Charming Commercial Building in
For Sale
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610 1st Ave, Williston, FL 32696
Standalone commercial building in a prime Williston location.
Property Size754 SF
Lot Size0.21 Acres
Price / SF$303.71
Days on Market677
Property Features for 610 1st Ave
General Information
Standard status
Active
Size
754 SF
Lot size
0.21 Acres
Property subtype
Special Purpose
Building Details
Year Built
1973
Listing Agency:
Cookie King Real Estate, Inc.
Listed By:
Anna K. "Cookie" King · License #FL
Source:
Crexi
Added: Oct 31, 2024
Changed: Aug 26
Last Checked: Sep 7 at 9:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cookie King Real Estate, Inc.
Investment Insights
Based on property information with market context.
This standalone commercial building is located in a busy area of Williston, Florida, near a grocery store, bank, shopping area, and popular restaurants. The building features a brick facade. The floor plan includes three separate offices, a waiting room, and a reception area. The property is move-in-ready. The building is situated on a fraction of lots 16 & 17 in block 2 of the Weona Hills Est, measuring 90 ft x 100 ft. The property is 754 square feet.
Key Highlights
- Prime location in a busy area near a grocery store, bank, shopping area, and restaurants.
- Move‑in‑ready condition suitable for various business types.
- Charming brick facade with strong curb appeal.
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
$9,405
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
4.11%
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%
$188,100
$188.1K
Cap Rate 7%
$134,357
$134.4K
Cap Rate 9%
$104,500
$104.5K
Market Conditions
NOI Build-Up for 754 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
$14.9K $19.80/SF
− Vacancy
−$2.4K −$3.17/SF
EGI
$12.5K $16.63/SF
− OpEx
−$3.1K −$4.16/SF
NOI
$9.4K $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%
$188,100
Cap Rate 7%
$134,357
Cap Rate 9%
$104,500
Alternative Uses
Best Use
Office B
$134.4K
$117.6K – $156.8K
NOI $9,405 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.8K
$163.4K – $217.9K
NOI $13,073 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Standalone commercial building in a prime Williston location.
Where is this office units located?
The property is located at 610 1st Ave Williston, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Prime location in a busy area near a grocery store, bank, shopping area, and restaurants.; Move‑in‑ready condition suitable for various business types.; Charming brick facade with strong curb appeal.
