7670 115th St Chiefland, FL 32626
Commercial building with office and warehouse space on corner lot.
Property Features for 7670 115th St
General Information
- Standard status
- Active
- Size
- 5,300 SF
- Lot size
- 0.75 Acres
- Property subtype
- Retail, Industrial, Office
Building Details
- Year Built
- 1973
Listing office Jim King Realty, Inc. Chiefland (352) 535-5129
Listing date Aug 23, 2023
Source Crexi
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.
Key Highlights
- C‑3 zoning allows for most commercial uses.
- Located on a .75 acre corner lot on heavily traveled County Road.
- Includes 3500 sq ft of shop/warehouse space with 3‑phase electrical (240 amps), pressurized airline, and 5 roll‑up bay doors.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $10.20 |
| − Vacancy | −$2.7k | −$0.51 |
| EGI | $51.4k | $9.69 |
| − OpEx | −$15.4k | −$2.91 |
| NOI | $35.9k | $6.78 |
