Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Commercial Land on Highway Title is generated by Realmo AI

    16990 NW Hwy 19, Fanning Springs, FL 32693

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    COMMERCIAL - Fanning Springs, FL

    Lot size:
    12.74 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    239
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 16990 NW Hwy 19

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0048600000
    Lot size
    12.74 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    28-10-14 0009.18 ACRES TRACT IN SW1/4 OR BOOK 1581 PAGE 947 AND 28-10-14 US 19 NO 7 ADD BLK A LOT 31 OR BOOK 1581 PAGE 947
    Tax Annual Amount
    2936

    We can help!

    Listing Contact
    Dewey Hatcher
    Dewey Hatcher

    Listing agent Dewey Hatcher License #3020046

    Listing office Hatcher Realty Services, Inc. Steinhatchee 1402 Riverside Dr SE, Cross City, FL

    Listing date Oct 3, 2025

    MLS# 795797 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Almost 13 acres of cleared commercial property directly on Highway 19.
    • Excellent visibility and high traffic counts.
    • Direct highway frontage ensures maximum exposure.
    • Located minutes outside of Chiefland, the 'Gateway to the Gulf'.
    • Conveniently situated less than an hour from Gainesville and a short drive to the Gulf.
    • Suitable for a wide variety of businesses (storage, retail, service, etc.).

    Overview

    This property features approximately 12.74 acres of cleared commercial land situated directly on Highway 19. The location offers high traffic counts and visibility, making it suitable for various business ventures. The acreage allows for development of a storage facility, retail center, or service business. Direct highway frontage ensures exposure to local and passing traffic. Located near Chiefland, known as the "Gateway to the Gulf," the property benefits from steady commercial expansion and demand for new services. Its proximity to Gainesville and the Gulf enhances its convenience and growth potential. This property is located on NW Hwy 19 in Fanning Springs, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fanning Springs
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.917941
    Latitude
    29.577185

    Nearby Similar for Sale

    • $380,000
      4,600 SF

      Fanning Springs Commercial Building For Sale

      Turnkey restaurant on a high-visibility corner with expansion potential.
      17751 NW US 19, Fanning Springs, FL 32693
      View Details
    • $160,000

      Waterfront Land on Suwannee River

      2+ acres of waterfront property with 172 feet frontage.
      Riverview Rd, Fanning Springs, FL 32693
      View Details
    • $160,000

      Waterfront Land on Riverview Road

      2.51-acre waterfront property with 206 feet of river frontage.
      Riverview Rd, Fanning Springs, FL 32693
      View Details
    • $319,000

      Waterfront Land on Suwannee River

      Nearly 5-acre waterfront lot with 378 feet of river frontage.
      Riverview Rd, Fanning Springs, FL 32693
      View Details
    • $99,500

      High Visibility Commercial Corner Lot

      1.05-acre corner lot on US Hwy 19/98 for sale.
      000 NW US HWY 19, Fanning Springs, FL 32693
      View Details
    • $44,000

      Spacious Land Near Fanning Springs

      Two adjoining lots near Fanning Springs State Park and Suwannee River.
      16850 NW 80th Ave, Fanning Springs, FL 32693
      View Details
    • $44,000

      Fanning Springs Land Opportunity

      Two adjoining lots near Fanning Springs State Park.
      16850 NW 80th Ave, Fanning Springs, FL 32693
      View Details
    • $390,000

      Turnkey Restaurant on High Visibility Corner

      Turnkey restaurant on 1.3 acres with high visibility.
      17751 NW US 19, Fanning Springs, FL 32693
      View Details
    • $25,000

      Land in Fanning Springs, FL

      Vacant lot near Fanning Springs State Park and Suwannee River.
      NW 168th Ln, Fanning Springs, FL 32680
      View Details
    • $390,000
      4,049 SF

      Fanning Springs Turnkey Restaurant Opportunity

      Turnkey restaurant on a high-visibility corner with expansion potential.
      17751 NW Hwy 19, Fanning Springs, FL 32693
      View Details
    • $99,500

      High Visibility Commercial Corner Lot

      1.05-acre corner lot on US Hwy 19/98 for sale.
      NW Hwy 19/98, Fanning Springs, FL 32693
      View Details
    • $500,000

      High-Visibility Land at Major Intersection

      Over 1.5 acres near Fanning Springs State Park.
      7200 US 19 N, Fanning Springs, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 12.74 acres of cleared commercial land on busy Highway 19.
    Where is this commercial land located?
    The property is located at 16990 NW Hwy 19 Fanning Springs, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Almost 13 acres of cleared commercial property directly on Highway 19.; Excellent visibility and high traffic counts.; Direct highway frontage ensures maximum exposure.
    (352) 498-5151
    We can help!
    Listing Contact
    Dewey Hatcher
    Dewey Hatcher
    Real Estate License ID: 3020046
    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
    16990 NW Hwy 19, Fanning Springs, FL 32693
    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!