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    Property profile & analytics

    16302 Hwy 19 Cross City, FL 32628-3560

    • Retail properties
    • 8,272 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Oct 27, 2020
    $390,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5615861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 16302 Hwy 19

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Property size
    8,272 SF
    Zone code
    C-3
    Property type
    Retail properties
    APN
    04-10-12-1808-0002-001.0
    APU
    41012180800020010

    Description

    This exceptional 8,272-square-foot free-standing retail building presents a compelling investment opportunity in Cross City, Florida. Situated on a 0.32-acre lot at 16302 SE Hwy 19, this single-tenant property boasts high visibility on a major retail corridor with an average daily traffic count exceeding 9,000 vehicles. Built in 1950 and renovated in 1990, the building offers a single story and is zoned CI-Commercial Intensive, allowing for a wide range of commercial uses. The property features readily available power and is conveniently located in Dixie County, Florida, with the address 16302 SE Hwy 19, Cross City, FL 32628. Its prime location on US Highway 19 ensures maximum exposure and accessibility for businesses. The property's parcel number is 04-10-12-1808-0002-0010. This is an ideal opportunity for businesses seeking high visibility and convenient access to a substantial daily traffic flow. The property is available for sale or lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $668,000
      Market price range: $324k - $1.37M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cross City
    County
    Dixie
    State
    Florida
    Longitude
    -83.1296
    Latitude
    29.6361

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,434
    $22,300
    $184,500
    $206,800
    -
    $22,300
    $184,500
    $206,800

    Comparable in this City

    • Value Estimation
      $240,000
      600 SF

      Cross City, FL 32628

      NURSERY, GREENHOUSE, FLORIST • 600 SF
      Cross City, FL 32628
      View Details
    • Value Estimation
      $215,000
      1,275 SF

      16340 Hwy 19

      DEPARTMENT STORE • 1,275 SF
      16340 Hwy 19, Cross City, FL 32628-3560
      View Details
    • Value Estimation by Request
      3,540 SF

      19750 Highway 19

      Restaurants • 3,540 SF
      19750 Highway 19, Cross City, FL 32628
      View Details
    • Value Estimation
      $215,000
      5,500 SF

      16334 Hwy 19

      DEPARTMENT STORE • 5,500 SF
      16334 Hwy 19, Cross City, FL 32628-3560
      View Details
    • Value Estimation
      $135,000
      920 SF

      15079 Hwy 19

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 920 SF
      15079 Hwy 19, Cross City, FL 32628-4010
      View Details
    • Value Estimation
      $240,000
      1,400 SF

      25674 Hwy 19

      DEPARTMENT STORE • 1,400 SF
      25674 Hwy 19, Cross City, FL 32628
      View Details

    Similar Nearby for Sale

    • $575,000
      3,540 SF

      Cross City Commercial Gem

      3,540 SF Multi-Use Property
      19750 Us Highway 19, Cross City, FL 32628
      View Details
    • $599,900
      8,272 SF

      Cross City Retail Opportunity

      High-visibility retail building in Cross City's retail corridor.
      16302 Highway 19 SE, Cross City, FL 32628
      View Details
    • $339,000
      5,670 SF

      Cross City Commercial Building For Sale

      5,670 sq ft commercial building on US Hwy 19.
      16368 Highway 19, Cross City, FL 32628
      View Details
    • $55,000

      Highway 19 Commercial Space

      819 SF commercial space in Cross City, Florida.
      16296 Highway 19 SE, Cross City, FL 32628
      View Details
    • $69,900
      2.72 Acres

      Cross City Acreage Opportunity

      2.5-acre parcel in the heart of Cross City, Florida.
      361 242Nd St, Cross City, FL 32628
      View Details
    • Contact for pricing
      0.37 Acres

      Residential Lot in Cross City

      Homesite in prime location with city amenities close at hand.
      21St Ave, Cross City, FL 32628
      View Details
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    16302 Hwy 19
    Cross City, FL 32628-3560
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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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