Hunting Land with Metal
For Sale
$725,000
790 NW 42 Ter, Chiefland, FL 32626
Acres of hunting-recreation land with shooting houses and ponds plus a metal building with roll-up doors and living quarters.
Property Size5,100 SF
Lot Size65.45 Acres
Price / SF$142.16
Days on Market56
Property Features for 790 NW 42 Ter
General Information
Standard status
Active
Size
5,100 SF
Lot size
65.45 Acres
Property subtype
Land
Additional Details
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$1,507
Listing Agency:
Jim King Realty, Inc. Chiefland
(352) 535-5129
Listed By:
Melanie Hutchison · License #3144535
(352) 535-5129
Source:
Elliman
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 10 at 8:29AM
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 Jim King Realty, Inc. Chiefland
Investment Insights
Based on property information with market context.
This property offers 65.45 acres of North Florida hunting and recreational land laid out as three separate 20+ acre parcels. Two of the parcels remain buildable for future homesites or family compounds. The grounds include seasonal ponds, established shooting houses, and multiple areas suitable for food plots to support native game. The property also contains mature cypress trees and was formerly operated as a cypress tree farm.
At the center is a 102' x 50' metal building with reinforced floors engineered to support heavy equipment. The building includes three roll-up doors, abundant storage space, and extensive shelving. Living quarters are built into the structure with two bedrooms, two bathrooms, a galley-style kitchen, a family room, and a wood-burning stove. Power is available, and the building is wired for both conventional electric service and solar power.
For tenants, buyers, or owners looking for a rural base for recreation and practical operations, the combination of buildable land, hunting improvements, and an equipment-capable metal structure supports flexible use. It also provides a self-contained on-site setup for weekend stays or off-grid-adjacent activities given the conventional power and solar wiring, while still being within about 15 minutes of schools, shopping, and everyday amenities and roughly 30 minutes from Cedar Key and coastal recreation.
At the center is a 102' x 50' metal building with reinforced floors engineered to support heavy equipment. The building includes three roll-up doors, abundant storage space, and extensive shelving. Living quarters are built into the structure with two bedrooms, two bathrooms, a galley-style kitchen, a family room, and a wood-burning stove. Power is available, and the building is wired for both conventional electric service and solar power.
For tenants, buyers, or owners looking for a rural base for recreation and practical operations, the combination of buildable land, hunting improvements, and an equipment-capable metal structure supports flexible use. It also provides a self-contained on-site setup for weekend stays or off-grid-adjacent activities given the conventional power and solar wiring, while still being within about 15 minutes of schools, shopping, and everyday amenities and roughly 30 minutes from Cedar Key and coastal recreation.
Key Highlights
- 65.45‑acre North Florida hunting and recreational property made up of three separate 20+ acre parcels
- Wildlife features include seasonal ponds, established shooting houses, and multiple areas suited for food plots for deer, turkey, and hogs
- Metal building centerpiece: 102' x 50' with reinforced floors for heavy equipment, three roll‑up doors, extensive storage, and shelving
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
$47,835
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
6.60%
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%
$956,700
$956.7K
Cap Rate 7%
$683,357
$683.4K
Cap Rate 9%
$531,500
$531.5K
Market Conditions
NOI Build-Up for 5,100 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
$79.6K $15.60/SF
− Vacancy
−$6.0K −$1.17/SF
EGI
$73.6K $14.43/SF
− OpEx
−$25.8K −$5.05/SF
NOI
$47.8K $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%
$956,700
Cap Rate 7%
$683,357
Cap Rate 9%
$531,500
Alternative Uses
Best Use
Flex RnD
$683.4K
$597.9K – $797.3K
NOI $47,835 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$494.2K
$432.4K – $576.6K
NOI $34,593 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,422 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
9
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hunting land - Acres of hunting-recreation land with shooting houses and ponds plus a metal building with roll-up doors and living quarters.
Where is this hunting land located?
The property is located at 790 NW 42 Ter Chiefland, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 65.45‑acre North Florida hunting and recreational property made up of three separate 20+ acre parcels; Wildlife features include seasonal ponds, established shooting houses, and multiple areas suited for food plots for deer, turkey, and hogs; Metal building centerpiece: 102' x 50' with reinforced floors for heavy equipment, three roll‑up doors, extensive storage, and shelving
