Under-Construction
New
For Sale
$379,000
105 & 107 NW 8TH Street, Chiefland, FL 32626
Residential Income, CHIEFLAND, FL
Property Size2,108 SF
Lot Size0.51 Acres
Price / SF$179.79
Days on Market2
Property Features for 105 & 107 NW 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Family Room, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Dining Room, Bedroom 2, Bathroom 4
Parking features
Driveway
Patio and Porch features
Porch
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
Subdivision
SOUTHERN PINES S/D AREA
Lot features
City Limits, Oversized Lot
View
City
Directions
When heading N on US 19 into Chiefland. Turn L onto W Park Ave. Travel about 1/2 mile and turn R onto NW 8th St. Travel past the triplex and the destination will be on your right.
Standard status
Active
APN
00804-019-00A
Size
2,108 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 0001.00 ACRES TRACT 210 X 210 FT IN NE1/4 OF SW1/4 OR BOOK 1776 PAGE 934
Tax Annual Amount
381
Legal Description
36-11-14 0001.00 ACRES TRACT 210 X 210 FT IN NE1/4 OF SW1/4 OR BOOK 1776 PAGE 934
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer and dryer
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
HardiPlank Type, Frame
Roof type
Shingle
Listing Agency:
CMTG REAL ESTATE GROUP
(863) 698-7990
Listed By:
Gena Bullard · License #3525285
(863) 450-7399
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 14 at 5:06AM
MLS# OM732204
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.
Investment Insights
Based on property information with market context.
This under-construction duplex contains two residential units totaling 2,108 square feet, with each unit offering two bedrooms and two bathrooms. Interior plans feature open living and dining areas, luxury vinyl plank flooring in the main living spaces, white shaker cabinetry, granite countertops, and stainless steel appliances. Each unit also includes walk-in closets, an in-unit washer and dryer, a primary suite with a tiled walk-in shower, and a guest bath with a tiled tub and shower combination.
The property sits on 0.51 acres at 105 & 107 NW 8th Street in Chiefland, with a private concrete parking pad, porch, HardiePlank-type exterior construction, shingle roofing, central heating, and central air. Public water and public sewer serve the property, which is zoned R2 and identified with a 2026 year built.
The property sits on 0.51 acres at 105 & 107 NW 8th Street in Chiefland, with a private concrete parking pad, porch, HardiePlank-type exterior construction, shingle roofing, central heating, and central air. Public water and public sewer serve the property, which is zoned R2 and identified with a 2026 year built.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bath units totaling 2,108 square feet
- 0.51‑acre property at 105 & 107 NW 8th Street, Chiefland, FL 32626
- Under construction with a 2026 year built
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
$20,695
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
5.46%
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%
$413,900
$413.9K
Cap Rate 7%
$295,643
$295.6K
Cap Rate 9%
$229,944
$229.9K
Market Conditions
NOI Build-Up for 2,108 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
$31.6K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.6K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$413,900
Cap Rate 7%
$295,643
Cap Rate 9%
$229,944
Alternative Uses
Best Use
Multifamily LT 5
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,571 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$522.1K
$456.9K – $609.1K
NOI $36,548 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned property includes two open-plan units with private driveway parking and public utilities.
Where is this duplex located?
The property is located at 105 & 107 NW 8TH Street Chiefland, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bath units totaling 2,108 square feet; 0.51‑acre property at 105 & 107 NW 8th Street, Chiefland, FL 32626; Under construction with a 2026 year built
