Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    208 NE 1St St Micanopy, FL 32667

    Sponsored
    For Sale
    Pending
    $110,000

    Retail - MICANOPY, FL

    Type:Retail
    Property size:
    636 SF
    Lot size:
    0.05 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 20 at 7:06 pm

    Property Features for 208 NE 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Pending
    Zoning
    C-1
    APN
    16739-001-000
    Size
    636 SF
    Lot size
    0.05 Acres

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1900
    Building materials
    Frame, Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Carla Lord
    Carla Lord

    Ocala Homes and Farms (352) 266-6181 [email protected]

    Listing agent Carla Lord (352) 390-6009 License #3266941

    Listing date Jan 13, 2026

    MLS# OM699642 Listing URL

    Copyright © 2026 Stellar MLS. 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

    Downtown Micanopy Commercial Building

    This is a free-standing commercial building located on Main Street in Downtown Historic Micanopy, Florida. The property is currently used as a gallery. It has C-1 zoning, which allows for various potential uses such as a retail shop, meditation studio, yoga, or pilates. The building features newly installed mini-split system. It also includes a small attached storage area in the back. The building has metal siding and a metal roof. Curb parking is available directly in front of the property. The lot size is 0.05 acres and the property size is 636 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Micanopy
    County
    Alachua
    State
    Florida
    Longitude
    -82.279867
    Latitude
    29.504843

    Nearby Similar for Sale

    • New
      $4,000,000
      6,100 SF

      Luxury Equestrian Estate on 63 Acres

      Ultra-luxury equestrian estate with world-class facilities and resort-style living.
      7000 Highway 320 NW, Micanopy, FL 32667
      View Details
    • $8,750,000
      200 SF

      Luxury Equestrian Estate with Premier Facilities

      Premier equestrian facilities on 210 acres in scenic Marion County.
      6500 SE 193Rd St, Micanopy, FL 32667
      View Details
    • $15,500,000
      1,884 SF

      Micanopy Horse Farm with Equine Facilities

      400-acre Micanopy, FL horse farm with state-of-the-art equine facilities.
      6500 NW 193Rd St, Micanopy, FL 32667
      View Details
    • $7,750,000
      1,884 SF

      Luxury Equestrian Estate For Sale

      Premier equine facilities on 190 acres in Marion County, Florida.
      6800a NW 193Rd St, Micanopy, FL 32667
      View Details
    • $400,000
      2,685 SF

      Micanopy Retail Opportunity on Main

      Commercial property on Main Street in Micanopy, Florida for sale.
      110 NE 1St St, Micanopy, FL 32667
      View Details
    • $569,000

      Assisted Living Facility on Three Acres

      Assisted living facility on 3 acres in Marion County, Florida.
      5650 NW 219Th Street Rd, Micanopy, FL 32667
      View Details
    • $275,000

      Commercial Building on US 441

      2,184 SF building on 1.74 acres with frontage.
      12001 Highway 441 S, Micanopy, FL 32667
      View Details
    • $929,000

      Micanopy Agricultural Property For Sale

      Agricultural property available in Micanopy, Florida.
      22157 NW 87Th Avenue Rd, Micanopy, FL 32667
      View Details
    • $12,500,000

      Micanopy Agricultural Property For Sale

      Agricultural property available in Micanopy, Florida.
      19350 NW 123Rd Ct, Micanopy, FL 32667
      View Details
    • $1,999,000

      Micanopy Agricultural Property for Sale

      Agricultural property available in Micanopy, Florida.
      12490 Highway 320 NW, Micanopy, FL 32667
      View Details
    • $23,950,000

      Micanopy Agricultural Property For Sale

      Agricultural property available in Micanopy, Florida.
      9001 NW 200Th Street Rd, Micanopy, FL 32667
      View Details
    • $275,000
      2,680 SF

      Prime Micanopy Retail Opportunity

      High-visibility retail building on 1.74 acres.
      12001 Highway 441, Micanopy, FL 32667
      View Details

    FAQs

    What type of property is this?
    Retail space - Free-standing commercial building in historic Micanopy, Florida.
    Where is this retail space located?
    The property is located at 208 NE 1St St Micanopy, FL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Prime Main Street Frontage in Historic Downtown Micanopy; - Versatile C-1 Zoning (Retail, Studio, etc.); - Newly Installed Mini-Split System
    (352) 266-6181
    Request Owner's contact information
    208 NE 1St St Micanopy, FL 32667
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    208 NE 1St St
    Micanopy, FL 32667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    208 NE 1St St Micanopy, FL 32667
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carla Lord
    Carla Lord
    Real Estate License ID: 3266941
    (352) 266-6181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.