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    New Duplex Near Town Center Title is generated by Realmo AI

    91-93 NW 8TH STREET, Chiefland, FL 32626

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    For Sale
    $389,000

    Duplex - CHIEFLAND, FL

    Type:Duplex
    Property size:
    2,108 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $184/SF
    Added:
    Apr 19, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 91-93 NW 8TH STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Zoning
    R2
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Interior features
    Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Walk-in Closet(s)
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    00804-019-00
    Size
    2,108 SF
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    381

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Frame, HardiPlank Type
    Roof type
    Shingle
    Architectural style
    Other
    BuilderName
    Bullard Construction LLC

    We can help!

    Listing Contact
    Gena Bullard

    Listing agent Gena Bullard License #3525285

    Listing office CMTG REAL ESTATE GROUP 3699 Airfield Dr. W., Lakeland, FL

    Listing date Apr 19, 2026

    MLS# OM723089 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

    • New construction duplex (2 units, 4 bedrooms/4 baths total) suitable for primary residence, rental investment, or multi‑generational living.
    • Convenient location: Minutes from town, schools, shopping, and dining.
    • Modern finishes: Luxury vinyl plank flooring, white shaker cabinets, granite countertops, and stainless steel appliances.
    • Spacious primary suite: Tiled walk‑in shower and walk‑in closet.
    • Low‑maintenance exterior and private concrete parking pad.
    • In‑unit washer and dryer.

    Overview

    This newly constructed duplex features a total of 4 bedrooms and 4 bathrooms within 2108 square feet of living space. Each unit includes 2 bedrooms and 2 bathrooms. The property is currently under construction and offers modern finishes and everyday convenience. Its location provides easy access to town, schools, shopping, and dining. The open-concept layout features luxury vinyl plank flooring throughout the main living areas. The kitchens are equipped with white shaker cabinets, granite countertops, and stainless steel appliances. The primary suite includes a tiled walk-in shower, while the guest bathroom features a tiled tub/shower combination. Both bedrooms feature walk-in closets. Each unit also includes an in-unit washer and dryer. Outside, there is a private concrete parking pad and a low-maintenance exterior. Situated on a 0.51-acre lot, this duplex is located in Chiefland, Florida. It is suitable for a primary residence, rental investment, or multi-generational living. The property is zoned R2. Another parcel/duplex is available for sale on the lot to the north.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $31.6k $15.00
    − Vacancy −$2.1k −$0.98
    EGI $29.6k $14.03
    − OpEx −$8.9k −$4.21
    NOI $20.7k $9.82
    2,108 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $295.6K
    $258.7K – $344.9K (±1% cap)
    NOI $20,695 @ 7.0% cap · market cap 5.32%
    Second Best
    Apartment 5plus
    $265.3K
    $232.1K – $309.5K (±1% cap)
    NOI $18,571 @ 7.0% cap · market cap 4.77%
    Theoretical Best
    Office A
    $522.1K
    $456.9K – $609.1K (±1% cap)
    NOI $36,548 @ 7.0% cap · market cap 9.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chiefland
    County
    Levy
    State
    Florida
    Longitude
    -82.8666804
    Latitude
    29.4794707

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    FAQs

    What type of property is this?
    Duplex - New construction duplex with modern finishes near schools and amenities.
    Where is this duplex located?
    The property is located at 91-93 NW 8TH STREET Chiefland, FL.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: New construction duplex (2 units, 4 bedrooms/4 baths total) suitable for primary residence, rental investment, or multi‑generational living.; Convenient location: Minutes from town, schools, shopping, and dining.; **Modern finishes:** Luxury vinyl plank flooring, white shaker cabinets, granite countertops, and stainless steel appliances.
    (863) 450-7399
    We can help!
    Listing Contact
    Gena Bullard
    Real Estate License ID: 3525285
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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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