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    1010 Main St Bell, FL 32619

    Sponsored
    For Sale
    $320,000

    Office Building,Other,Professional/Office,Retail - Bell, FL

    Property size:
    1,810 SF
    Lot size:
    3.18 Acres
    Days on Market:
    294
    Last Refresh:
    Jan 20 at 11:06 am

    Property Features for 1010 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    25-08-14-0000-0042-0000
    Parking features
    Open, Paved or Surfaced
    Exterior features
    High Traffic Count, Fence
    Fencing
    Fenced
    Size
    1,810 SF
    Lot size
    3.18 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1948
    Floors in Building
    1
    Building materials
    Frame, Other
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Natalie Rankin
    Natalie Rankin

    Hometown Realty of North Florida, Inc. (352) 463-9001 [email protected]

    Listing agent Natalie Rankin (352) 463-9001

    Listing date Apr 2, 2025

    MLS# 794607 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bell, FL Landmark Acreage

    This landmark 3.18-acre property is located in Bell, FL, at the corner of Main Street and Bell Ave, described as the busiest corner in town, especially during school sessions. Known as the "Iris Roberts home," the property features 292 feet of frontage on Main Street and 274 feet on Bell Ave (NW 10th ST), with additional frontage on Jones St to the east. The location benefits from high vehicle and foot traffic due to its position directly across from Bell Middle/High School. A portion of the property is zoned commercial, and another portion is zoned residential. The property comprises multiple lots that can be used independently. The existing wood frame building, last used as a residence, could be suitable for an office or other professional business. Additionally, there is an 18x24 concrete block garage building with electric service, featuring a rollup door and a walk-through door. The property offers development potential due to its acreage and location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bell
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.860603
    Latitude
    29.753266

    Nearby Similar for Sale

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    • New
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      Historic Office Building in Bell, FL

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    • $450,000
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      Highway Frontage Commercial Building Opportunity

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    FAQs

    What type of property is this?
    Commercial land - 3.18 acre corner property in Bell, Florida.
    Where is this commercial land located?
    The property is located at 1010 Main St Bell, FL.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Landmark 3.18-acre property on the busiest corner in Bell, FL.; - High-traffic location directly across from Bell Middle/High School.; - Frontage on three roads: Main Street (292'), Bell Ave (274'), and Jones St.
    (352) 463-9001
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    1010 Main St Bell, FL 32619
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    Bell, FL 32619
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1010 Main St Bell, FL 32619
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    We can help!
    Listing Contact
    Natalie Rankin
    Natalie Rankin
    Real Estate License ID: 3023353
    (352) 463-9001
    Learn more
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