Office Buildings with Highway
For Sale
$625,000
6005 40 Highway W, Yankeetown, FL 34498
CommercialSale, Yankeetown, FL
Property Size4,020 SF
Lot Size0.86 Acres
Price / SF$155.47
Days on Market185
Property Features for 6005 40 Highway W
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GNC
Parking features
Driveway
Exterior features
Landscaping, GravelDriveway, RoomForPool
Subdivision
Not on List
Lot features
Cleared, Corner Lot, Flat
Directions
From Dunnellon: Take Highway 40 W (CR 40) for approx. 17 miles. You will cross over US 19. Continue on Highway 40 W (CR 40) to address on left.
Standard status
Active
APN
0799500000
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
05-17-16 YANKEETOWN BLK 10 LOT 3 OR BOOK 1652 PAGE 208
Tax Annual Amount
2618
Legal Description
05-17-16 YANKEETOWN BLK 10 LOT 3 OR BOOK 1652 PAGE 208
Utilities
Sewer type
Septic Tank
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Block, Concrete
Roof type
Metal
Additional Structures
Garage(s)
Buildings
2
Listing Agency:
Dunnellon Real Estate LLC
Listed By:
Christopher Hodges · License #3260213
(352) 875-7787
Added: May 1
Changed: Oct 30
Last Checked: Nov 1 at 2:06PM
MLS# 854493
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property includes two commercial buildings measuring 2,520 square feet and 1,500 square feet, plus a vacant corner lot. The improvements were built in 1974 and feature block and concrete construction, metal roofs, concrete and tile flooring, and window-unit cooling. Driveway parking, landscaping, and gravel access are also present.
The property spans 0.86 acres with 250 feet of frontage along Highway 40 West, at the intersection of Highway 40 and 60th Street in Yankeetown. Public water and septic systems serve the property. Bird Creek Boat Ramp is approximately 10 minutes away, while Withlacoochee Gulf Preserve is approximately 5 minutes away. The buildings and additional corner parcel provide a multi-improvement office offering in Levy County.
The property spans 0.86 acres with 250 feet of frontage along Highway 40 West, at the intersection of Highway 40 and 60th Street in Yankeetown. Public water and septic systems serve the property. Bird Creek Boat Ramp is approximately 10 minutes away, while Withlacoochee Gulf Preserve is approximately 5 minutes away. The buildings and additional corner parcel provide a multi-improvement office offering in Levy County.
Key Highlights
- 2,520‑square‑foot commercial building included
- 1,500‑square‑foot commercial building included
- 250 feet of frontage along Highway 40 West
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,145
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,900
$1.0M
Cap Rate 7%
$716,357
$716.4K
Cap Rate 9%
$557,167
$557.2K
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$79.6K $19.80/SF
− Vacancy
−$12.7K −$3.17/SF
EGI
$66.9K $16.63/SF
− OpEx
−$16.7K −$4.16/SF
NOI
$50.1K $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%
$1,002,900
Cap Rate 7%
$716,357
Cap Rate 9%
$557,167
Alternative Uses
Best Use
Office B
$716.4K
$626.8K – $835.8K
NOI $50,145 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.7K
$871.2K – $1.16M
NOI $69,697 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 34498, FL
588
Population
542
Households
1.1
Avg Household Size
61
Median Age
31%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
81
Density / Sq Mi
$56,875
Median Household Income
$50,260
Median Earnings
$1,110
Median Rent
$307,800
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 - Two office structures and a corner parcel form a multi-building commercial property with public water and septic service.
Where is this office building located?
The property is located at 6005 40 Highway W Yankeetown, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,520‑square‑foot commercial building included; 1,500‑square‑foot commercial building included; 250 feet of frontage along Highway 40 West
