Multi-Unit Office and Storage
For Sale
$375,000
160 SW NIGHTINGALE Street, Keystone Heights, FL 32656
SINGLE_FAMILY - Keystone Heights, FL
Property Size2,220 SF
Lot Size0.32 Acres
Price / SF$168.92
Days on Market181
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
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 30 at 1:06PM
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.
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
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
