Commercial Land and Corner Lot
For Sale
$625,000
6005 HIGHWAY 40 W, Yankeetown, FL 34498
COMMERCIAL - YANKEETOWN, FL
Property Size4,020 SF
Lot Size0.86 Acres
Price / SF$155.47
Days on Market93
Property Features for 6005 HIGHWAY 40 W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CN
Security features
Security Lighting
Appliances
Microwave, Refrigerator
Subdivision
A F KNOTTS LAND COMPANYS 01
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
07995-000-00
Size
4,020 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
Legal Description
05-17-16 YANKEETOWN BLK 10 LOT 3 OR BOOK 1652 PAGE 208
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Space Heater
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1974
Flooring type
Concrete, Tile
Building materials
Block
Listing Agency:
DUNNELLON REAL ESTATE LLC
(352) 875-7787
Listed By:
Christopher Hodges · License #3260213
(352) 875-7787
Added: May 1
Changed: Jul 31
Last Checked: Aug 1 at 11:06PM
MLS# OM723937
Copyright © 2026 Stellar MLS. 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.
Commercial land package situated in the center of Yankeetown, offering 250 feet of frontage along Highway 40 West on a total land area of 0.86 acres. The property is zoned CN (Commercial Neighborhood) and includes two commercial buildings plus a vacant corner lot at the intersection of Highway 40 and 60th Street.
The package features a 2,520-square-foot commercial building and a 1,500-square-foot commercial building, along with the vacant corner lot. Both buildings are described as well-maintained with recently updated roofs. The property includes septic systems and public water access, with electricity available.
Improvements include block construction with concrete and tile flooring, and the home has a space heater for heating and wall/window unit(s) for cooling. Appliances listed include a microwave and refrigerator. The property is approximately 10 minutes from Bird Creek Boat Ramp and about 5 minutes from Withlacoochee Gulf Preserve.
The package features a 2,520-square-foot commercial building and a 1,500-square-foot commercial building, along with the vacant corner lot. Both buildings are described as well-maintained with recently updated roofs. The property includes septic systems and public water access, with electricity available.
Improvements include block construction with concrete and tile flooring, and the home has a space heater for heating and wall/window unit(s) for cooling. Appliances listed include a microwave and refrigerator. The property is approximately 10 minutes from Bird Creek Boat Ramp and about 5 minutes from Withlacoochee Gulf Preserve.
Key Highlights
- 250 feet of frontage along Highway 40 West
- 0.86‑acre commercial land package zoned CN (Commercial Neighborhood)
- Two buildings: 2,520 SF and 1,500 SF plus a vacant corner lot
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $16.20 |
| − Vacancy | −$4.2k | −$1.05 |
| EGI | $60.9k | $15.15 |
| − OpEx | −$18.3k | −$4.54 |
| NOI | $42.6k | $10.60 |
4,020 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$608.9K
$532.8K – $710.4K
NOI $42,624 @ 7.0% cap · market cap 6.82%
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail 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?
Commercial land - Commercial land package in CN zoning with public water, septic systems, and two well-maintained buildings.
Where is this commercial land located?
The property is located at 6005 HIGHWAY 40 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: 250 feet of frontage along Highway 40 West; 0.86‑acre commercial land package zoned CN (Commercial Neighborhood); Two buildings: 2,520 SF and 1,500 SF plus a vacant corner lot
