Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    5998 Ctr St Melrose, FL 32666-6208

    • Retail space
    • 2,861 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US18-2835466
    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

    • Johnson Jamie / Massage Therapist
    • Hottinger Carpet Cleaning / Carpet Cleaning Service
    • Natural Health Works / Alternative Medicine Practitioner
    • Ruth Klingman Natural Health Works / Acupuncturist
    • Melrose Music / Music Store

    Property Details for 5998 Ctr St

    Year built
    1932
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    2,861 SF
    Zone code
    BR
    Property type
    Retail space
    APN
    18725-000-000
    APU
    18725000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $200,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $170,000
      Mixed-Use
      $210,000
      Hospitality
      $210,000
      Educational
      $195,000
      Residential Income
      $240,000
      Energy
      $190,000
      Income-Based Land
      $185,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Alachua
    State
    Florida
    Longitude
    -82.0505
    Latitude
    29.7101
    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
    $2,713
    $45,000
    $80,975
    $125,975
    -
    $45,000
    $80,975
    $125,975

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      210 Brantley Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      210 Brantley Rd, Melrose, FL 32666
      View Details
    • Value Estimation by Request
      2,285 SF

      882 State Rd 21

      RETAIL STORES (PERSONAL SERVICES) • 2,285 SF
      882 State Rd 21, Melrose, FL 32666-3953
      View Details
    • Value Estimation by Request
      13,969 SF

      871 State Rd 21

      RETAIL STORES (PERSONAL SERVICES) • 13,969 SF
      871 State Rd 21, Melrose, FL 32666
      View Details
    • Value Estimation by Request
      8,400 SF

      881 State Rd 21

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      881 State Rd 21, Melrose, FL 32666-3956
      View Details
    • Value Estimation by Request
      1,422 SF

      326 State Rd 26

      RETAIL STORES (PERSONAL SERVICES) • 1,422 SF
      326 State Rd 26, Melrose, FL 32666-3902
      View Details
    • Value Estimation
      $145,000
      2,011 SF

      1175 County Rd 315

      RETAIL STORES (PERSONAL SERVICES) • 2,011 SF
      1175 County Rd 315, Melrose, FL 32666
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Melrose Retail Opportunity For Sale

      Established business in Melrose, Florida, near Lake Santa Fe.
      326 State Road 26, Melrose, FL 32666
      View Details
    • $155,000
      0.31 Acres

      Commercial Land in Melrose, Florida

      Commercial land in the heart of Melrose, ready to build.
      850 N State Road 21, Melrose, FL 32666
      View Details
    • $949,000
      5,664 SF

      Melrose Mixed-Use Commercial Center

      Mixed-use property with restaurant, studios, and art gallery in Melrose.
      307/309 State Road 26, Melrose, FL 32666
      View Details
    • $1,311,268
      9,440 SF

      Melrose Retail Investment Opportunity

      NNN leased Family Dollar with CPI-linked increases.
      881 N State Road 21, Melrose, FL 32666
      View Details
    • $999,999
      5 SF

      Melrose Center: Restaurant & Art Venue

      Restaurant, art venue, and community gathering place in Melrose, Florida.
      307/309 Melrose St, Melrose, FL 32666
      View Details
    • $325,000
      0.61 Acres

      Lakefront Land in Seminole Ridge

      Lakefront property with 100 feet of frontage on Big Lake Santa Fe.
      00 SE 5Th Ave, Melrose, FL 32666
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5998 Ctr St
    Melrose, FL 32666-6208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.