Climate-Controlled Flex
For Sale
$1,100,000
535 SE State Rd 26, Trenton, FL 32693
Commercial Sale, Trenton, FL
Property Size4,000 SF
Lot Size3.21 Acres
Price / SF$275
Days on Market131
Property Features for 535 SE State Rd 26
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Central Electric
Directions
From Trenton, Head SE on SR 26 towards Newberry. Property will be on your right hand side just past the Critter Camp and and across from Trenton Post Office. Look for the UNITED COUNTRY SMITH AND ASSOCIATES signs.
Subdivision
Gilchrist
Standard status
Active
APN
15-10-15-0000-0001-0020
Size
4,000 SF
Lot size
3.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT SW/C OF SW/4 OF NE/4 AS POB GO N 87 DEG E 306.84 FT GO N 01 DEG W 481.91 FT TO SRL R/W OF ST RD 26 GO S 77 DEG W 314 FT GO S 01 DEG E 427.31 FT TO POB CONT 3.214 AC M/L 85/510 & 515 294/496 2003/5076 2006/6635 201721001451
Tax Annual Amount
7173
Legal Description
COM AT SW/C OF SW/4 OF NE/4 AS POB GO N 87 DEG E 306.84 FT GO N 01 DEG W 481.91 FT TO SRL R/W OF ST RD 26 GO S 77 DEG W 314 FT GO S 01 DEG E 427.31 FT TO POB CONT 3.214 AC M/L 85/510 & 515 294/496 2003/5076 2006/6635 201721001451
Building Details
Year built
2018
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Brad Smith · License #550985
(352) 221-5256
Added: Apr 14
Changed: Aug 19
Last Checked: Aug 22 at 6:06AM
MLS# 799023
Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property includes a 4,000-square-foot commercial building completed in 2018. The structure is fully climate-controlled, heavily insulated, and equipped with an oversized HVAC system, office space, and separate men’s and women’s restrooms. The property is currently occupied by tenants, and the building is suited to combined office and commercial operations.
The 3.21-acre site fronts State Road 26 in Trenton and includes a large parking area, a DOT-approved entrance, retention pond, drainage systems, cleared land, and utility infrastructure. A DOH-approved well is also in place. The rear portion provides additional area for expansion or future site development, subject to applicable approvals.
The 3.21-acre site fronts State Road 26 in Trenton and includes a large parking area, a DOT-approved entrance, retention pond, drainage systems, cleared land, and utility infrastructure. A DOH-approved well is also in place. The rear portion provides additional area for expansion or future site development, subject to applicable approvals.
Key Highlights
- 4,000 square feet of commercial flex space
- 3.21‑acre site directly off State Road 26
- Built in 2018 with full climate control and heavy insulation
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
$49,896
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
4.54%
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%
$997,920
$997.9K
Cap Rate 7%
$712,800
$712.8K
Cap Rate 9%
$554,400
$554.4K
Market Conditions
NOI Build-Up for 4,000 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
$79.2K $19.80/SF
− Vacancy
−$12.7K −$3.17/SF
EGI
$66.5K $16.63/SF
− OpEx
−$16.6K −$4.16/SF
NOI
$49.9K $12.47/SF
Area
Gilchrist 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 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%
$997,920
Cap Rate 7%
$712,800
Cap Rate 9%
$554,400
Alternative Uses
Best Use
Office B
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 4.54%
Second Best
Flex RnD
$536.0K
$469.0K – $625.3K
NOI $37,518 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,350 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32693, FL
12,815
Population
4,908
Households
2.6
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
200.7 sq mi
ZIP Area
64
Density / Sq Mi
$64,128
Median Household Income
$36,361
Median Earnings
$919
Median Rent
$182,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Improved commercial property with office space, dedicated restrooms, and substantial site infrastructure.
Where is this flex space located?
The property is located at 535 SE State Rd 26 Trenton, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,000 square feet of commercial flex space; 3.21‑acre site directly off State Road 26; Built in 2018 with full climate control and heavy insulation
