276 SF)
Zoning code
I-1
APN
11-10-12-0000-2657-010.0
UPID
US18-6705727
Jurisdiction
DIXIE
Zoning & alternative use
I-1 · Cross City, FL
Zoning I-1 · permitted uses
I-1 · Cross City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cross City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
50.19 ac
Current owner
From public records · entity-resolved
Dixie Cnty Board Of Cnty Commission
Individual
Free & Clear · 0 yrs held
Mailing address
11483 NE HWY 351, OLD TOWN, FL 32680-2979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
—
Dixie Cnty Board Of Cnty Commission
Dixie Cnty Board Of Cnty Commission
Deed
related
—
Jun 23, 2025
$1,250,000
Dixie County Board Of County Commis
Cross City Property LLC
Warranty Deed
—
Jun 23, 2025
—
Cross City Property LLC
Jolly Gardener Real Estate Holdings
Warranty Deed
—
Jul 12, 2018
$264,000
T7 Investment LLC
Sherrill Coastal Holdings LLC
Warranty Deed
$211,000 · Servisfirst Bk
Mar 16, 2018
—
Cross City Property LLC
Sherrill Coastal Holdings LLC
Warranty Deed
—
Jan 15, 2013
—
Dixie Cnty Board Of Cnty Commissi
Cross City Property LLC
Warranty Deed
—
Aug 11, 2006
$260,000
Dwight Knight
Jolly Gardens Products INC
Warranty Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 178th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
