High-Visibility Office Retail
For Sale
$124,500
616 N Main St, Chiefland, FL 32626
Commercial building on US 19 with multiple interior rooms, one bathroom, and existing window A/C units.
Property Size891 SF
Price / SF$139.73
Days on Market130
Property Features for 616 N Main St
General Information
Standard status
Active
Size
891 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,268
Listing Agency:
Hometown Realty of North Fl. Inc.
(352) 463-9001
Listed By:
Stephanie Barron
(352) 535-7167
Source:
Exprealty
Added: Apr 28
Changed: Aug 28
Last Checked: Sep 1 at 9:41PM
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 Hometown Realty of North Fl. Inc.
Investment Insights
Based on property information with market context.
This commercial building offers a flexible interior layout with several individual rooms or office spaces and one bathroom. Window A/C units are already in place, and the property needs some work, allowing a buyer to customize the space to suit their intended use.
The building is positioned directly on US 19 with highway frontage and daily visibility, providing strong exposure for a small business or investor seeking a location with prominent road access.
The available configuration supports a variety of professional or service-oriented setups, with multiple rooms that can be used as private offices, treatment or work areas, or other tenant-specific spaces.
The building is positioned directly on US 19 with highway frontage and daily visibility, providing strong exposure for a small business or investor seeking a location with prominent road access.
The available configuration supports a variety of professional or service-oriented setups, with multiple rooms that can be used as private offices, treatment or work areas, or other tenant-specific spaces.
Key Highlights
- 891‑sq‑ft commercial building on US 19 with strong highway frontage and daily visibility
- Interior layout includes multiple individual rooms/office spaces and 1 bathroom
- Existing window A/C units are already in place
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
$11,114
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
8.93%
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%
$222,280
$222.3K
Cap Rate 7%
$158,771
$158.8K
Cap Rate 9%
$123,489
$123.5K
Market Conditions
NOI Build-Up for 891 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
$17.6K $19.80/SF
− Vacancy
−$2.8K −$3.17/SF
EGI
$14.8K $16.63/SF
− OpEx
−$3.7K −$4.16/SF
NOI
$11.1K $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%
$222,280
Cap Rate 7%
$158,771
Cap Rate 9%
$123,489
Alternative Uses
Best Use
Office B
$158.8K
$138.9K – $185.2K
NOI $11,114 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$220.7K
$193.1K – $257.5K
NOI $15,448 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 32626, FL
8,620
Population
4,358
Households
2
Avg Household Size
47
Median Age
13%
College-Educated
89%
High-School Grad
243.6 sq mi
ZIP Area
35
Density / Sq Mi
$49,643
Median Household Income
$34,057
Median Earnings
$844
Median Rent
$160,900
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 - Commercial building on US 19 with multiple interior rooms, one bathroom, and existing window A/C units.
Where is this office units located?
The property is located at 616 N Main St Chiefland, FL.
What is the asking price?
The asking price for this property is $124,500.
What are key features of this property?
This property features: 891‑sq‑ft commercial building on US 19 with strong highway frontage and daily visibility; Interior layout includes multiple individual rooms/office spaces and 1 bathroom; Existing window A/C units are already in place
