Multi-Unit Office and Storage
160 SW NIGHTINGALE Street Keystone Heights, FL 32656
For Sale
$375,000
SINGLE_FAMILY - Keystone Heights, FL
Property Size2,220 SF
Lot Size0.32 Acres
Price / SF$168.92
Days on Market180
Property Features for 160 SW NIGHTINGALE Street
General Information
Property type
Residential
Property subtype
Office
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
19082302202100000
Size
2,220 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4379
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Aluminum
Listing Agency:
CW REALTY
(904) 964-3948
Listed By:
CHARNELLE WHITTEMORE
(352) 235-1825
Added: Jan 30
Changed: Jul 28
Last Checked: Jul 29 at 7:06AM
MLS# 2127830
Copyright © 2026 realMLS. 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 commercial property consists of four separate units, including two office suites and two storage units. The MAIN OFFICE SUITE features a welcoming lobby, conference room, kitchenette, bathroom, and two private offices. The SECOND OFFICE SUITE includes a lobby, kitchenette, bathroom, a large open workspace, and a private office, and it is currently under a one-year lease. The property also offers STORAGE UNIT 1 (21' x 22') with built-in cabinets and a mini-split A/C unit, and STORAGE UNIT 2 (14' x 22') configured for versatile storage.
The building provides plenty of city parking spots in front, supporting convenient day-to-day access for occupants and visitors.
Whether leased as separate units or used as a combination of office and storage, the layout supports flexible occupancy options across its four-unit configuration.
The building provides plenty of city parking spots in front, supporting convenient day-to-day access for occupants and visitors.
Whether leased as separate units or used as a combination of office and storage, the layout supports flexible occupancy options across its four-unit configuration.
Key Highlights
- Block commercial property built in 1959 with central heating and central air
- Public utilities: public water and public sewer
- Roof: aluminum; flooring includes tile and laminate
Financial Insights For Office B
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 | $53.3k | $24.00 |
| − Vacancy | −$11.8k | −$5.33 |
| EGI | $41.5k | $18.67 |
| − OpEx | −$10.4k | −$4.67 |
| NOI | $31.1k | $14.00 |
2,220 SF · lease $24.00/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$444.1K
$388.6K – $518.2K
NOI $31,089 @ 7.0% cap · market cap 8.29%
Second Best
Warehouse
$272.1K
$238.1K – $317.4K
NOI $19,045 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$592.2K
$518.2K – $690.9K
NOI $41,452 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Four-unit commercial building includes remodeled office suites and two storage units with dedicated amenities.
Where is this office units located?
The property is located at 160 SW NIGHTINGALE Street Keystone Heights, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Block commercial property built in 1959 with central heating and central air; Public utilities: public water and public sewer; Roof: aluminum; flooring includes tile and laminate
