Concrete Block Duplex
For Sale
$299,000
416 SW 5TH STREET, Chiefland, FL 32626
Concrete block duplex with a newer metal roof, offering a 2/2 and 3/2 layout and front decks.
Property Size1,320 SF
Days on Market26
Property Features for 416 SW 5TH STREET
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Duplex
Zoning
RES
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,055
Amenities
concrete driveway
fully gated
deck
BBQ grill with roll-out awning
landscaped
Building Details
Building Size
1,320 SF
Year Built
1940
Stories
1
Construction
concrete block
Tenancy
Multi
Listing Agency:
BIG BEND HOME & LAND LLC
(352) 584-2020
Listed By:
Nancy Zubler-Turner
(352) 584-2020
Source:
Bonjorn
Added: Jul 18
Changed: Aug 8
Last Checked: Aug 11 at 1:15PM
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 BIG BEND HOME & LAND LLC
Investment Insights
Based on property information with market context.
This concrete block duplex features a newer metal roof installed approximately three years ago and has been newly remodeled/renovated. The property is configured as two separate homes within one duplex, including a 2-bedroom, 2-bath unit and a 3-bedroom, 2-bath unit. Both homes have decks in the front, and the exterior includes a concrete driveway and a fully gated setup.
Set on almost an acre of land, the property is landscaped and cleared. It is located just outside of Chiefland, close to downtown and area amenities.
With separate unit layouts and outdoor deck space for each home, the duplex provides a straightforward arrangement for tenants or multi-generational living.
Set on almost an acre of land, the property is landscaped and cleared. It is located just outside of Chiefland, close to downtown and area amenities.
With separate unit layouts and outdoor deck space for each home, the duplex provides a straightforward arrangement for tenants or multi-generational living.
Key Highlights
- Concrete block duplex built in 1940 with newer metal roof installed about 3 years ago
- Two‑unit layout: one 2/2 and one 3/2
- Almost an acre of land, landscaped and cleared
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
$12,959
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
4.33%
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%
$259,180
$259.2K
Cap Rate 7%
$185,129
$185.1K
Cap Rate 9%
$143,989
$144.0K
Market Conditions
NOI Build-Up for 1,320 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
$19.8K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$18.5K $14.03/SF
− OpEx
−$5.6K −$4.21/SF
NOI
$13.0K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$259,180
Cap Rate 7%
$185,129
Cap Rate 9%
$143,989
Alternative Uses
Best Use
Multifamily LT 5
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$166.1K
$145.4K – $193.8K
NOI $11,629 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$326.9K
$286.1K – $381.4K
NOI $22,886 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
305
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Concrete block duplex with a newer metal roof, offering a 2/2 and 3/2 layout and front decks.
Where is this duplex located?
The property is located at 416 SW 5TH STREET Chiefland, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Concrete block duplex built in 1940 with newer metal roof installed about 3 years ago; Two‑unit layout: one 2/2 and one 3/2; Almost an acre of land, landscaped and cleared
