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    Property profile & analytics

    4051 D St Cedar Key, FL 32625

    • Investment properties
    • 2,036 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Jan 18, 2022
    $489,000
    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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $410,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $395,000
      Mixed-Use
      $425,000
      Hospitality
      $365,000
      Educational
      $360,000
      Residential Income
      $370,000
      Energy
      $415,000
      Income-Based Land
      $425,000
      Food Service
      $350,000

    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
      4,160 SF

      497 2nd St

      STORE/OFFICE (MIXED USE) • 4,160 SF
      497 2nd St, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      1,369 SF

      12292 Live Oak St

      STORE/OFFICE (MIXED USE) • 1,369 SF
      12292 Live Oak St, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      1,488 SF

      6351 State Rd 24

      STORE/OFFICE (MIXED USE) • 1,488 SF
      6351 State Rd 24, Cedar Key, FL 32625
      View Details
    • Value Estimation by Request
      660 SF

      12421 State Rd 24

      STORE/OFFICE (MIXED USE) • 660 SF
      12421 State Rd 24, Cedar Key, FL 32625-4786
      View Details

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      Commercial Building in Cedar Key, FL

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    4051 D St
    Cedar Key, FL 32625
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    Realmo Value Estimation

    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.

    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.

    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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