Chiefland Commercial Property For
For Sale
$450,000
1411 NW 23rd Avenue, Chiefland, FL 32626
Established commercial property with office and manufacturing space in Chiefland.
Property Size3,560 SF
Lot Size0.50 Acres
Price / SF$126.40
Days on Market593
Property Features for 1411 NW 23rd Avenue
General Information
Standard status
Active
Size
3,560 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY
Listed By:
Brad Smith · License #550985
(352) 221-5256
Source:
Realtygroupfl
Added: Feb 27, 2025
Changed: Oct 13
Last Checked: Oct 12 at 9:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY
Investment Insights
Based on property information with market context.
This commercial property is located in Chiefland, Florida. The property includes a paved parking lot that accommodates four vehicles. The office space features a large waiting room, seven offices, and a kitchenette. At the back of the office is a shop suitable for manufacturing and storage. The property is located among other businesses with access from Highway 19.
Key Highlights
- Established commercial property in Chiefland, Florida.
- High‑visibility location with convenient access from Hwy 19.
- Features a large waiting room, 7 offices, and a kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,118
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,360
$822.4K
Cap Rate 7%
$587,400
$587.4K
Cap Rate 9%
$456,867
$456.9K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$74.8K $21.00/SF
− Vacancy
−$9.0K −$2.52/SF
EGI
$65.8K $18.48/SF
− OpEx
−$24.7K −$6.93/SF
NOI
$41.1K $11.55/SF
Area
Levy County, FL
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,360
Cap Rate 7%
$587,400
Cap Rate 9%
$456,867
Alternative Uses
Best Use
Mixed Use
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.7K
$771.5K – $1.03M
NOI $61,722 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
333
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Established commercial property with office and manufacturing space in Chiefland.
Where is this mixed-use property located?
The property is located at 1411 NW 23rd Avenue Chiefland, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Established commercial property in Chiefland, Florida.; High‑visibility location with convenient access from Hwy 19.; Features a large waiting room, 7 offices, and a kitchenette.
