110 Ne Cholokka Blvd, Micanopy, FL 32667
Commercial property on Main Street in Micanopy, Florida for sale.
- Added:
- Sep 7, 2022
- Days on Market:
- 1381
- Last Refresh:
- Jan 20 at 10:52 am
Property Features for 110 Ne Cholokka Blvd
General Information
- Standard status
- Active
- Size
- 2,685 SF
- Lot size
- 0.41 Acres
Listing agent Jorge Vera-DuBois, LLC (352) 240-1133
Listing office florida homes realty & mortgage llc (352) 240-1133
Listing date Sep 7, 2022
Source Exprealty
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HighLights
- Prime commercial property on Main Street in Micanopy, Florida.
- Price adjusted to $400,000.
- Corner lot with 2,685 sq ft of heated & cooled space.
- Includes 2 adjacent parcels totaling .41 acres.
- Located in a popular tourist destination known for arts, crafts, and antiques.
- Currently used as antique retail space.
Overview
Local Financial Insights For Retail
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 | $45.8k | $17.04 |
| − Vacancy | −$3.9k | −$1.45 |
| EGI | $41.9k | $15.59 |
| − OpEx | −$12.6k | −$4.68 |
| NOI | $29.3k | $10.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Micanopy
- County
- Alachua
- State
- Florida
- Longitude
- -82.2799
- Latitude
- 29.504
