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    6005 40 Highway W Yankeetown, FL 34498

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    For Sale
    $625,000

    SINGLE_FAMILY - Yankeetown, FL

    Type:Office
    Property size:
    2,520 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $248/SF
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 6:06 pm

    Property Features for 6005 40 Highway W

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    GNC
    Parking features
    Driveway
    Exterior features
    Landscaping, GravelDriveway, RoomForPool
    Standard status
    Active
    APN
    0799500000
    Size
    2,520 SF
    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

    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)

    We can help!

    Listing Contact
    Christopher Hodges

    Listing agent Christopher Hodges License #3260213

    Listing office Dunnellon Real Estate LLC 19330 SW 83rd Pl Rd, FL

    Listing date May 1, 2026

    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.

    Overview

    Highway Frontage Commercial Opportunity

    This commercial property in Yankeetown, Florida, offers an opportunity for business ventures. The property features 250 feet of frontage on Highway 40 West. It is positioned to benefit from the area's eco-tourism and outdoor activities. The commercial property includes a 2,520-square-foot commercial building, a 1,500-square-foot commercial building, and a vacant corner lot at the intersection of Highway 40 and 60th Street. The property consists of two lots equipped with septic systems and public water access. The buildings are well-maintained with updated roofs. The total land area covers 0.86 acres and is zoned CN (Commercial Neighborhood). The location is approximately 10 minutes from Bird Creek Boat Ramp and 5 minutes from Withlacoochee Gulf Preserve. The property is located in Levy County, with a Yankeetown address and postal code of 34498.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Yankeetown
    County
    Levy
    State
    Florida
    Longitude
    -82.714773
    Latitude
    29.033816

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    FAQs

    What type of property is this?
    Mixed-use property - Prime commercial property in Yankeetown with highway frontage.
    Where is this mixed-use property 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: Prime commercial location with **250 feet of frontage on Highway 40 West** in Yankeetown.; Includes two commercial buildings (2,520 sq ft and 1,500 sq ft) ready for immediate business operation with **recently updated roofs**.; Additional vacant corner lot at the intersection of Highway 40 and 60th Street with septic systems and public water access.
    (352) 875-7787
    We can help!
    Listing Contact
    Christopher Hodges
    Real Estate License ID: 3260213
    Learn More
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    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
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    6005 40 Highway W, Yankeetown, FL 34498

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