Industrial Land with Metal
New
For Sale
$126,500
28 Mckinley Street, Chattahoochee, FL 32324
An enclosed structure offers open gathering space, a kitchen, private office, and two full bathrooms.
Property Size1,500 SF
Price / SF$84.33
Days on Market6
Property Features for 28 Mckinley Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Amenities
Central air
Metal Roof
Central Heating
CentralAir Cooling
Concrete Flooring
Cul de sac
Electric Heating
Paved
Building Details
Year Built
1991
Listing Agency:
FLORIDA SHOWCASE REALTY, LLC
(850) 526-5260
Listed By:
JOELLE E ROBERTS
(850) 557-0120
Source:
Corcoran
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:50PM
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 FLORIDA SHOWCASE REALTY, LLC
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Investment Insights
Based on property information with market context.
This industrially zoned 8.5-acre property includes a 1,500-square-foot enclosed metal building constructed in 1991. The interior has an open meeting room, kitchen area, private office, and two full bathrooms. A roll-up door serves the building, with a large concrete parking area outside. Approximately 7.5 acres are wooded. The property has access to city sewer and septic service.
Key Highlights
- 8.5‑acre industrial property with approximately 7.5 wooded acres
- 1,500‑square‑foot enclosed metal building, built in 1991
- Interior includes an open meeting room, kitchen area, private office, and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,174
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,480
$203.5K
Cap Rate 7%
$145,343
$145.3K
Cap Rate 9%
$113,044
$113.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.3K $10.20/SF
− Vacancy
−$765 −$0.51/SF
EGI
$14.5K $9.69/SF
− OpEx
−$4.4K −$2.91/SF
NOI
$10.2K $6.78/SF
Area
Gadsden 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 Rate 5%
$203,480
Cap Rate 7%
$145,343
Cap Rate 9%
$113,044
Alternative Uses
Best Use
Industrial
$145.3K
$127.2K – $169.6K
NOI $10,174 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.7K
$321.8K – $429.0K
NOI $25,741 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 32324, FL
4,554
Population
1,898
Households
2.4
Avg Household Size
46
Median Age
9%
College-Educated
77%
High-School Grad
67.4 sq mi
ZIP Area
68
Density / Sq Mi
$42,607
Median Household Income
$33,053
Median Earnings
$606
Median Rent
$79,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - An enclosed structure offers open gathering space, a kitchen, private office, and two full bathrooms.
Where is this industrial land located?
The property is located at 28 Mckinley Street Chattahoochee, FL.
What is the asking price?
The asking price for this property is $126,500.
What are key features of this property?
This property features: 8.5‑acre industrial property with approximately 7.5 wooded acres; 1,500‑square‑foot enclosed metal building, built in 1991; Interior includes an open meeting room, kitchen area, private office, and two full bathrooms
