Fenced Highway Flex
For Sale
$450,000
13874 NW Hwy 19, Chiefland, FL 32628
Commercial Sale, Chiefland, FL
Property Size3,508 SF
Lot Size1.37 Acres
Price / SF$228.19
Days on Market98
Property Features for 13874 NW Hwy 19
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located off HWY 19. Look for Hatcher Realty Services, Inc Signage.
Subdivision
Levy
Standard status
Active
APN
0753700100
Size
1,972 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
15-11-14 U S 19 NO 1 ADD BLK I LOTS 1 2 3 & 4 -HWY- OR BOOK 1698 PAGE 542
Tax Annual Amount
5453
Legal Description
15-11-14 U S 19 NO 1 ADD BLK I LOTS 1 2 3 & 4 -HWY- OR BOOK 1698 PAGE 542
Amenities
fully fenced
pole barns
Building Details
Year built
1960
Listing Agency:
Hatcher Realty Services, Inc. Cross City
(352) 498-5151
Listed By:
John Markham
(352) 210-4495
Added: Jun 16
Changed: Aug 19
Last Checked: Sep 21 at 10:06AM
MLS# 799404
Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. 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 flex-space property occupies approximately 1.37 acres along US Highway 19 in Chiefland. The site includes commercial improvements with a partially remodeled interior, a fully fenced perimeter, and three pole barns that provide covered areas for storage, equipment, inventory, or workspace. The configuration supports a range of commercial operations while allowing room for further customization.
Direct highway positioning provides convenient ingress and egress from a well-established commercial corridor. The property is located in Chiefland, which serves the surrounding area as a commercial hub. Its combination of enclosed improvements, covered structures, and fenced land offers a practical setting for an owner-user or business requiring outdoor and covered operating space.
Direct highway positioning provides convenient ingress and egress from a well-established commercial corridor. The property is located in Chiefland, which serves the surrounding area as a commercial hub. Its combination of enclosed improvements, covered structures, and fenced land offers a practical setting for an owner-user or business requiring outdoor and covered operating space.
Key Highlights
- Approximately 1.37‑acre commercial site
- Directly positioned on US Highway 19
- Three pole barns provide covered storage or workspace
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
$18,496
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
4.11%
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%
$369,920
$369.9K
Cap Rate 7%
$264,229
$264.2K
Cap Rate 9%
$205,511
$205.5K
Market Conditions
NOI Build-Up for 1,972 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
$30.8K $15.60/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$28.5K $14.43/SF
− OpEx
−$10.0K −$5.05/SF
NOI
$18.5K $9.38/SF
Area
Levy County, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$369,920
Cap Rate 7%
$264,229
Cap Rate 9%
$205,511
Alternative Uses
Best Use
Flex RnD
$264.2K
$231.2K – $308.3K
NOI $18,496 @ 7.0% cap · market cap 4.11%
Second Best
Warehouse
$205.8K
$180.1K – $240.1K
NOI $14,407 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$488.4K
$427.4K – $569.8K
NOI $34,190 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32628, FL
5,343
Population
2,092
Households
2.6
Avg Household Size
41
Median Age
11%
College-Educated
82%
High-School Grad
88.1 sq mi
ZIP Area
61
Density / Sq Mi
$42,029
Median Household Income
$34,561
Median Earnings
$645
Median Rent
$96,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Partially remodeled commercial improvements with covered storage structures and direct US Highway 19 access.
Where is this flex space located?
The property is located at 13874 NW Hwy 19 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: Approximately 1.37‑acre commercial site; Directly positioned on US Highway 19; Three pole barns provide covered storage or workspace
