Listing Agency: Hill Spooner & Elliott Inc h***@hillspooner.com Show Phone

Listed By: Anthony Laudadio · License #640480 Show Phone

Added: Oct 14 Last Checked: Oct 16 at 3:06AM

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MLS# 405964

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

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Investment Insights

Based on property information with market context.

The storefront at 307 N Main Street provides approximately 1,354 square feet of commercial space on a 0.05-acre lot. The property is in Havana’s historic downtown, where nearby businesses include boutiques, antique shops, restaurants, and specialty retailers. Potential uses identified for the space include retail, a gallery, or a professional office.

Havana is a short drive from Tallahassee and draws local residents and visitors for shopping and dining. The property’s North Main Street address places it within the town’s established downtown commercial area.

Key Highlights

• Approximately 1,354 square feet of commercial storefront space
• 0.05‑acre lot
• Address on North Main Street in Havana’s historic downtown

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,151

Cap Rate

6.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,020 $263.0K

Cap Rate 7%

$187,871 $187.9K

Cap Rate 9%

$146,122 $146.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,354 SF

Gross rent

$20.3K $15.00/SF

− Vacancy

−$1.5K −$1.13/SF

EGI

$18.8K $13.88/SF

− OpEx

−$5.6K −$4.16/SF

NOI

$13.2K $9.71/SF

Area

Gadsden County, FL

Vacancy

7.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,020

Cap Rate 7%

$187,871

Cap Rate 9%

$146,122

Alternative Uses

Best Use

Retail

$187.9K

$164.4K – $219.2K (±1% cap)

NOI $13,151 @ 7.0% cap · market cap 6.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$331.9K

$290.5K – $387.3K (±1% cap)

NOI $23,236 @ 7.0% cap · market cap 12.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pecan Tree Antiques Home Decor Store Preacher's Corner Barbershop/Salon Barber Shop First Class Cars ... Car Dealership MELANIN RICH CHICK (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Building Supply Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

273

Businesses Nearby

38k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Groceries 29% Dining 17%

Harveys Supermarket Groceries

10,905 visits/mo 0.4 miles

ARCO Shops & Services

7,337 visits/mo 0.1 miles

Burger King Dining

4,846 visits/mo 0.3 miles

Capital City Bank Shops & Services

3,648 visits/mo 0.2 miles

Exxon Shops & Services

3,432 visits/mo 0.4 miles

Demographics for 32333, FL

11,499

Population

5,162

Households

2.2

Avg Household Size

50

Median Age

33%

College-Educated

88%

High-School Grad

105.6 sq mi

ZIP Area

109

Density / Sq Mi

$56,968

Median Household Income

$39,092

Median Earnings

$917

Median Rent

$211,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

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Downtown Retail Space

103 W 7TH Avenue, Havana, FL 32333

$265,000

0.06 Acres

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Church Facility with Conference Room

Havana, FL 32333

$215,000

0.16 Acres

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Similar Off Market Nearby

• A Touch of Class Florist/Celebrations on Main — 103 N Main St, Havana, FL 32333

Frequently Asked Questions

What type of property is this?

Storefront property - This small-format commercial space fronts North Main Street in Havana’s historic downtown.

Where is this storefront property located?

The property is located at 307 N Main Street Havana, FL.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: Approximately 1,354 square feet of commercial storefront space; 0.05‑acre lot; Address on North Main Street in Havana’s historic downtown