Automotive Shop with Spray
New
For Sale
$389,000
10 N Main St, Chiefland, FL 32626
Commercial Sale, Chiefland, FL
Property Size2,352 SF
Lot Size0.32 Acres
Price / SF$165.39
Days on Market2
Property Features for 10 N Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Floor Furnace
Directions
FROM CHIEFLAND at the intersection of US Hwy 19/98 and US Hwy 129, head south on Hwy 19/98. Building will be located on the north west corner of the intersection US Hwy 19/98 and Park Ave.
Subdivision
Levy
Standard status
Active
APN
0699400000
Size
2,352 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 CHIEFLAND BLK 20 LOTS 8 & 10 OR BOOK 967 PAGE 499 (CORR)
Tax Annual Amount
1858
Legal Description
36-11-14 CHIEFLAND BLK 20 LOTS 8 & 10 OR BOOK 967 PAGE 499 (CORR)
Amenities
airlines and water lines throughout
air-conditioned office/multi-use space
fenced-in rear yard
carport
automotive spray booth
air compressors
3 bathrooms
roll-up doors
Building Details
Year built
1950
Listing Agency:
United Country Smith & Associates Chiefland
(352) 493-4200
Listed By:
Sarah Eastman · License #3552386
(352) 339-4812
Added: Sep 2
Last Checked: Sep 3 at 2:06AM
MLS# 799867
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.
Investment Insights
Based on property information with market context.
This automotive shop is configured for repair and vehicle painting, with 4 service bays and a 12' x 24' semi-down-draft spray booth. Two rear roll-up doors provide additional shop access, while air and water lines extend throughout the building and into the fenced rear yard. Included equipment consists of the spray booth, air compressors, and carport.
An air-conditioned office and multi-use area adds flexibility for administrative work, reception, parts storage, or workspace. The property has 3 bathrooms, with 2 currently functional, and is connected to city water and sewer. The fenced outdoor area, 200 foot of road frontage, and 100 foot of rear alley access support practical shop operations.
Located at 10 N Main St in Chiefland, the property carries C-1 and C-2 Commercial zoning. The stated C-2 uses include automotive, truck, farm equipment, and motorcycle sales and repair, paint shops, tire businesses, and parts sales, subject to applicable city regulations.
An air-conditioned office and multi-use area adds flexibility for administrative work, reception, parts storage, or workspace. The property has 3 bathrooms, with 2 currently functional, and is connected to city water and sewer. The fenced outdoor area, 200 foot of road frontage, and 100 foot of rear alley access support practical shop operations.
Located at 10 N Main St in Chiefland, the property carries C-1 and C-2 Commercial zoning. The stated C-2 uses include automotive, truck, farm equipment, and motorcycle sales and repair, paint shops, tire businesses, and parts sales, subject to applicable city regulations.
Key Highlights
- Automotive shop with 4 service bays and a 12' x 24' semi‑down‑draft spray booth
- Two rear roll‑up doors plus multiple access points
- 200 foot of road frontage and 100 foot of rear alley access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,760
$498.8K
Cap Rate 7%
$356,257
$356.3K
Cap Rate 9%
$277,089
$277.1K
Market Conditions
NOI Build-Up for 2,352 SF
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.
Gross rent
$38.1K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$35.6K $15.15/SF
− OpEx
−$10.7K −$4.54/SF
NOI
$24.9K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,760
Cap Rate 7%
$356,257
Cap Rate 9%
$277,089
Alternative Uses
Best Use
Retail
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 6.41%
Second Best
Flex RnD
$315.2K
$275.8K – $367.7K
NOI $22,061 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,778 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - C-1 and C-2 commercial zoning supports automotive, retail, office, and service-oriented uses.
Where is this auto shop located?
The property is located at 10 N Main St 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: Automotive shop with 4 service bays and a 12' x 24' semi‑down‑draft spray booth; Two rear roll‑up doors plus multiple access points; 200 foot of road frontage and 100 foot of rear alley access
