Operating Self-Storage Business For
For Sale
Contact for pricing
2150 NW 14th St, Chiefland, FL 32626
Operating self-storage business with expansion potential in a convenient location.
Property Size6,000 SF
Lot Size2.35 Acres
Price / SF$79.17
Days on Market188
Property Features for 2150 NW 14th St
General Information
Standard status
Active
Size
6,000 SF
Lot size
2.35 Acres
Property subtype
Industrial
Building Details
Year Built
1997
Year Renovated
2001
Buildings
3
Stories
1
Listing Agency:
Saunders Real Estate
Listed By:
Greg Driskell · License #FL
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 9 at 11:16AM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
Chiefland Mini Storage presents an opportunity to acquire an operating self-storage business, including the real estate. The property is situated in a convenient, accessible location just off US-19, directly behind Tractor Supply, on a paved road. The facility comprises three buildings, totaling approximately 6,000 square feet, divided into warehouses of 2,400, 2,000, and 1,600 square feet. There are 71 storage units, including 23 units sized 5'x10' and 48 units sized 10'x10'. Two adjoining parcels, totaling 2.35 acres, offer room for future expansion or additional storage options. Currently, 77% of the units are occupied. The location benefits from its position just off US-19, a primary north–south corridor serving the Gulf Coast. US-19 provides direct connectivity to Gainesville, Crystal River, and the broader Nature Coast, supporting steady local and regional traffic. The business is near many of Chiefland’s main retail and service centers. Its proximity to major transportation routes makes the location well suited for businesses that rely on visibility, accessibility, and efficient circulation.
Key Highlights
- Operating self‑storage business with real estate included.
- Convenient location just off US‑19 with high visibility.
- Existing 71 storage units with 77% occupancy rate, providing an 8% cap rate.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,960
$814.0K
Cap Rate 7%
$581,400
$581.4K
Cap Rate 9%
$452,200
$452.2K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$61.2K $10.20/SF
− Vacancy
−$3.1K −$0.51/SF
EGI
$58.1K $9.69/SF
− OpEx
−$17.4K −$2.91/SF
NOI
$40.7K $6.78/SF
Area
Levy County, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$813,960
Cap Rate 7%
$581,400
Cap Rate 9%
$452,200
Alternative Uses
Best Use
Self Storage
$703.1K
$615.2K – $820.3K
NOI $49,216 @ 7.0% cap · market cap 10.36%
Second Best
Industrial
$581.4K
$508.7K – $678.3K
NOI $40,698 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,026 @ 7.0% cap · market cap 21.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Operating self-storage business with expansion potential in a convenient location.
Where is this self storage facility located?
The property is located at 2150 NW 14th St Chiefland, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Operating self‑storage business with real estate included.; Convenient location just off US‑19 with high visibility.; Existing 71 storage units with 77% occupancy rate, providing an 8% cap rate.
