Storefront Retail Building with
New
For Sale
$225,000
306 S MAIN Street, Chiefland, FL 32626
Commercial Sale, CHIEFLAND, FL
Property Size1,288 SF
Lot Size0.34 Acres
Price / SF$174.69
Days on Market4
Property Features for 306 S MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
CHIEFLAND DEV CO
Directions
Located on S Main Street/US Highway 19 in Chiefland, just south of the intersection of US Highway 19 and State Road 24. Property is on the east side of S Main Street.
Standard status
Active
APN
07138-000-00
Size
1,288 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 CHIEFLAND DEV CO BLK 31 LOTS 2 & 4 OR BOOK 1455 PAGE 732
Tax Annual Amount
2274
Legal Description
36-11-14 CHIEFLAND DEV CO BLK 31 LOTS 2 & 4 OR BOOK 1455 PAGE 732
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Water source
Public
Amenities
walk-in cooler
freezer
12-ft roll-up door
paved parking
fully fenced
covered canopy area
Building Details
Year built
1960
Building materials
Concrete
Roof type
Built-Up
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 10:06AM
MLS# GC543474
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.
This 1,288-square-foot storefront retail property in Chiefland occupies a 0.34-acre parcel and was built in 1960. The concrete building includes a covered canopy, paved parking, full perimeter fencing, and a new 12-foot roll-up door. Existing retail improvements include a walk-in cooler and freezer, while the current layout is configured for retail operations.
The property provides approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland. Public water and public sewer serve the site, and the building has a built-up roof with ductless heating. The sale excludes the sheds located on the property.
The property provides approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland. Public water and public sewer serve the site, and the building has a built-up roof with ductless heating. The sale excludes the sheds located on the property.
Key Highlights
- 1,288‑square‑foot concrete retail building on a 0.34‑acre parcel
- Approximately 120 feet of frontage along Main Street/US Highway 19
- Walk‑in cooler and freezer included
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
$13,657
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
6.07%
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%
$273,140
$273.1K
Cap Rate 7%
$195,100
$195.1K
Cap Rate 9%
$151,744
$151.7K
Market Conditions
NOI Build-Up for 1,288 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
$20.9K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$19.5K $15.15/SF
− OpEx
−$5.9K −$4.54/SF
NOI
$13.7K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$273,140
Cap Rate 7%
$195,100
Cap Rate 9%
$151,744
Alternative Uses
Best Use
Retail
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.0K
$279.1K – $372.2K
NOI $22,331 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 9%
Beauty & Spa 8%
Marathon
Shops & Services
4,411 visits/mo
0.3 miles
Citgo
Shops & Services
2,862 visits/mo
0.1 miles
City Electric Supply
Home Improvements & Furnishings
762 visits/mo
0.2 miles
Merle Norman Cosmetic Studio
Beauty & Spa
709 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Concrete retail building with a covered canopy, fenced grounds, and paved on-site parking.
Where is this storefront property located?
The property is located at 306 S MAIN Street Chiefland, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,288‑square‑foot concrete retail building on a 0.34‑acre parcel; Approximately 120 feet of frontage along Main Street/US Highway 19; Walk‑in cooler and freezer included
