Freestanding Mixed-Use
New
For Sale
$158,500
14610 KENNARD STREET, Waldo, FL 32694
Commercially zoned property with an open layout, upgraded plumbing, and accessible entry features.
Property Size1,195 SF
Lot Size0.25 Acres
Price / SF$132.64
Days on Market4
Property Features for 14610 KENNARD STREET
General Information
Standard status
Active
Size
1,195 SF
Lot size
0.25 Acres
Property subtype
Mixed Use
Zoning
Central City
Amenities
ADA ramp accessibility
fire alarm
0.24 acres, Dimensions: 105.6 x100, Central Business District, Corner Lot, Curb and Gutters, Historic District, City Limits, Sidewalk, Paved
Metal
Public Sewer
Additional parcels description:, Parcel Number: 17183-004-000, Public Survey Range: 21, Public Survey Section: 23, Annual Amount: $1,235.25, Legal Description: ORIGINAL WALDO LOTS 4 5 BK 18 OR 4590/1484, Lot: 4, Year: 2025, Zoning: CC
Laminate, Vinyl
Central Air
Central, Electric, Heat Pump
Listing ID: MFRGC542815, Standard Status: Active, MLS Status: Active, Property Subtype: Mixed Use, On market as of 2026-08-19, Special Conditions: None
Ground Level
Aluminum Frames, Drapes, Tinted Windows
Built in 1976, Living area: 1195, Living area units: Square Feet, Building faces East, 1 storey, Construction Materials: Cement Siding
Subdivision: ORIGINAL WALDO, MLS Area (Major): 32694 - Waldo, County/Parish: Alachua
Completed
BB/HS Internet Capable, Public, Sewer Nearby, Water Connected, Water Source: Public, 200+ Amp Service
Block, Concrete Perimeter
Frontage Type: Business District, City Street, County Road, Main Throrughfare, State Road, Road Responsibility: Public Maintained Road, Road Surface: Asphalt, Paved
Fire Alarm
Accessible Approach with Ramp, Accessible Common Area, Accessible Doors, Accessible Entrance, Central Living Area
Building Details
Year Built
1976
Buildings
1
Listing Agency:
RESOURCE REALTY, LLC
(352) 554-5855
Listed By:
Evan Yavelberg · License #3274718
Source:
Miharaandassociates
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 4:07AM
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 RESOURCE REALTY, LLC
Investment Insights
Based on property information with market context.
This freestanding mixed-use building in Waldo was constructed in 1976 and offers an open interior layout with two restrooms. Improvements include upgraded plumbing, a newer water heater, an ADA ramp, and an installed fire alarm. The property is commercially zoned under Central City zoning, which supports a broad range of uses aside from industrial activity.
The building fronts Kennard Street in Waldo, Florida, with sidewalks on both sides of the street. The site encompasses a quarter acre and offers potential for multiple parking arrangements. Its combination of open interior space, updated building systems, restroom facilities, and accessibility improvements creates a practical base for a range of commercial uses supported by the zoning.
The building fronts Kennard Street in Waldo, Florida, with sidewalks on both sides of the street. The site encompasses a quarter acre and offers potential for multiple parking arrangements. Its combination of open interior space, updated building systems, restroom facilities, and accessibility improvements creates a practical base for a range of commercial uses supported by the zoning.
Key Highlights
- Commercially zoned under Central City zoning
- Open floor plan with two restrooms
- ADA ramp and installed fire alarm
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
$13,802
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
8.71%
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%
$276,040
$276.0K
Cap Rate 7%
$197,171
$197.2K
Cap Rate 9%
$153,356
$153.4K
Market Conditions
NOI Build-Up for 1,195 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
$25.1K $21.00/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$22.1K $18.48/SF
− OpEx
−$8.3K −$6.93/SF
NOI
$13.8K $11.55/SF
Area
Alachua 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 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%
$276,040
Cap Rate 7%
$197,171
Cap Rate 9%
$153,356
Alternative Uses
Best Use
Mixed Use
$197.2K
$172.5K – $230.0K
NOI $13,802 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.3K
$263.6K – $351.5K
NOI $21,088 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property with an open layout, upgraded plumbing, and accessible entry features.
Where is this mixed-use property located?
The property is located at 14610 KENNARD STREET Waldo, FL.
What is the asking price?
The asking price for this property is $158,500.
What are key features of this property?
This property features: Commercially zoned under Central City zoning; Open floor plan with two restrooms; ADA ramp and installed fire alarm
