Financial
Distress signals
Property profile

765 3Rd Ave Welaka, FL 32189

FOR SALE
Turn key restaurants
Property ID
US18-4979902
4,680 SF 1.38 ac lot Built 1968
Last sale Nov 2022 · $780,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use hospitality venue on 1.83 acres in Welaka, Florida at 765 3rd Avenue. Originally built in 1968, it includes a restaurant, bar, bingo and event room, multiple dining areas, and a kitchen complex, with dedicated interior and exterior/outdoor entertainment spaces and an event-capable layout. The improvements were renovated in 2022 and include 9 bathrooms total, comprised of 4 interior and 5 exterior facilities. The venue is configured to seat 450+ guests across indoor…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$437k
Effective rate2.19%

Value estimate

· Sep 2026
$925k
$833k – $1.02M
NOI build-up
Gross scheduled income$88k
Vacancy & credit loss−$5k
Operating expenses−$21k
NOI · 2.54% cap applied$62k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$381/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$91 – $641

Cap rate analysis

How does the asset earn?
2.54%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPUTNAM

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop8.3
Pharmacy8.1
Realty agency8.0

Location

765 3Rd Ave Welaka, FL 32189
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
210 Walnut, Welaka, FL 32193-2138 $94,500 Jul 2025 3,900 SF
301 5th, Welaka, FL 32193 $155,000 Jul 2025 4,118 SF
635 3rd, Welaka, FL 32193 $27,900 Sep 2024 2,200 SF
100 Ashton, Welaka, FL 32193-2003 $800,000 Nov 2023 1,649 SF
700 3rd, Welaka, FL 32193-3422 $1,308,000 Oct 2021 3,066 SF
699 3rd, Welaka, FL 32193-3401 $180,000 Jul 2021 2,131 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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