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 Market143
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
Concrete, Tile
Building materials
Block, Concrete
Roof type
Metal
Additional Structures
Garage(s)
Listing Agency:
Dunnellon Real Estate LLC
Listed By:
Christopher Hodges · License #3260213
(352) 875-7787
Added: May 1
Changed: Sep 12
Last Checked: Sep 20 at 9:06PM
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.
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 = 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
$50,145
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
8.02%
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%
$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
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
$79.6K $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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
