Metal Flex Building with Two Bay
For Sale
$299,000
570 N Hathaway Ave, Bronson, FL 32621
Commercial Sale, Bronson, FL
Property Size2,000 SF
Lot Size0.57 Acres
Price / SF$149.50
Days on Market93
Property Features for 570 N Hathaway Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
In Bronson, from the red light of SR 24 (E. Thrasher Dr.) and US 27 (Hathaway Ave.), go North on US 27 approx. 0.40 of a mile, property is on the right. Look for United Country Smith and Associates sign.
Subdivision
Levy
Standard status
Active
APN
0329500000
Size
2,000 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
07-12-17 0000.57 ACRES TRACT IN SW1/4 OF SE1/4 DB 81 PAGE 202 & ALL THAT PART OF NE1/4 OF SE1/4 OF SW1/4 LYING NORTHEASTERLY OF SR 500 OR BOOK 1604 PAGE 811-LESS ADD'N R/W OR BOOK 618 PAGE 466-
Tax Annual Amount
1150
Legal Description
07-12-17 0000.57 ACRES TRACT IN SW1/4 OF SE1/4 DB 81 PAGE 202 & ALL THAT PART OF NE1/4 OF SE1/4 OF SW1/4 LYING NORTHEASTERLY OF SR 500 OR BOOK 1604 PAGE 811-LESS ADD'N R/W OR BOOK 618 PAGE 466-
Building Details
Year built
2004
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Randy Wilkerson · License #SL3352261
(352) 317-6321
Added: May 27
Changed: Aug 19
Last Checked: Aug 27 at 2:06PM
MLS# 799295
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 2,000 square foot metal flex building was built in 2004 and is laid out for practical, flexible use. The building includes two oversized bay doors for vehicle or equipment access, a rear walk-through entrance for convenience, and a front office area with additional overhead storage.
The property sits on a high-visibility four-lane highway in Bronson, providing steady traffic exposure. It is positioned next door to the Levy County Road Department and directly across from the new Bronson Fire Department, supporting a strong day-to-day business presence for a variety of commercial uses.
With its warehouse-ready bay access and accompanying office space, the building can function as an operational base for service, contractor, automotive, retail, or other commercial needs.
The property sits on a high-visibility four-lane highway in Bronson, providing steady traffic exposure. It is positioned next door to the Levy County Road Department and directly across from the new Bronson Fire Department, supporting a strong day-to-day business presence for a variety of commercial uses.
With its warehouse-ready bay access and accompanying office space, the building can function as an operational base for service, contractor, automotive, retail, or other commercial needs.
Key Highlights
- High‑visibility location on a busy four‑lane highway.
- Versatile 2,000 sq. ft. metal building suitable for various commercial uses.
- Two oversized bay doors for easy access and functionality.
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
$18,759
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
6.27%
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%
$375,180
$375.2K
Cap Rate 7%
$267,986
$268.0K
Cap Rate 9%
$208,433
$208.4K
Market Conditions
NOI Build-Up for 2,000 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
$31.2K $15.60/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$28.9K $14.43/SF
− OpEx
−$10.1K −$5.05/SF
NOI
$18.8K $9.38/SF
Area
Levy County, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$375,180
Cap Rate 7%
$267,986
Cap Rate 9%
$208,433
Alternative Uses
Best Use
Flex RnD
$268.0K
$234.5K – $312.7K
NOI $18,759 @ 7.0% cap · market cap 6.27%
Second Best
Warehouse
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32621, FL
5,396
Population
2,495
Households
2.2
Avg Household Size
41
Median Age
10%
College-Educated
84%
High-School Grad
73.5 sq mi
ZIP Area
73
Density / Sq Mi
$52,840
Median Household Income
$39,181
Median Earnings
$596
Median Rent
$114,200
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Built in 2004, this metal flex building offers two oversized bay doors, a rear walk-through entrance, and front office space.
Where is this flex space located?
The property is located at 570 N Hathaway Ave Bronson, 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: High‑visibility location on a busy four‑lane highway.; Versatile 2,000 sq. ft. metal building suitable for various commercial uses.; Two oversized bay doors for easy access and functionality.
