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    Property profile & analytics

    859 State Rd 21 Melrose, FL 32666-3956

    • Office buildings
    • 3,134 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 18, 2023
    $560,000
    Location Intelligence
    Property ID
    US18-5082900
    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

    • Office buildings

    Property Details for 859 State Rd 21

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    3,134 SF
    Property type
    Office buildings
    APN
    18-09-23-0000-088.0-001.0
    APU
    180923000008800010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Putnam
    State
    Florida
    Longitude
    -82.045
    Latitude
    29.7126
    CBSA code
    37260
    CBSA name
    PALATKA, FL MICROPOLITAN 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
    $6,983
    $0.00
    $0.00
    $427,032
    -
    $90,830
    $336,202
    $427,032

    Comparable in this City

    • Value Estimation
      $290,000
      2,602 SF

      2550 State Rd 21

      OFFICE BUILDING • 2,602 SF
      2550 State Rd 21, Melrose, FL 32666-5301
      View Details
    • Value Estimation
      $465,000
      1,007 SF

      325 State Rd 26

      OFFICE BUILDING • 1,007 SF
      325 State Rd 26, Melrose, FL 32666-3908
      View Details
    • Value Estimation
      $310,000
      2,011 SF

      5818 Ctr St

      OFFICE BUILDING (MULTI-STORY) • 2,011 SF
      5818 Ctr St, Melrose, FL 32666-6207
      View Details
    • Value Estimation by Request
      1,206 SF

      103 State Rd 26

      OFFICE BUILDING • 1,206 SF
      103 State Rd 26, Melrose, FL 32666-3904
      View Details
    • Value Estimation by Request
      3,626 SF

      310 State Rd 26

      PROFESSIONAL BUILDING • 3,626 SF
      310 State Rd 26, Melrose, FL 32666-3902
      View Details
    • Value Estimation
      $365,000
      3,886 SF

      25727 State Rd 26

      OFFICE BUILDING (MULTI-STORY) • 3,886 SF
      25727 State Rd 26, Melrose, FL 32666-6202
      View Details

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    859 State Rd 21
    Melrose, FL 32666-3956
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    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
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