Commercial Land with Building
920 SE STATE ROAD 100, Keystone Heights, FL 32656
For Sale
New
$350,000
CI zoning and a partially completed structure provide a starting point for commercial build-out.
Property Size2,400 SF
Price / SF$145.83
Days on Market5
Property Features for 920 SE STATE ROAD 100
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
HELEN HERSEY REALTY
Listed By:
HELEN HERSEY · License FL #595434
(352) 473-8882
Source:
Endlesssummerrealty
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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 HELEN HERSEY REALTY
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Investment Insights
Based on property information with market context.
This 0.67-acre commercial parcel includes a 2,400-square-foot building shell measuring 40 feet by 60 feet, with a 16-foot height and a 26-gauge roof. Constructed in 2024, the structure awaits interior build-out. The site is zoned CI, or Commercial Intensive, and geotechnical exploration and soil permeability testing have been completed; the reports are available for review.
The property fronts State Road 100 near Keystone Heights. A historical 2023 FDOT figure for the stretch between Starke and Keystone Heights is approximately 6,600 vehicles per day. The seller had considered an auto repair shop, while the stated zoning supports a broader range of commercial possibilities, subject to confirmation of permitted uses with Bradford County.
The property fronts State Road 100 near Keystone Heights. A historical 2023 FDOT figure for the stretch between Starke and Keystone Heights is approximately 6,600 vehicles per day. The seller had considered an auto repair shop, while the stated zoning supports a broader range of commercial possibilities, subject to confirmation of permitted uses with Bradford County.
Key Highlights
- 0.67‑acre commercial parcel zoned CI
- 2,400‑square‑foot shell built in 2024; 40' x 60' footprint and 16' height
- 26‑gauge roof installed on the building shell
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,956
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,120
$339.1K
Cap Rate 7%
$242,229
$242.2K
Cap Rate 9%
$188,400
$188.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$25.6K $10.68/SF
− Vacancy
−$1.4K −$0.59/SF
EGI
$24.2K $10.09/SF
− OpEx
−$7.3K −$3.03/SF
NOI
$17.0K $7.06/SF
Area
Clay County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,120
Cap Rate 7%
$242,229
Cap Rate 9%
$188,400
Alternative Uses
Best Use
Retail
$504.4K
$441.3K – $588.4K
NOI $35,306 @ 7.0% cap · market cap 10.09%
Second Best
Industrial
$242.2K
$212.0K – $282.6K
NOI $16,956 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$640.2K
$560.2K – $746.9K
NOI $44,813 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 32656, FL
14,686
Population
6,565
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
70.1 sq mi
ZIP Area
210
Density / Sq Mi
$73,201
Median Household Income
$40,985
Median Earnings
$1,068
Median Rent
$202,900
Median Home Value
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Market
Properties on Market for Commercial land in Clay County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - CI zoning and a partially completed structure provide a starting point for commercial build-out.
Where is this commercial land located?
The property is located at 920 SE STATE ROAD 100 Keystone Heights, 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: 0.67‑acre commercial parcel zoned CI; 2,400‑square‑foot shell built in 2024; 40' x 60' footprint and 16' height; 26‑gauge roof installed on the building shell
