Corner-Lot Office
304 NE 1ST Street Chiefland, FL 32626
For Sale
$350,000
SINGLE_FAMILY - CHIEFLAND, FL
Property Size2,339 SF
Lot Size0.27 Acres
Price / SF$149.64
Days on Market16
Property Features for 304 NE 1ST Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 06979-001-00
- Size
- 2,339 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 36-11-14 CHIEFLAND BLK 16 LOTS 6 & 8 & E1/2 OF VAC ALLEYWAY OR BOOK 1772 PAGE 297
- Tax Annual Amount
- 4785
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1965
- Building materials
- Block, Concrete
Listing Agency:
COLDWELL BANKER ELLISON REALTY O
(352) 732-8350
Listed By:
Jennifer Arango · License #3556966
(407) 744-8180
Added: Jul 8
Changed: Jul 15
Last Checked: Jul 23 at 4:06PM
MLS# OM728209
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for sale, this commercial office building is located at 304 NE 1st Street in Chiefland, Florida. The property offers a flexible interior layout with five private offices and 1.5 bathrooms.
Set on a corner lot, the building includes newly installed fencing and private parking spaces. Public remarks note the location is about one block from downtown, with convenient access to local businesses, restaurants, shopping, and major highways.
The space is presented as suitable for a variety of professional business uses, making it a practical option for organizations seeking dedicated private office rooms within a centrally located commercial setting.
Set on a corner lot, the building includes newly installed fencing and private parking spaces. Public remarks note the location is about one block from downtown, with convenient access to local businesses, restaurants, shopping, and major highways.
The space is presented as suitable for a variety of professional business uses, making it a practical option for organizations seeking dedicated private office rooms within a centrally located commercial setting.
Key Highlights
- 2,339 sq. ft. commercial building with a flexible layout for a variety of business uses
- 5 private offices plus 1.5 bathrooms
- Corner lot with newly installed fencing and private parking spaces
Financial Insights For Office B
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 | $46.3k | $19.80 |
| − Vacancy | −$7.4k | −$3.17 |
| EGI | $38.9k | $16.63 |
| − OpEx | −$9.7k | −$4.16 |
| NOI | $29.2k | $12.47 |
2,339 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.3K
$506.9K – $675.9K
NOI $40,553 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Southeast Clinical Research
Physician
Burkett Elizabeth A DO
Medical Clinic
Donn Keels
Physician
FAQs
What type of property is this?
Office building - Office building with five private offices and 1.5 baths, plus private parking on a fenced corner lot.
Where is this office building located?
The property is located at 304 NE 1ST Street Chiefland, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,339 sq. ft. commercial building with a flexible layout for a variety of business uses; 5 private offices plus 1.5 bathrooms; Corner lot with newly installed fencing and private parking spaces
