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    Bell, FL Commercial Opportunity Title is generated by Realmo AI

    829 S Main St, Bell, FL 32619

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    For Sale
    $450,000

    COMMERCIAL - Bell, FL

    Property size:
    3,102 SF
    Lot size:
    1.52 Acres
    Price / SF:
    $145/SF
    Added:
    Jul 17, 2025
    Days on Market:
    311
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 829 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    36-08-14-0000-0002-0020
    Size
    3,102 SF
    Lot size
    1.52 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM AT SE/C OF NE/4 OF NE/4 OF 36-08-14 GO W 665.04 FT TO WRLY R/W LN OF ST RD 49 GO W 535.71 FT TO POB CONT N 155. 29 FT GO W 100 FT GO S 150 FT GO E 141.90 FT TO POB 129/5 GRANT OF EASEMENT 202/148 202/154 & COM AT SE/C OF N/2 OF NE/4 OF 36-8-14 FOR POR THENCE RUN ALG S LN OF N/2 OF NE/4 S 89 DEG
    Tax Annual Amount
    976

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Natalie Rankin
    Natalie Rankin

    Listing agent Natalie Rankin License #3023353

    Listing office Hometown Realty of North Fl. Inc. 1160 S. Main St, Bell, FL

    Listing date Jul 17, 2025

    MLS# 795313

    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.

    HighLights

    • High‑traffic location directly on US HWY 129 (Main St).
    • Boasts over 2,600 square feet of air‑conditioned interior space.
    • Features a paved parking lot.
    • Suitable for a wide range of commercial uses (retail, service, professional).
    • Walking distance to other local businesses and schools.
    • Located in Gilchrist County, known for low taxes and "A" rated schools.

    Overview

    This commercial building offers over 2,600 square feet of air-conditioned interior space and is situated directly on US HWY 129 (Main St) in Bell, FL. The property benefits from a high traffic count and includes a paved parking lot. Its location is within walking distance of other local businesses and schools. The building, formerly used as a restaurant, is suitable for a variety of commercial uses. Potential business types include retail such as a grocery store, drug store, boutique, or florist; service businesses such as a salon/wellness studio, daycare or tutoring center, or dry cleaners/laundromat; and professional offices such as a law office, insurance agency, tax preparation service, or medical office. The property is located in Gilchrist County, which is known for its low taxes, "A" rated schools, crystal clear springs, and famous rivers. The property size is 3,102 square feet and the lot size is 1.517 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $429.9K
    NOI $38,694 @ 9.00% cap · cautious / downside scenario
    Moderate
    $552.8K
    NOI $38,694 @ 7.00% cap · market / base-case scenario
    Aggressive
    $773.9K
    NOI $38,694 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $61.4k $19.80
    − Vacancy −$9.8k −$3.17
    EGI $51.6k $16.63
    − OpEx −$12.9k −$4.16
    NOI $38.7k $12.47
    3,102 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $552.8K
    $483.7K – $644.9K (±1% cap)
    NOI $38,694 @ 7.0% cap · market cap 8.60%
    Second Best
    Specialty Retail
    $527.7K
    $461.7K – $615.6K (±1% cap)
    NOI $36,936 @ 7.0% cap · market cap 8.21%
    Theoretical Best
    Office A
    $768.3K
    $672.3K – $896.4K (±1% cap)
    NOI $53,781 @ 7.0% cap · market cap 11.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bell's Country Cooking Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bell
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.8608525
    Latitude
    29.7503801

    Nearby Similar for Sale

    • $269,900
      4,844 SF

      Commercial Investment Opportunity in Bell

      Versatile commercial building with income potential in thriving Bell.
      3280 W Powers Ave, Bell, FL 32619
      View Details
    • $249,000
      2,554 SF

      Bell, Florida Commercial Opportunity

      Prime commercial property with retail, office, and residential units.
      1180 S Main St, Bell, FL 32619
      View Details

    FAQs

    What type of property is this?
    Retail space - Over 2,600 SF commercial building on US HWY 129.
    Where is this retail space located?
    The property is located at 829 S Main St Bell, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑traffic location directly on US HWY 129 (Main St).; Boasts over 2,600 square feet of air‑conditioned interior space.; Features a paved parking lot.
    (352) 222-8575
    We can help!
    Listing Contact
    Natalie Rankin
    Natalie Rankin
    Real Estate License ID: 3023353
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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