Two-Building Flex
For Sale
$1,800,000
6760 Nw 138th Pl, Chiefland, FL 32626
Versatile commercial improvements include warehouse, office, showroom, loft, and open areas across two separate buildings.
Property Size19,276 SF
Lot Size2.67 Acres
Price / SF$93.38
Days on Market72
Property Features for 6760 Nw 138th Pl
General Information
Standard status
Active
Size
19,276 SF
Lot size
2.67 Acres
Additional Details
Highway Access
Yes
Warehouse Space
10,868 SF
Taxes and HOA fees
Annual Taxes
$15,562
Building Details
Buildings
2
Listing Agency:
United Country Smith & Associates Chiefland
(352) 493-4200
Listed By:
Rebecca Young
(352) 221-1080
Source:
Exprealty
Added: Jul 28
Changed: Sep 6
Last Checked: Oct 5 at 8:13PM
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 United Country Smith & Associates Chiefland
Investment Insights
Based on property information with market context.
This flex property includes two separate commercial buildings totaling 19,276 square feet on 2.67 acres. The improvements include a 10,868-square-foot warehouse currently used for truss manufacturing, along with a 8,408-square-foot main building containing office areas, a showroom, an upstairs loft, and expansive open space. Built in 2002, the property offers a combination of industrial, office, and display-oriented improvements within one commercial site.
The property is positioned just off US 19/98 at 6760 NW 138th Pl in Chiefland, Florida, outside the city limits and near the community. The acreage provides space for parking, inventory, equipment storage, or additional site use. Existing buildings and varied interior areas support continued manufacturing operations or other commercial applications consistent with the property’s physical configuration.
The property is positioned just off US 19/98 at 6760 NW 138th Pl in Chiefland, Florida, outside the city limits and near the community. The acreage provides space for parking, inventory, equipment storage, or additional site use. Existing buildings and varied interior areas support continued manufacturing operations or other commercial applications consistent with the property’s physical configuration.
Key Highlights
- 19,276 square feet of improvements on 2.67 acres
- 10,868‑square‑foot warehouse currently used for truss manufacturing
- 8,408‑square‑foot main building with offices, showroom, loft, and open areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,826
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,520
$2.8M
Cap Rate 7%
$2,011,800
$2.0M
Cap Rate 9%
$1,564,733
$1.6M
Market Conditions
NOI Build-Up for 19,276 SF
Gross rent
$173.5K $9.00/SF
− Vacancy
−$7.8K −$0.41/SF
EGI
$165.7K $8.59/SF
− OpEx
−$24.9K −$1.29/SF
NOI
$140.8K $7.31/SF
Area
Levy County, FL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,816,520
Cap Rate 7%
$2,011,800
Cap Rate 9%
$1,564,733
Alternative Uses
Best Use
Flex RnD
$2.58M
$2.26M – $3.01M
NOI $180,799 @ 7.0% cap · market cap 10.04%
Second Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $140,826 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,200 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial improvements include warehouse, office, showroom, loft, and open areas across two separate buildings.
Where is this flex space located?
The property is located at 6760 Nw 138th Pl Chiefland, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 19,276 square feet of improvements on 2.67 acres; 10,868‑square‑foot warehouse currently used for truss manufacturing; 8,408‑square‑foot main building with offices, showroom, loft, and open areas
