Property profile

4051 D St Cedar Key, FL 32625

OFF-MARKET
Investment properties
Property ID
US18-5997868
2,036 SF 0.29 ac lot Built 1945
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,036 SF
Lot 0.29 ac (12,632 SF)
APN 865000000
UPID US18-5997868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm

Location

4051 D St Cedar Key, FL 32625
Cedar Key metro Census 970400 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$360k
Comparable Approach Comparable
$631k
Blend (final) Blend
$445k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2022
$489,000
2004
Price N/A
2004
$525,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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