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413 Elm St Welaka, FL 32193-2125

Turn key restaurants Google Maps
2,156 SF 0.23 ac lot Built 2004
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$190k
Range $171k – $209k (±10%)
Property ID US18-4854226

Property summary

AI-generated overview

This exceptional commercial property, located at 413 Elm Street in Welaka, Florida, presents a unique investment opportunity. The single-tenant building, constructed in 2004, boasts 2,100 square feet of space situated on a 0.46-acre lot (APN: 411226920003100020). The property is currently configured for retail use, featuring a fully equipped commercial kitchen, a Southern Pride smoker, and ample outdoor space, ideal for various commercial ventures. The building includes a newly installed complete A/C unit and a commercial refrigerator. The property's versatility allows for adaptation to office space or other retail service businesses. Located in Putnam County (zip code 32193), this one-story building offers immediate occupancy with significant potential for long-term growth. The property is currently income-producing, with a long-term tenant in a secondary unit, providing a strong rental history. The seller is open to considering both lease and sale options, including seller financing. The property's location in the charming town of Welaka, along the scenic St. Johns River, offers a picturesque setting and benefits from increasing investor and resident interest. Detailed floor plans are available. This is a rare opportunity in a thriving community.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction WOOD
Total area 2,156 SF
Lot 0.23 ac (10,019 SF)
APN 41-12-26-9200-031.0-003.0
UPID US18-4854226

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2022
Last sale
$160,000
4 recorded transactions
2022
Price N/A
2022
$160,000
2021
$143,000
2008
$127,200

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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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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