Mixed-Use Property with
New
For Sale
$230,000
1065 N Jefferson Street, Monticello, FL 32344
CommercialSale, Monticello, FL
Property Size1,659 SF
Lot Size0.58 Acres
Price / SF$138.64
Days on Market1
Property Features for 1065 N Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
East on Hwy 90 or I-10, Left @ State Road 19
Subdivision
Jefferson
Standard status
Active
APN
12065-00-00-00-0350-0000-0080
Lot size
0.58 Acres
Utilities
Heating system
Central
Cooling system
Varies by Unit, Central Air, Window Unit(s)
Water source
Public
Listing Agency:
Coldwell Banker Hartung
(850) 386-6160
Listed By:
Christie Perkins · License #3043297
(850) 321-2393
Added: Sep 11
Last Checked: Sep 11 at 7:06PM
MLS# 404813
Copyright © 2026 Tallahassee Board of Realtors. 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 mixed-use property combines a 1,659-square-foot converted office area with multiple rooms and a separate 2,700-square-foot storage warehouse that is functioning and active. The improvements include central heating, varied cooling systems, and public water service. Some repair work is needed on the front decks.
Positioned on a 0.58-acre corner lot at 1065 N Jefferson Street, the property fronts Hwy 19 and is within walking distance of downtown Monticello. Ample parking supports the existing office and warehouse configuration. The office was previously used for a real estate sales operation.
Positioned on a 0.58-acre corner lot at 1065 N Jefferson Street, the property fronts Hwy 19 and is within walking distance of downtown Monticello. Ample parking supports the existing office and warehouse configuration. The office was previously used for a real estate sales operation.
Key Highlights
- 1,659‑square‑foot converted office area with multiple rooms
- Separate 2,700‑square‑foot functioning and active storage warehouse
- 0.58‑acre corner lot fronting Hwy 19
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
$20,381
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
8.86%
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%
$407,620
$407.6K
Cap Rate 7%
$291,157
$291.2K
Cap Rate 9%
$226,456
$226.5K
Market Conditions
NOI Build-Up for 1,659 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
$34.8K $21.00/SF
− Vacancy
−$7.7K −$4.62/SF
EGI
$27.2K $16.38/SF
− OpEx
−$6.8K −$4.10/SF
NOI
$20.4K $12.29/SF
Area
Jefferson County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$407,620
Cap Rate 7%
$291,157
Cap Rate 9%
$226,456
Alternative Uses
Best Use
Office B
$291.2K
$254.8K – $339.7K
NOI $20,381 @ 7.0% cap · market cap 8.86%
Second Best
Mixed Use
$224.0K
$196.0K – $261.3K
NOI $15,678 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$406.7K
$355.9K – $474.5K
NOI $28,470 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 32344, FL
12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot commercial property combining office rooms, a functioning storage warehouse, and ample parking near downtown.
Where is this mixed-use property located?
The property is located at 1065 N Jefferson Street Monticello, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,659‑square‑foot converted office area with multiple rooms; Separate 2,700‑square‑foot functioning and active storage warehouse; 0.58‑acre corner lot fronting Hwy 19
