Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway Frontage Mixed-Use Building Title is generated by Realmo AI

    16500 Highway 19, Salem, FL 32356

    View on Map
    Claim this Listing
    New
    For Sale
    $150,000

    3,330 sq ft building on 0.45 acres.

    Type:Commercial Sale / Mixed Use
    Property size:
    3,330 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $45/SF
    Added:
    May 26, 2026
    Days on Market:
    4
    Last Refresh:
    May 27 at 7:49 am

    Property Features for 16500 Highway 19

    General Information

    Standard status
    Active
    Size
    3,330 SF
    Lot size
    0.45 Acres
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    Morris Mathieu
    Morris Mathieu

    Listing agent Morris Mathieu License #594360

    Listing office ANGUS REALTY LLC

    Listing date May 26, 2026

    Source Compass

    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 ANGUS REALTY LLC

    HighLights

    • High‑visibility location on US Highway 19 with strong daily traffic.
    • Mixed‑use zoning allows for a wide range of commercial uses.
    • 3,330 sq ft building with two storefronts and potential for a 4‑bedroom apartment or rental space.
    • Prime location between a motel and gas station, providing built‑in customer traffic.
    • Underserved area with limited competition; nearest Walmart is 25 miles away.
    • ~0.45 acres with great highway frontage and easy access.

    Overview

    Located on US Highway 19 South in Salem, Taylor County, this 3,330 sq ft vacant building presents a commercial opportunity. Constructed in 1954, the property is situated between a motel and a gas station. Previously operated as a restaurant, the mixed-use zoning allows for various uses, including a restaurant, convenience store, cafeteria, retail shop, or other commercial ventures. The building features two storefronts on the first floor and potential for a 4-bedroom apartment or additional rental space on the second floor. Positioned on US 19, the property benefits from high traffic flow, with recent nearby AADT counts approximately 8,600–9,000+ vehicles daily. The property sits on approximately 0.45 acres with highway frontage and easy access. The building was previously used as a restaurant. The location is approximately 25 miles from the nearest Walmart.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Salem
    County
    Taylor
    State
    Florida
    Longitude
    -83.297745
    Latitude
    29.710902

    FAQs

    What type of property is this?
    Mixed-use property - 3,330 sq ft building on 0.45 acres.
    Where is this mixed-use property located?
    The property is located at 16500 Highway 19 Salem, FL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: High‑visibility location on US Highway 19 with strong daily traffic.; Mixed‑use zoning allows for a wide range of commercial uses.; 3,330 sq ft building with two storefronts and potential for a 4‑bedroom apartment or rental space.
    (352) 989-3410
    We can help!
    Listing Contact
    Morris Mathieu
    Morris Mathieu
    Real Estate License ID: 594360
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16500 Highway 19, Salem, FL 32356
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!