Mixed-Use Property with Mobile
For Sale
$295,000
9230 NE STATE ROAD 24, Bronson, FL 32621
Commercial Sale, BRONSON, FL
Property Size1,344 SF
Lot Size2.49 Acres
Price / SF$219.49
Days on Market236
Property Features for 9230 NE STATE ROAD 24
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Directions
Take FL-24 west (exit 384 from I-75) through Archer Florida for 18 miles pass the Bronson Speedway, the property will be on the left approximately 400 west of the Levy CountyTire and Auto Shop.
Subdivision
32621 - Bronson
Standard status
Active
APN
03287-001-0G
Size
1,344 SF
Lot size
2.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
04-12-17 0002.49 ACRES TRACT 200 FT ON SR 24 IN S 1/2 OF SW 1/4 LOT 8 UNREC SURVEY RAYMOND E JESSE OR BOOK 1728 PAGE 921
Tax Annual Amount
1663
Legal Description
04-12-17 0002.49 ACRES TRACT 200 FT ON SR 24 IN S 1/2 OF SW 1/4 LOT 8 UNREC SURVEY RAYMOND E JESSE OR BOOK 1728 PAGE 921
Utilities
Cooling system
Central Air
Building Details
Year built
1979
Building materials
Vinyl Siding
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Ralph Hilliard · License #3391743
(352) 284-4977
Added: Jan 5
Changed: Aug 23
Last Checked: Aug 29 at 3:06AM
MLS# GC536342
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 mixed-use property occupies 2.49 acres along State Road 24 in Bronson. A manufactured home sits at the rear, creating a live-work configuration. The property is identified at 1,344 square feet, was built in 1979, and features vinyl siding with central air conditioning.
C-2 zoning allows a range of commercial applications, including warehouses with office or showroom areas, retail spaces of 15,000 square feet or less, self-storage, restaurants, personal services, and adult or child care facilities. The site is located at 9230 NE State Road 24, with the property positioned on a primary state route through Bronson.
C-2 zoning allows a range of commercial applications, including warehouses with office or showroom areas, retail spaces of 15,000 square feet or less, self-storage, restaurants, personal services, and adult or child care facilities. The site is located at 9230 NE State Road 24, with the property positioned on a primary state route through Bronson.
Key Highlights
- 2.49‑acre mixed‑use property on State Road 24
- C‑2 zoning allows warehouses, retail spaces 15,000 square feet or less, self‑storage, restaurants, and care facilities
- Manufactured home positioned at the rear of the property
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
$16,765
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
5.68%
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%
$335,300
$335.3K
Cap Rate 7%
$239,500
$239.5K
Cap Rate 9%
$186,278
$186.3K
Market Conditions
NOI Build-Up for 1,344 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
$26.6K $19.80/SF
− Vacancy
−$4.3K −$3.17/SF
EGI
$22.4K $16.63/SF
− OpEx
−$5.6K −$4.16/SF
NOI
$16.8K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /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%
$335,300
Cap Rate 7%
$239,500
Cap Rate 9%
$186,278
Alternative Uses
Best Use
Office B
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 5.68%
Second Best
Mixed Use
$221.8K
$194.0K – $258.7K
NOI $15,523 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$332.9K
$291.3K – $388.4K
NOI $23,302 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 32621, FL
5,396
Population
2,495
Households
2.2
Avg Household Size
41
Median Age
10%
College-Educated
84%
High-School Grad
73.5 sq mi
ZIP Area
73
Density / Sq Mi
$52,840
Median Household Income
$39,181
Median Earnings
$596
Median Rent
$114,200
Median Home Value
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 - C-2 zoning supports warehouse, retail, storage, restaurant, service, and care-related commercial uses.
Where is this mixed-use property located?
The property is located at 9230 NE STATE ROAD 24 Bronson, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2.49‑acre mixed‑use property on State Road 24; C‑2 zoning allows warehouses, retail spaces 15,000 square feet or less, self‑storage, restaurants, and care facilities; Manufactured home positioned at the rear of the property
