Two-Building Mixed-Use
For Sale
$1,800,000
6760 NW 138th Pl, Chiefland, FL 32626
Commercial Sale, Chiefland, FL
Property Size19,276 SF
Lot Size2.67 Acres
Price / SF$93.38
Days on Market47
Property Features for 6760 NW 138th Pl
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
US19 #1 Addition
Lot features
Central Electric, Multiple Units
Directions
From Chiefland head N on Hwy 19 approximately 2 miles. Turn right onto NW 138th PL. Property will be on the right.
Standard status
Active
APN
0753001800
Lot size
2.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
14-11-14 US 19 NO 1 ADD BLK B LOT 19 OR BOOK 1132 PAGE 629
Tax Annual Amount
15562
Legal Description
14-11-14 US 19 NO 1 ADD BLK B LOT 19 OR BOOK 1132 PAGE 629
Building Details
Year built
2002
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Rebecca Slaughter · License #SL3428199
(352) 221-1080
Added: Jul 28
Changed: Sep 9
Last Checked: Sep 12 at 3:06PM
MLS# 799645
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 mixed-use commercial property includes two buildings totaling more than 19,000 square feet on 2.67 acres. Built in 2002, the approximately 10,868-square-foot warehouse is being used for truss manufacturing and produces income. The approximately 8,408-square-foot main building combines open areas with offices, a showroom, and an upstairs loft, creating a varied commercial layout.
The property is positioned just off US Highway 19/98 near Chiefland, outside the city limits, with access to surrounding North Florida communities. Its acreage provides space for parking, inventory, equipment storage, and potential expansion. The improvements may support manufacturing, warehousing, contractor operations, equipment or vehicle sales, retail, fitness, entertainment, events, or other commercial uses, subject to applicable approvals.
The property is positioned just off US Highway 19/98 near Chiefland, outside the city limits, with access to surrounding North Florida communities. Its acreage provides space for parking, inventory, equipment storage, and potential expansion. The improvements may support manufacturing, warehousing, contractor operations, equipment or vehicle sales, retail, fitness, entertainment, events, or other commercial uses, subject to applicable approvals.
Key Highlights
- Two buildings totaling more than 19,000 square feet
- 2.67‑acre commercial site outside the city limits
- Approximately 10,868‑square‑foot warehouse used for truss manufacturing
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
$140,826
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
7.82%
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%
$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
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
$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 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%
$2,816,520
Cap Rate 7%
$2,011,800
Cap Rate 9%
$1,564,733
Alternative Uses
Best Use
Mixed Use
$3.18M
$2.78M – $3.71M
NOI $222,638 @ 7.0% cap · market cap 12.37%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
52
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - Commercial compound with warehouse, offices, showroom, open areas, and an upstairs loft.
Where is this mixed-use property 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: Two buildings totaling more than 19,000 square feet; 2.67‑acre commercial site outside the city limits; Approximately 10,868‑square‑foot warehouse used for truss manufacturing
