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667 3rd Ave Welaka, FL 32193-3401

OFF-MARKET Retail space Google Maps
2,189 SF 0.46 ac lot Built 2004
Entity Owned Free & Clear
Estimated value (blended)
$225k
Range $203k – $248k (±10%)
Property ID US18-5081051

Property summary

AI-generated overview

This exceptional commercial property, situated at 667 3rd Avenue in Welaka, Florida, presents a unique investment opportunity. Built in 2004, the well-maintained building boasts modern, neutral finishes and is zoned General Commercial (GC) by the Town of Welaka. The property's 0.23-acre lot includes Lot 1, offering excellent visibility and ample space. The building features an open floor plan, providing flexibility for various business types, from retail storefronts to offices or service-based businesses. A full-size kitchen with abundant cabinetry and a dishwasher is included. An added benefit is an efficiency apartment with a separate rear entrance, offering privacy and approximately 192 square feet of additional deck space. Two ADA-compliant bathrooms are available, one with a full-size shower and washer/dryer hookups. Large storefront windows are perfect for retail displays and signage. The property also features easy-to-maintain landscaping with mature trees. The thriving commercial market in Welaka, fueled by large-scale developments and growth in retail, tourism, and residential sectors, makes this a prime investment opportunity with endless income potential, whether through business operation or apartment rental. A survey is available for reference. This property is ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction WOOD
Total area 2,189 SF
Lot 0.46 ac (20,038 SF)
APN 41-12-26-9200-019.0-001.0
UPID US18-5081051

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2025
Last sale
$275,000
3 recorded transactions
2025
$275,000
2021
$150,000
2002
$35,000

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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