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    Professional Office Building Investment Opportunity Title is generated by Realmo AI

    510 SW 5TH TERRACE, Williston, FL 32696

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    For Sale
    $300,000

    Office - WILLISTON, FL

    Type:Office
    Property size:
    1,602 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $187/SF
    Added:
    Nov 25, 2025
    Days on Market:
    174
    Last Refresh:
    May 18 at 9:06 am

    Property Features for 510 SW 5TH TERRACE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C-2
    Standard status
    Active
    APN
    05076-001-0B
    Size
    1,602 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2877

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Building materials
    Block
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Marc Pompeo

    Listing agent Marc Pompeo License #527240

    Listing office HARRIETT DOWNS REAL ESTATE LLC 147 North Main Street, Williston, FL

    Listing date Nov 25, 2025

    MLS# OM713557 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.

    HighLights

    • Immediate income: long‑term tenant in place through March 2029 at $2,400/month.
    • Fully handicap accessible layout suitable for medical, dental, or professional office use.
    • Versatile space with existing reception area, 5 treatment rooms, and dedicated file/insurance rooms.
    • Well‑maintained concrete block construction built in 1966.
    • Convenient location in a growing community with 10 on‑site parking spaces.
    • Equipped with broadband internet, city water/sewer, and natural gas for efficient heating.

    Overview

    This professional office building, constructed in 1966, is located in Williston, Florida. The concrete block building is currently operating as a dental practice. The layout is fully handicap accessible and includes a waiting room, reception area with custom wood cabinetry and solid-surface countertops, dedicated insurance and file rooms, 5 treatment rooms, and 2 bathrooms. Vinyl flooring extends throughout most of the building. The property features 10 onsite parking spaces, broadband internet, city water and sewer, and natural gas for heating. The property is zoned C-2. The current tenant is in place through March 2029 at a rate of $2,400 per month. The property is suited for continued medical or dental use, professional office space, wellness services, or other commercial needs. The lot size is 0.2 acres and the building size is 1602 square feet.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $224.0K
    NOI $20,162 @ 9.00% cap · cautious / downside scenario
    Moderate
    $288.0K
    NOI $20,162 @ 7.00% cap · market / base-case scenario
    Aggressive
    $403.2K
    NOI $20,162 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $36.5k $22.80
    − Vacancy −$2.9k −$1.82
    EGI $33.6k $20.98
    − OpEx −$13.4k −$8.39
    NOI $20.2k $12.59
    1,602 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $288.0K
    $252.0K – $336.0K (±1% cap)
    NOI $20,162 @ 7.0% cap · market cap 6.72%
    Second Best
    Office B
    $285.5K
    $249.8K – $333.1K (±1% cap)
    NOI $19,983 @ 7.0% cap · market cap 6.66%
    Theoretical Best
    Office A
    $396.8K
    $347.2K – $462.9K (±1% cap)
    NOI $27,775 @ 7.0% cap · market cap 9.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Henderson Craig DC Alternative Medicine Practice Christie Dental of Williston Dental Office Chandrakant Dave DDS Dental Office Pamick Williams DDS Dental Office Dr. Danielle T. ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Similar Places Nearby

    • Levy Animal Clinic — 505 SW 7 St, Williston, FL 32696
    • Levy Animal Clinic: Dow Charlotte DVM — 505 SW 7 St, Williston, FL 32696

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.4542771
    Latitude
    29.3844919

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained office building in Williston, ideal for various professional uses.
    Where is this medical office space located?
    The property is located at 510 SW 5TH TERRACE Williston, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Immediate income: long‑term tenant in place through March 2029 at $2,400/month.; Fully handicap accessible layout suitable for medical, dental, or professional office use.; Versatile space with existing reception area, 5 treatment rooms, and dedicated file/insurance rooms.
    (352) 528-4400
    We can help!
    Listing Contact
    Marc Pompeo
    Real Estate License ID: 527240
    Learn More
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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.

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