Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    490 E Hathaway Avenue Bronson, FL 32621

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,900

    Commercial property with highway frontage and secondary road access.

    Type:Mixed Use
    Property size:
    3,371 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $177/SF
    Added:
    May 29, 2024
    Days on Market:
    700
    Last Refresh:
    Apr 1 at 9:24 pm

    Property Features for 490 E Hathaway Avenue

    General Information

    Standard status
    Active
    Size
    3,371 SF
    Lot size
    3.00 Acres
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Shari Jabbar

    Listing agent Shari Jabbar

    Listing office JABBAR & ASSOCIATES REALTY LLC

    Listing date May 29, 2024

    Source Xome

    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 JABBAR & ASSOCIATES REALTY LLC

    Overview

    Bronson Commercial Land on Highway

    Located in Bronson, this commercial property offers nearly 3 acres of land with highway frontage on Highway 27. The property's location provides high visibility and accessibility. Access to a secondary road further enhances convenience and facilitates traffic flow. The owner is willing to add land to create a wider exit onto the secondary road, which would maximize convenience for potential businesses or developments. The property offers a strategic and accessible location for commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Melinda Gaitanis Physician Jabbargains (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronson
    County
    Levy
    State
    Florida
    Longitude
    -82.6369946
    Latitude
    29.4444034

    Nearby Similar for Sale

    • $1,300,000
      5,600 SF

      Childcare Facility in Bronson, Florida

      Operational childcare facility with real estate in North Central Florida.
      951 E HATHAWAY AVENUE, BRONSON, FL 32621
      View Details
    • $99,000

      Almost 5 Acre Vacant Land

      Vacant land with space, privacy, and endless possibilities.
      NE 88TH STREET, BRONSON, FL 32621
      View Details
    • $99,000

      Bronson, FL Vacant Land

      Almost 5 acres of land in Bronson, Florida.
      88TH Street, Bronson, FL 32621
      View Details
    • $130,000

      Farmland Corner Lot on Paved Road

      5+ acre cleared farmland with well and septic tank.
      11790 NE 30TH STREET, BRONSON, FL 32621
      View Details
    • $29,000

      Spacious Corner Lot in Bronson

      1.25-acre corner lot suitable for building a home.
      Tbd NE 120TH STREET, BRONSON, FL 32621
      View Details
    • $40,000

      Levy County Corner Lot

      1.25 acre corner lot near Gainesville and Gulf Coast.
      Lot 362 82nd Pl, Bronson, FL 32621
      View Details
    • $716,000

      Bronson, FL Commercial Development Opportunity

      8.95 acres of commercially zoned land in Bronson, Florida.
      TBD Commerce Street, Bronson, FL 32621
      View Details
    • $295,000
      1,344 SF

      Commercial Property on State Road

      Commercial property in Bronson, Florida, suitable for various business uses.
      9230 NE STATE ROAD 24, BRONSON, FL 32621
      View Details
    • $58,700

      Bronson, FL Vacant Land

      Two abutting 1.25-acre lots totaling 2.5 acres in Bronson, FL.
      01 NE 126 Street, Bronson, FL 32621
      View Details
    • $295,000

      Commercial Land with Live-Work Potential

      Commercial property in Bronson, FL, with live-work potential.
      9230 NE STATE ROAD 24, BRONSON, FL 32621
      View Details
    • $716,000

      Bronson, FL Commercial Development Land

      8.95 acres of commercially zoned land in Bronson, Florida.
      Tbd COMMERCE STREET, BRONSON, FL 32621
      View Details
    • $42,000

      Cleared Lot in Bronson, FL

      1.36 acre cleared lot ready for your dream home.
      Tbd NE 106TH TERRACE, BRONSON, FL 32621
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with highway frontage and secondary road access.
    Where is this commercial land located?
    The property is located at 490 E Hathaway Avenue Bronson, FL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Prime highway frontage on Highway 27 ensures high visibility and accessibility.; Expansive commercial property spanning nearly 3 acres.; Strategic positioning ideal for investment and commercial ventures.
    (352) 284-0120
    We can help!
    Listing Contact
    Shari Jabbar
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!