High-Visibility Office Retail
16648 NW Hwy 19 Fanning Springs, FL 32693
16648 NW Hwy 19, Fanning Springs, FL, 32693
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For Sale
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Office space for sale featuring large plate-glass windows for bright, high-visibility fronting.
Property Size560 SF
Price / SF$167.86
Days on Market125
Property Features for 16648 NW Hwy 19
General Information
- Standard status
- Active
- Size
- 560 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1985
Listing agency
eXp Realty LLC
(352) 584-2020
Listed by
Nancy Zubler Turner · License #FL
Source
Crexi
Added: Mar 20 Updated: Jul 21 at 4:08AM Checked: Jul 22 at 12:48PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This for-sale office retail space is offered with large plate-glass windows, creating a light and bright interior presentation from the street. The property size is listed as 560 square feet.
Public remarks indicate high visibility and heavy traffic, with traffic arriving from both North and South US 19, as well as from the Gainesville/Ocala areas.
The building is positioned for storefront-style visibility along US Highway 19, supporting businesses that benefit from passersby exposure.
Public remarks indicate high visibility and heavy traffic, with traffic arriving from both North and South US 19, as well as from the Gainesville/Ocala areas.
The building is positioned for storefront-style visibility along US Highway 19, supporting businesses that benefit from passersby exposure.
Key Highlights
- Office space built in 1985
- Large plate‑glass windows at the front for a light and bright interior
- High‑visibility, high‑traffic frontage with traffic coming from US 19 (North and South) and from the Gainesville/Ocala areas
Local 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 | $11.1k | $19.80 |
| − Vacancy | −$1.8k | −$3.17 |
| EGI | $9.3k | $16.63 |
| − OpEx | −$2.3k | −$4.16 |
| NOI | $7.0k | $12.47 |
560 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$99.8K
$87.3K – $116.4K
NOI $6,985 @ 7.0% cap · market cap 7.43%
Second Best
Retail
$84.8K
$74.2K – $99.0K
NOI $5,938 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$138.7K
$121.4K – $161.8K
NOI $9,709 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office space for sale featuring large plate-glass windows for bright, high-visibility fronting.
Where is this office units located?
The property is located at 16648 NW Hwy 19 Fanning Springs, FL.
What is the asking price?
The asking price for this property is $94,000.
What are key features of this property?
This property features: Office space built in 1985; Large plate‑glass windows at the front for a light and bright interior; High‑visibility, high‑traffic frontage with traffic coming from US 19 (North and South) and from the Gainesville/Ocala areas
