Two-Building Flex
For Sale
Contact for pricing
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$119.27
Days on Market27
Property Features for 6760 NW 138th Pl
General Information
Standard status
Active
Size
19,276 SF
Total Parking Spaces
23
Lot size
2.67 Acres
Property subtype
Office, Retail, Special Purpose, Industrial
Additional Details
Highway Access
Yes
Warehouse Space
10,868 SF
Building Details
Year Built
2002
Buildings
2
Listing Agency:
Real Broker, LLC
(352) 221-1080
Listed By:
Rebecca Slaughter · License #SL3428199
Source:
Crexi
Added: Jul 27
Changed: Aug 22
Last Checked: Aug 22 at 11:31AM
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 Real Broker, LLC
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 = 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
$180,799
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
7.86%
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%
$3,615,980
$3.6M
Cap Rate 7%
$2,582,843
$2.6M
Cap Rate 9%
$2,008,878
$2.0M
Market Conditions
NOI Build-Up for 19,276 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
$300.7K $15.60/SF
− Vacancy
−$22.6K −$1.17/SF
EGI
$278.2K $14.43/SF
− OpEx
−$97.4K −$5.05/SF
NOI
$180.8K $9.38/SF
Area
Levy County, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$3,615,980
Cap Rate 7%
$2,582,843
Cap Rate 9%
$2,008,878
Alternative Uses
Best Use
Flex RnD
$2.58M
$2.26M – $3.01M
NOI $180,799 @ 7.0% cap · market cap 7.86%
Second Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $140,826 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,200 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial 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?
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 $2,299,000.
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
