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    Versatile Commercial Space in Chiefland Title is generated by Realmo AI

    6760 NW 138th Pl, Chiefland, FL 32626

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    For Sale
    $2,299,000

    COMMERCIAL - Chiefland, FL

    Property size:
    19,276 SF
    Lot size:
    2.67 Acres
    Price / SF:
    $119/SF
    Added:
    Apr 29, 2026
    Days on Market:
    25
    Last Refresh:
    May 23 at 8:06 am

    Property Features for 6760 NW 138th Pl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0753001800
    Size
    19,276 SF
    Lot size
    2.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    14-11-14 US 19 NO 1 ADD BLK B LOT 19 OR BOOK 1132 PAGE 629
    Tax Annual Amount
    15562

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    Rebecca Young

    Listing agent Rebecca Young

    Listing office United Country Smith & Associates Chiefland 605 North Main Street, Chiefland, FL

    Listing date Apr 29, 2026

    MLS# 799111

    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.

    HighLights

    • 19,000+ sq ft of versatile commercial space on 2.67 acres
    • Located just off US 19/98 with high traffic exposure
    • Two separate buildings: 10,868 sq ft warehouse and 8,408 sq ft main building
    • Currently operating as a successful truss manufacturing company
    • Includes warehouse, office spaces, showroom, and upstairs loft
    • Ample parking and room for inventory, equipment storage, or future expansion

    Overview

    Located just off US 19/98 in Chiefland, this commercial property offers over 19,000 square feet of versatile space on 2.67 acres. The property includes two separate buildings, with the 10,868 sq ft warehouse currently operating as a truss manufacturing company. The 8,408 sq ft main building features expansive open areas, office spaces, a showroom, and an upstairs loft. Potential uses include a family entertainment venue with an indoor skating rink, a showroom for boats, ATVs, RVs, or equipment sales, or conversion of the main building into a theater or event venue. Other options include warehousing, retail, a fitness center, an indoor marketplace, contractor headquarters, or mixed-use commercial operations. The acreage provides ample parking, room for inventory, equipment storage, or future expansion. The property is located just minutes from Chiefland with high traffic exposure coming from neighboring counties.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $2.27M
    NOI $204,382 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.92M
    NOI $204,382 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.09M
    NOI $204,382 @ 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 Retail

    Component $ $/SF
    Gross rent $312.3k $16.20
    − Vacancy −$20.3k −$1.05
    EGI $292.0k $15.15
    − OpEx −$87.6k −$4.54
    NOI $204.4k $10.60
    19,276 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.92M
    $2.55M – $3.41M (±1% cap)
    NOI $204,382 @ 7.0% cap · market cap 8.89%
    Second Best
    Warehouse
    $2.01M
    $1.76M – $2.35M (±1% cap)
    NOI $140,826 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $4.77M
    $4.18M – $5.57M (±1% cap)
    NOI $334,200 @ 7.0% cap · market cap 14.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Truss of Chiefland Production Facility

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Storage Facility Grocery & Convenience Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • Levy County Mini Storage — 6851 NW 137th St, Chiefland, FL 32626
    • Kip's SelfStorage — 13645 U.S. Hwy 19, Chiefland, FL 32626
    • Rick’s Storage Site D — 6851 NW 135th Ln, Chiefland, FL 32626

    Location Insight

    • Map
    • Local Demand
    City
    Chiefland
    County
    Levy
    State
    Florida
    Longitude
    -82.8850277
    Latitude
    29.5306473

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    FAQs

    What type of property is this?
    Warehouse - Unique property with over 19,000 sq ft of versatile space.
    Where is this warehouse located?
    The property is located at 6760 NW 138th Pl Chiefland, FL.
    What is the asking price?
    The asking price for this property is $2,299,000.
    What are key features of this property?
    This property features: 19,000+ sq ft of versatile commercial space on 2.67 acres; Located just off US 19/98 with high traffic exposure; Two separate buildings: 10,868 sq ft warehouse and 8,408 sq ft main building
    (352) 221-1080
    We can help!
    Listing Contact
    Rebecca Young
    Request Owner's contact information
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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
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