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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4051 D St Cedar Key, FL 32625

    • Investment properties
    • 2,036 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Jan 18, 2022
    $489,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    5.3%
    Investment properties
    Location Intelligence
    Property ID
    US18-5997868
    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

    • Mc Pherson John / Attorney
    • Kelley R Pierce / Attorney

    Property Details for 4051 D St

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.29 lot acres
    Property size
    2,036 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    865000000
    APU
    865000000

    Description

    This exceptional 4,320-square-foot commercial property in Cedar Key, Florida, presents a unique investment opportunity. Located at 4051 D St, 32625, this versatile space boasts a prime Gulf of Mexico waterfront location with a private dock, offering breathtaking sunrise views. Built in 1945, the building has served various businesses throughout its history, including a hotel, cafe, and veterinary clinic, most recently housing the Cedar Key Canvas Shop. Currently configured as a six-bedroom, four-bathroom rental property, it comprises two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, providing immediate income potential. The property includes ample storage space underneath the building and extensive on-site parking. The expansive lot encompasses 32-15-13 CEDAR KEY BLK 25 LOTS 13 THRU 16 & SUBMURGED LOTS 1 THRU 7 & LOTS 17 THRU 24 (OR BOOK 1621 PAGE 317), offering significant development potential. The asking price is $679,000. This property is zoned for Office and Retail use, making it ideal for a variety of commercial ventures. Its established history and desirable location make it an attractive investment for both seasoned and new investors. Don't miss this chance to own a piece of Cedar Key's vibrant waterfront.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $630,000
      Market price range: $123k - $631k
      AI Estimate
      $630,000
      Market price range: $123k - $631k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $315,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.034
    Latitude
    29.1386
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    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
    $9,382
    $0.00
    $0.00
    $424,205
    -
    $216,000
    $208,205
    $424,205

    Comparable in this City

    • Value Estimation by Request
      2,442 SF

      445 2nd St

      STORE/OFFICE (MIXED USE) • 2,442 SF
      445 2nd St, Cedar Key, FL 32625-5119
      View Details
    • Value Estimation by Request
      944 SF

      12716 State Rd 24

      STORE/OFFICE (MIXED USE) • 944 SF
      12716 State Rd 24, Cedar Key, FL 32625-4729
      View Details
    • Value Estimation by Request
      962 SF

      8291 County Rd 347

      STORE/OFFICE (MIXED USE) • 962 SF
      8291 County Rd 347, Cedar Key, FL 32625
      View Details
    • Value Estimation
      $530,000
      2,250 SF

      409 2nd St

      STORE/OFFICE (MIXED USE) • 2,250 SF
      409 2nd St, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      3,500 SF

      495 2nd St

      STORE/OFFICE (MIXED USE) • 3,500 SF
      495 2nd St, Cedar Key, FL 32625-5119
      View Details
    • Value Estimation by Request
      1,088 SF

      12689 Bayshore Ave

      STORE/OFFICE (MIXED USE) • 1,088 SF
      12689 Bayshore Ave, Cedar Key, FL 32625-4759
      View Details

    Similar Nearby for Sale

    • $165,000
      0.23 Acres

      Waterfront Lot in Cedar Key

      Waterfront vacant lot with dock and Gulf access.
      7 9Th St, Cedar Key, FL 32625
      View Details
    • $54,900
      1.09 Acres

      Aviation Land Parcel Near Cedar Key

      Buildable 1.09-acre aviation parcel near Cedar Key, Florida.
      28 102Nd Ct, Cedar Key, FL 32625
      View Details
    • $679,000

      Unique Island Opportunity in Cedar Key

      Iconic waterfront building in historic Cedar Key, ready for restoration.
      450 Dock St, Cedar Key, FL 32625
      View Details
    • Contact for pricing
      1.02 Acres

      Land in Cedar Key, FL

      Acreage near Cedar Key with wildlife and marsh views.
      8 SW 104Th Ct, Cedar Key, FL 32625
      View Details
    • $110,000
      Pending

      Expansive Land Parcel in Cedar Key

      Over 10 acres in Cedar Key, Florida.
      6551 SW County Road 347, Cedar Key, FL 32625
      View Details
    • $525,000
      0.89 Acres

      Waterfront Lots in Cedar Key

      Buildable waterfront lots with Gulf views in Cedar Key, Florida.
      136 SW 136Th Pl, Cedar Key, FL 32625
      View Details
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    4051 D St
    Cedar Key, FL 32625
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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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