High Springs Commercial
18573 NW 246TH St High Springs, FL 32643
For Sale
$349,900
Two-building commercial property with fenced yard and flexible zoning.
Property Size3,036 SF
Lot Size0.34 Acres
Price / SF$115.25
Days on Market94
Property Features for 18573 NW 246TH St
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing Agency:
Jack Keller Inc., REALTORS
(727) 586-1497
Listed By:
John E Keller III · License #260015123
(727) 586-1497
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:51AM
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 Jack Keller Inc., REALTORS
Investment Insights
Based on property information with market context.
Located at 18573 NW 246th Street in High Springs, this commercial property offers an expansive .34-acre lot with two concrete block buildings totaling over 3,036 square feet. The property features a 120 square foot finished office, an oversized front customer parking area, and an expansive fenced-in yard with an asphalt parking area. The main building includes central AC and multiple air compressors, as well as a full-sized paint booth. Zoned C2, the property presents opportunities for various businesses, having been previously used as an autobody repair shop and more recently as a warehouse. The two buildings have separate electrical meters and street addresses, providing flexibility. A brand-new metal roof is planned for both buildings in 2025. A recent land survey is available. The property has a walk score of 23, indicating car-dependence, and a bike score of 36, indicating it is somewhat bikeable.
Key Highlights
- Two concrete block buildings totaling over 3,036 sq ft with separate street addresses and electrical meters offer maximum flexibility.
- C2 zoning allows for a multitude of different business uses.
- Brand‑new metal roof on both buildings (installed in 2025).
Financial Insights For Warehouse
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 | $27.3k | $9.00 |
| − Vacancy | −$1.2k | −$0.41 |
| EGI | $26.1k | $8.59 |
| − OpEx | −$3.9k | −$1.29 |
| NOI | $22.2k | $7.31 |
3,036 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$473.4K
$414.2K – $552.3K
NOI $33,135 @ 7.0% cap · market cap 9.47%
Second Best
Warehouse
$316.9K
$277.3K – $369.7K
NOI $22,180 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$765.4K
$669.7K – $893.0K
NOI $53,577 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
FAQs
What type of property is this?
Auto shop - Two-building commercial property with fenced yard and flexible zoning.
Where is this auto shop located?
The property is located at 18573 NW 246TH St High Springs, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two concrete block buildings totaling over 3,036 sq ft with separate street addresses and electrical meters offer maximum flexibility.; C2 zoning allows for a multitude of different business uses.; Brand‑new metal roof on both buildings (installed in 2025).
