Flex Space with Four
For Sale
$375,000
160 SW NIGHTINGALE Street, Keystone Heights, FL 32656
Commercial Sale, Keystone Heights, FL
Property Size2,220 SF
Lot Size0.32 Acres
Price / SF$168.92
Days on Market271
Property Features for 160 SW NIGHTINGALE Street
General Information
Property type
Residential
Property subtype
Office
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Directions
SR 100 to Lawrence Blvd. Turn right on Nightingale St. Property is on the right.
Subdivision
151-Keystone Heights
Standard status
Active
APN
19082302202100000
Size
2,220 SF
Lot size
0.32 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office, Storage
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
Amenities
lobby
conference room
kitchenette
bathroom
private offices
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: Oct 27
Last Checked: Oct 28 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,220-square-foot flex property contains four distinct units within a 0.32-acre parcel. The remodeled primary office suite includes a lobby, conference room, kitchenette, bathroom, and two private offices. A second office suite provides its own lobby, kitchenette, bathroom, open work area, and private office. Two additional storage units offer open layouts, with one featuring built-in cabinets and mini-split A/C.
One office suite is currently subject to a 1-year lease. The block building was constructed in 1959 and includes laminate and tile flooring, central heating and air conditioning, an aluminum roof, public water and sewer, and off-street parking. A ramped accessible approach and city parking spaces in front of the building support convenient access for occupants and visitors.
One office suite is currently subject to a 1-year lease. The block building was constructed in 1959 and includes laminate and tile flooring, central heating and air conditioning, an aluminum roof, public water and sewer, and off-street parking. A ramped accessible approach and city parking spaces in front of the building support convenient access for occupants and visitors.
Key Highlights
- 2,220‑square‑foot flex property on 0.32 acres
- Four units include two office suites and two storage units
- Primary office suite has lobby, conference room, kitchenette, bathroom, and two private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,089
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,780
$621.8K
Cap Rate 7%
$444,129
$444.1K
Cap Rate 9%
$345,433
$345.4K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$53.3K $24.00/SF
− Vacancy
−$11.8K −$5.33/SF
EGI
$41.5K $18.67/SF
− OpEx
−$10.4K −$4.67/SF
NOI
$31.1K $14.00/SF
Area
Clay County, FL
Vacancy
22.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,780
Cap Rate 7%
$444,129
Cap Rate 9%
$345,433
Alternative Uses
Best Use
Office B
$444.1K
$388.6K – $518.2K
NOI $31,089 @ 7.0% cap · market cap 8.29%
Second Best
Industrial
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 4.18%
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.
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Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32656, FL
14,686
Population
6,565
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
70.1 sq mi
ZIP Area
210
Density / Sq Mi
$73,201
Median Household Income
$40,985
Median Earnings
$1,068
Median Rent
$202,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two office suites and two storage areas provide a flexible mix of workspace and ancillary space.
Where is this flex space 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: 2,220‑square‑foot flex property on 0.32 acres; Four units include two office suites and two storage units; Primary office suite has lobby, conference room, kitchenette, bathroom, and two private offices
