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    Former Bank Building with On-Site Parking Title is generated by Realmo AI

    300 W MAIN Street, Lake Butler, FL 32054

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    For Sale
    $760,000

    COMMERCIAL - Lake Butler, FL

    Property size:
    12,603 SF
    Lot size:
    1.90 Acres
    Price / SF:
    $60/SF
    Added:
    Jun 18, 2025
    Days on Market:
    352
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 300 W MAIN Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Parking Lot
    Security features
    Security Lighting
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    30-05-20-09-000-0180-0
    Size
    12,603 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    13258

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1993
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Carpet, Tile
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    RALPH SHAW

    Listing agent RALPH SHAW License #3381554

    Listing office COLDWELL BANKER SMITH AND SMITH REALTY 415 E CALL STREET, Starke, FL

    Listing date Jun 18, 2025

    MLS# 2097639

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former bank building with approximately 9,000 SF interior space for office, retail, professional services, or medical use (buyer to verify).
    • Brick construction with shingle roof and central cooling.
    • Central HVAC with electric heating and heat pump heating.
    • On‑site parking lot with accessible approach and ramp for accessibility.
    • Two multi‑stall customer restrooms plus finished employee breakroom and upstairs storage area.
    • Served by public water and public sewer.

    Overview

    Located at 300 W MAIN Street in Lake Butler, this former bank building offers approximately 9,000 square feet of interior space designed for a variety of commercial uses. The layout includes two multi-stall customer restrooms, a finished employee breakroom, and an upstairs storage area that can support day-to-day operations and additional inventory needs. With its substantial interior footprint, the property provides room to configure spaces to match different business models.

    Positioned in the heart of downtown Lake Butler, the building benefits from a central setting in a growing North Florida community. Ample on-site parking supports convenient access for customers and staff, making it practical for retail-facing operations and service providers that require easy drop-in visits.

    This property is well-suited for entrepreneurs and established businesses looking to start a new venture or expand within a downtown business district. The building’s core improvements and flexible use profile make it a candidate for office use, retail, professional services, or medical. As with any conversion or relocation, buyer should verify zoning and permitted uses before finalizing plans for the intended occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Butler
    County
    Union
    State
    Florida
    Longitude
    -82.341079
    Latitude
    30.022663

    FAQs

    What type of property is this?
    Office building - Flexible former bank building suited for office, retail, professional services, or medical, with ample on-site parking.
    Where is this office building located?
    The property is located at 300 W MAIN Street Lake Butler, FL.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Former bank building with approximately 9,000 SF interior space for office, retail, professional services, or medical use (buyer to verify).; Brick construction with shingle roof and central cooling.; Central HVAC with electric heating and heat pump heating.
    (904) 545-5033
    We can help!
    Listing Contact
    RALPH SHAW
    Real Estate License ID: 3381554
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    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
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