Historic Office Building with
New
For Sale
$455,000
322 E PARK, Chiefland, FL 32626
A corner-site professional office includes multiple private rooms, shared workspace, and a separate storage building.
Property Size2,481 SF
Lot Size0.64 Acres
Price / SF$183.39
Days on Market2
Property Features for 322 E PARK
General Information
Standard status
Active
Size
2,481 SF
Total Parking Spaces
15
Lot size
0.64 Acres
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,335
Building Details
Building Size
2,481 SF
Year Built
1920
Buildings
2
Units
1
Listing Agency:
Century 21 J W Morton Real Estate Inc
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Source:
Elliman
Added: Oct 24
Last Checked: Oct 24 at 2:49PM
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 Century 21 J W Morton Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,481-square-foot office property at 322 E Park Avenue in Chiefland has 10 private offices, a flex room, common area, foyer, kitchenette, and three bathrooms. Interior details include heart pine flooring, beadboard ceilings, crown molding, two brick fireplaces, stained glass entry doors, and French doors. Central HVAC and a columned front porch are also in place.
The 0.64-acre corner parcel includes approximately 4,000 square feet of paved parking for 15 or more vehicles, plus a detached 240-square-foot storage building. Two open, level lots lie immediately east of the building; additional parking, office expansion, or future development would be subject to governmental approvals. The property is currently used as a professional office.
The 0.64-acre corner parcel includes approximately 4,000 square feet of paved parking for 15 or more vehicles, plus a detached 240-square-foot storage building. Two open, level lots lie immediately east of the building; additional parking, office expansion, or future development would be subject to governmental approvals. The property is currently used as a professional office.
Key Highlights
- 1920‑built office building with 2,481 square feet
- 10 private offices, a flex room, common area, foyer, kitchenette, and 3 bathrooms
- 0.64‑acre corner parcel with two open, level lots immediately east of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,948
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,960
$619.0K
Cap Rate 7%
$442,114
$442.1K
Cap Rate 9%
$343,867
$343.9K
Market Conditions
NOI Build-Up for 2,481 SF
Gross rent
$49.1K $19.80/SF
− Vacancy
−$7.9K −$3.17/SF
EGI
$41.3K $16.63/SF
− OpEx
−$10.3K −$4.16/SF
NOI
$30.9K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,960
Cap Rate 7%
$442,114
Cap Rate 9%
$343,867
Alternative Uses
Best Use
Office B
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,015 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A corner-site professional office includes multiple private rooms, shared workspace, and a separate storage building.
Where is this office building located?
The property is located at 322 E PARK Chiefland, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1920‑built office building with 2,481 square feet; 10 private offices, a flex room, common area, foyer, kitchenette, and 3 bathrooms; 0.64‑acre corner parcel with two open, level lots immediately east of the building
