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Property profile & analytics
OFF-MARKET
Investment properties

854 State Rd 21 Melrose, FL 32666-3953

997 SF 0.31 ac lot Built 1960
Entity Owned 1-yr Hold
Property ID
US18-4512879
Property summary
AI-generated overview

This exceptional commercial property, located at 854 N State Road 21 in Melrose, Florida, presents a unique investment opportunity. Priced at $275,000, this mixed-use building boasts a prime location on State Road 21, just north of its intersection with State Road 26. The property enjoys high visibility with an average daily traffic count of 10,500 vehicles, ensuring maximum exposure for any commercial venture. Built in 1960, the building sits on a substantial 13,503.6 square foot lot and is currently leased on a month-to-month basis, offering immediate flexibility for the new owner. The C-2 zoning allows for a wide range of commercial uses, making it suitable for retail stores, office spaces, or other commercial enterprises. Importantly, the existing business and billboard are not included in the sale, providing a blank canvas for the buyer to customize the space to their specific needs. This property represents a compelling investment in a thriving area with significant growth potential. The property's address is 854 N State Road 21, Melrose, FL 32666. This is a rare opportunity to acquire a well-situated commercial building in a desirable location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 997 SF
Lot 0.31 ac (13,504 SF)
APN 18-09-23-0000-080.0-001.0
UPID US18-4512879
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
Jbc Holdings LLC · 1 yrs held
Jbc Holdings LLC
since 2024
Last sale
$250,000
7 recorded transactions
2024
$250,000
2017
Price N/A
2012
$75,000
2012
Price N/A
2012
Price N/A
2011
Price N/A
2005
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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