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Property profile & analytics
FOR SALE
Commercial land
850 N State Road 21 Melrose, FL 32666
Individually Owned
2-yr Hold
Property ID
US18-3387302
No photos on file
For Sale
$155,000
850 N State Road 21, Melrose, FL 32666
View Listing →
Property summary
AI-generated overview
This exceptional 0.31-acre commercial lot, situated at 850 N State Road 21 in Melrose, Florida, presents a remarkable opportunity for entrepreneurs seeking high visibility. Located just one block from the intersection of SR 21 and SR 26, this property boasts over 100 feet of frontage on SR 21, ensuring significant exposure to the daily traffic volume exceeding 9,500 vehicles. The C-2 zoning allows for a diverse range of retail and service businesses. The lot itself is flat and easily developable, featuring readily available city water. This is more than just a location
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1969
Total area
3,600 SF
Lot
0.31 ac (13,504 SF)
APN
18-09-23-0000-087.1-000.0
UPID
US18-3387302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
by Request
Owner & transaction history
Brenda Williams · 2 yrs held
Brenda Williams
since 2023
Last sale
$92,500
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$867
Tax year 2023
Assessed value
$53,030
Assessed 2023
Previous assessed
$53,030
+0.0% YoY
Effective rate
1.63%
On assessed value
Land market value
$53,030
Total market value
$53,030
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1969
Heating
NONE
Total area
3,600 SF
Lot
0.31 ac (13,504 SF)
APN
18-09-23-0000-087.1-000.0
UPID
US18-3387302
Jurisdiction
PUTNAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Brenda Williams
Individual
Mailing address
6275 PAYNE RD, KEYSTONE HEIGHTS, FL 32656-9322
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$92,500
Brenda Williams
Ice Less LLC
Warranty Deed
$62,500 · Ice For Less LLC
Jan 31, 2017
$60,000
Ice For Less LLC
Louis L Huntley Enterprises INC
Warranty Deed
$57,479 · Capital City Bank
Oct 9, 2006
—
Louis L Huntley Ents
Morris,rosalee G
Warranty Deed
—
Jan 25, 2002
$115,000
Rosalee G Morris
Louis L Huntley Enterprises
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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