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Property profile & analytics
OFF-MARKET
Banks

8744 State Rd 21 Melrose, FL 32666-8809

3,412 SF 0.34 ac lot Built 1973
Individually Owned 3-yr Hold Free & Clear
Property ID
US18-3157480
Property summary
AI-generated overview

This exceptional 3,412 square foot commercial property, situated on 1.32 acres at 8744 State Road 21 in Melrose, Florida, presents a remarkable investment opportunity. Its prime location on a busy thoroughfare, just blocks from Lake Santa Fe, ensures high visibility and substantial foot traffic. The property comprises three parcels and features a robust, solid block building ideally suited for a variety of commercial uses. A significant portion of the property is designed as a car lot, offering ample space for vehicle display and showcasing inventory to passing motorists. The building itself is intelligently divided into three distinct sections, providing flexibility for diverse business needs. These sections could easily be configured as sales offices, customer service areas, or maintenance/detailing bays, allowing for a customized layout to meet specific operational requirements. A key advantage is the existing, established U-Haul rental operation, generating a consistent and reliable income stream. This turnkey operation offers a unique blend of functionality, versatility, and profitability, making it an attractive proposition for discerning entrepreneurs seeking a well-established and income-producing commercial property in a desirable location. The asking price is $499,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,412 SF
Lot 0.34 ac (15,000 SF)
Zoning code BA
APN 07-09-23-005464-000-00
UPID US18-3157480
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
Current use
Occupant on record · Public records
  • CrossPoint Church Church
  • Magic Imports Car Dealership
  • U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hamid Tajalli · 3 yrs held
Hamid Tajalli
since 2022
Last sale
$245,000
7 recorded transactions
2022
Price N/A
2020
$245,000
2020
Price N/A
2019
Price N/A
2017
$150,000
2017
$220,000
2001
$185,000
Zoning & alternative use
BA · Melrose, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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