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    503 Wade St Trenton, FL 32693

    Sponsored
    For Sale
    $379,000

    Turnkey Business, High Traffic Area

    Property size:
    2,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This 2,124 square foot commercial property in Trenton, Florida, presents a unique investment opportunity. Located on busy State Road 26, the property boasts high visibility and easy access, making it an ideal location for a variety of uses. Currently operating as a well-established dry-cleaning business, the sale includes the building, land, and all necessary equipment for seamless continuation of operations. High-quality cleaning and pressing machines are included. The property's versatility allows for diverse uses, including daycare, convenience store, storefront, executive office, or salon/barbershop. Built in 1965, this property offers significant potential for growth and profitability. Detailed financial information for the existing business is available upon request. The legal description includes all of fractional block 60 and a portion of 1st Avenue, situated between the south right-of-way line of ACL Co. and the north right-of-way line of State Road 26, as depicted on the plat of Trenton 27/359, excluding specified road right-of-way parcels (205/267, 143/248, 2000/2337, 2004/3403, 2005/7515, 2005/7517, 2011/117, 201821001045, 201921006042, 202421001718). The asking price is $379,000.

    Property Features for 503 Wade St

    General Information

    Property type
    Day care centers
    Square Feet
    2,124 SF

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Dewey Hatcher
    Dewey Hatcher

    Learn more

    Property Insight Report

    HighLights

    • $379,000 asking price.
    • 2,124 square foot retail and office building.
    • Located at 503 Wade St, Trenton, FL 32693.
    • Built in 1965.
    • Includes a well‑established, turnkey dry‑cleaning business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quality Cleaners & Laundry ... Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.8229811
    Latitude
    29.613588

    Nearby Comparable

    • $225,000
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      1.68 acres of commercial land, ready for development.
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    • $175,000
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      Trenton, FL Office Building

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    • $300,000

      Prime Trenton Commercial Land

      1.68 Acres, Highway Frontage, Ready to Develop
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    • $92,900
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      Trenton, FL Commercial Land

      6.5 Acres, Build Your Dream!
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    • $682,500
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      Trenton, Florida Acreage for Sale

      Versatile 39.5-acre property ideal for agriculture and development.
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    Nearby Similar for Sale

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    • $515,000
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      Trenton, FL Multi-Home Investment

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    • $175,000
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      Trenton, FL Office Building

      Commercial Intensive zoned building with high traffic count on SR 26.
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      20 Acres Farm Land For Sale

      20 acres of farm land, high and dry.
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    • Contact for pricing

      Trenton, FL Single Family Home

      Single family detached home in Trenton, Florida for sale.
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    FAQs

    What type of property is this?
    Day care center - Turnkey Business, High Traffic Area
    Where is this day care center located?
    The property is located at 503 Wade St Trenton, FL.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: $379,000 asking price.; 2,124 square foot retail and office building.; Located at 503 Wade St, Trenton, FL 32693.
    Request Owner's contact information
    503 Wade St Trenton, FL 32693
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    Trenton, FL 32693
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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
    503 Wade St Trenton, FL 32693
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    We can help!
    Listing Contact
    Dewey Hatcher
    Dewey Hatcher
    Real Estate License ID: FL
    Learn more
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