Fenced Retail
New
For Sale
$225,000
306 S MAIN STREET, Chiefland, FL 32626
Configured for retail use with a covered canopy, paved parking, and cold-storage equipment.
Property Size1,288 SF
Price / SF$174.69
Days on Market5
Property Features for 306 S MAIN STREET
General Information
Standard status
Active
Size
1,288 SF
Property subtype
Retail
Building Details
Year Built
1960
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Source:
Dennisrealty
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 4:55AM
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 COLDWELL BANKER M.M. PARRISH REALTORS
Investment Insights
Based on property information with market context.
This 1,288-square-foot concrete-block storefront was built in 1960 and occupies a 0.34-acre parcel. The property is configured for retail use and includes a covered canopy, paved parking, full perimeter fencing, a walk-in cooler, and a walk-in freezer. A new 12-foot roll-up door supports receiving and access to the building.
The site offers approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland, providing exposure along a principal roadway. The existing improvements combine a functional retail layout with dedicated parking, cold-storage capability, and secured outdoor boundaries.
The site offers approximately 120 feet of frontage along Main Street/US Highway 19 in Chiefland, providing exposure along a principal roadway. The existing improvements combine a functional retail layout with dedicated parking, cold-storage capability, and secured outdoor boundaries.
Key Highlights
- 1,288‑square‑foot concrete‑block retail building on 0.34 acres
- Approximately 120 feet of frontage along Main Street/US Highway 19
- Walk‑in cooler and walk‑in 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
$15,336
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
6.82%
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%
$306,720
$306.7K
Cap Rate 7%
$219,086
$219.1K
Cap Rate 9%
$170,400
$170.4K
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
$21.6K $16.80/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$20.4K $15.88/SF
− OpEx
−$5.1K −$3.97/SF
NOI
$15.3K $11.91/SF
Area
Levy County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$306,720
Cap Rate 7%
$219,086
Cap Rate 9%
$170,400
Alternative Uses
Best Use
Specialty Retail
$219.1K
$191.7K – $255.6K
NOI $15,336 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 6.07%
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Configured for retail use with a covered canopy, paved parking, and cold-storage equipment.
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‑block retail building on 0.34 acres; Approximately 120 feet of frontage along Main Street/US Highway 19; Walk‑in cooler and walk‑in freezer included
