Multi-Room Office
For Sale
$124,500
Pending
616 N Main St, Chiefland, FL 32626
Commercial Sale, Chiefland, FL
Property Size891 SF
Lot Size0.10 Acres
Days on Market163
Property Features for 616 N Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Chiefland center - travel S on US Highway 19. Right past the high school, the property will be on the right.
Subdivision
Levy
Standard status
Pending
APN
0078400000
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
36-11-14 0000.10 ACRE TRACT IN SE1/4 OF NE1/4 AKA LOT 17 AND NORTH 5 FT OF LOT 16 UNRECORDED PLAT OF DRUMMONDS ADD OR BOOK 1418 PAGE 624
Tax Annual Amount
1268
Legal Description
36-11-14 0000.10 ACRE TRACT IN SE1/4 OF NE1/4 AKA LOT 17 AND NORTH 5 FT OF LOT 16 UNRECORDED PLAT OF DRUMMONDS ADD OR BOOK 1418 PAGE 624
Amenities
window A/C units
bathroom
Building Details
Year built
1956
Listing Agency:
Hometown Realty of North Fl. Inc.
(352) 463-9001
Listed By:
Stephanie Barron
(352) 535-7167
Added: Apr 28
Changed: Oct 5
Last Checked: Oct 7 at 10:06PM
MLS# 799110
Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. 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 891-square-foot office property has several individual rooms and one bathroom. Window air-conditioning units are installed, and the building needs work. The parcel measures 0.1 acres; the building dates to 1956.
The property fronts US 19 and has direct access to the highway. Its existing room configuration offers multiple enclosed spaces within a compact commercial building.
The property fronts US 19 and has direct access to the highway. Its existing room configuration offers multiple enclosed spaces within a compact commercial building.
Key Highlights
- 891‑square‑foot office building
- Several individual rooms and one bathroom
- Window A/C units in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,114
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Healthy Phone Tech — 26 N Main St, Chiefland, FL 32626
Frequently Asked Questions
What type of property is this?
Office space - Several separate rooms, a bathroom, and window air-conditioning units provide the building’s existing commercial layout.
Where is this office space 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‑square‑foot office building; Several individual rooms and one bathroom; Window A/C units in place
