Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1503 Rives Ave Steinhatchee, FL 32359

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property in Steinhatchee, Florida, with excellent visibility.

    Type:Retail
    Property size:
    1,050 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $333/SF
    Added:
    Aug 8, 2024
    Days on Market:
    630
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1503 Rives Ave

    General Information

    Standard status
    Active
    Size
    1,050 SF
    Lot size
    0.19 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Lisa Dodd

    Listing agent Lisa Dodd License #FL

    Listing office MAXREV

    Listing date Aug 8, 2024

    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 MAXREV

    Overview

    Prime Commercial Location in Steinhatchee

    This 1050 square foot metal building is positioned on the main street in Steinhatchee, Florida, offering accessibility and visibility. Currently used as a retail fish market, the property is suitable for a variety of businesses. The property includes a lean-to across the back of the building, offering expansion possibilities. The property is located at Lot 4 Block 4 in Steinhatchee Subdivision, as recorded in Official Records 543-621, 820-12, and 820-16, encompassing 0.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Storage Facility Furniture & Home Goods Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Steinhatchee
    County
    Taylor
    State
    Florida
    Longitude
    -83.3311
    Latitude
    29.6015

    Nearby Similar for Sale

    • $300,000

      Steinhatchee Land with RV Hookups

      Almost 4 acres in Steinhatchee with RV hookups.
      305 Sugar Hill Rd, Steinhatchee, FL 32359
      View Details
    • $199,000

      RV Hookups in Steinhatchee

      Investment property with six RV hookups near Steinhatchee River.
      11 Fourth Ave, Steinhatchee, FL 32359
      View Details
    • $155,000

      Cooey's Island RV Hookup Property

      Unique property with income potential near Steinhatchee River.
      1468 JR Howell Rd, Steinhatchee, FL 32359
      View Details
    • $155,000

      Cooey's Island RV Hookup Property

      Unique property with RV hookups and income potential.
      1468 JR Howell Rd, Steinhatchee, FL 32359
      View Details
    • $178,000
      803 SF

      Steinhatchee Condo Near Boat Ramp

      2-bedroom condo near local attractions in Steinhatchee, Florida.
      15 NW First Street 307, Steinhatchee, FL 32359
      View Details
    • $3,500,000
      15,000 SF

      Waterfront Marina with Redevelopment Potential

      9-acre waterfront property with diverse income streams and redevelopment potential.
      7022 SW Hwy 358, Steinhatchee, FL 32359
      View Details
    • $750,000
      3,616 SF

      Steinhatchee Landing Resort Commercial Space

      Commercial space in Steinhatchee Landing Resort, ideal for events.
      219 Hwy 51, Steinhatchee, FL 32359
      View Details
    • $799,000
      10,670 SF

      Commercial Property with Living Quarters

      Turn-key commercial space with office, retail, shop, and apartment.
      105 SE Fifteenth Street, Steinhatchee, FL 32359
      View Details
    • $395,000
      1,676 SF

      Established Steinhatchee Restaurant Opportunity

      Turn-key restaurant with loyal clientele and expansion potential.
      213 SE tenth Street, Steinhatchee, FL 32359
      View Details
    • $300,000
      1,040 SF

      Affordable Commercial Space in Steinhatchee

      Move-in ready commercial space with road frontage in Steinhatchee, Florida.
      806 SE First Avenue, Steinhatchee, FL 32359
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property in Steinhatchee, Florida, with excellent visibility.
    Where is this grocery and convenience store located?
    The property is located at 1503 Rives Ave Steinhatchee, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime commercial location on the main street in Steinhatchee, FL, offering high visibility and accessibility.; 1050 square foot metal building suitable for a variety of businesses.; Built in 2021, indicating a relatively new and modern structure.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lisa Dodd
    Real Estate License ID: FL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!