Three-Unit Storefront
For Sale
$1,495,000
215 N Jefferson Street, Monticello, FL 32344
An expansive open upper floor sits above the building’s three ground-level commercial units.
Property Size13,650 SF
Price / SF$109.52
Days on Market99
Property Features for 215 N Jefferson Street
General Information
Standard status
Active
Size
13,650 SF
Property subtype
Commercial
Building Details
Year Built
1901
Buildings
1
Tenancy
Multi
Listing Agency:
Steve C. Walker Realty, LLC
Listed By:
Steve Walker · License #573389
(850) 997-4061
Source:
Bertpope
Added: Jul 30
Changed: Nov 5
Last Checked: Nov 5 at 4:55PM
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 Steve C. Walker Realty, LLC
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Investment Insights
Based on property information with market context.
Dating to circa 1901, this Monticello storefront property contains approximately 13,650 square feet. The ground level is divided into three commercial units, while the upper story offers a broad, open floor plan. Interior details include hardwood flooring, exposed brick, antique doors, and high ceilings that reflect the building’s historic character.
A vacant lot is located behind the building. The property is on N Jefferson Street in downtown Monticello, among shops, restaurants, and other businesses.
A vacant lot is located behind the building. The property is on N Jefferson Street in downtown Monticello, among shops, restaurants, and other businesses.
Key Highlights
- Circa‑1901 building with approximately 13,650 square feet
- Three separate commercial units on the ground floor
- Open‑plan upper story
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,576
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,520
$2.7M
Cap Rate 7%
$1,893,943
$1.9M
Cap Rate 9%
$1,473,067
$1.5M
Market Conditions
NOI Build-Up for 13,650 SF
Gross rent
$204.8K $15.00/SF
− Vacancy
−$15.4K −$1.13/SF
EGI
$189.4K $13.88/SF
− OpEx
−$56.8K −$4.16/SF
NOI
$132.6K $9.71/SF
Area
Jefferson County, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,520
Cap Rate 7%
$1,893,943
Cap Rate 9%
$1,473,067
Alternative Uses
Best Use
Retail
$1.89M
$1.66M – $2.21M
NOI $132,576 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,247 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32344, FL
12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Gelling’s Florist — 190 E Dogwood St, Monticello, FL 32344
Frequently Asked Questions
What type of property is this?
Storefront property - An expansive open upper floor sits above the building’s three ground-level commercial units.
Where is this storefront property located?
The property is located at 215 N Jefferson Street Monticello, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Circa‑1901 building with approximately 13,650 square feet; Three separate commercial units on the ground floor; Open‑plan upper story
