Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chiefland Commercial Land Opportunity Title is generated by Realmo AI

    5.7 acre SW 4th Ave, Chiefland, FL 32626

    View on Map
    Claim this Listing
    For Sale
    $289,500

    COMMERCIAL - Chiefland, FL

    Lot size:
    5.78 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    655
    Last Refresh:
    May 24 at 10:06 pm

    Property Features for 5.7 acre SW 4th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0081500000
    Lot size
    5.78 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    01-12-14 0004.86 ACRES NW1/4 OF NW1/4 OF NE1/4 OR BOOK 1689 PAGE 540 AKA PARCEL A AND 27FT X 100FT TRACT and 01-12-14 0000.92 ACRES TRACT IN NW OF NW OF NE OR BOOK 1689 PAGE 540 PARCEL B
    Tax Annual Amount
    2409

    We can help!

    Listing Contact
    Deborah Drummond
    Deborah Drummond

    Listing agent Deborah Drummond License #BK3140862

    Listing office Drummond Realty Inc. PO Box 1970, Chiefland, FL

    Listing date Aug 8, 2024

    MLS# 791236 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.78 acres zoned C‑2 commercial in Chiefland, Florida
    • Located less than 1000' from US 19 in a high‑traffic area
    • Corner lot on SW 4 Ave (Cedar Key Highway/CR 345) and SW 5 St
    • C‑2 zoning allows for a wide range of commercial uses
    • Potential for rezoning to R‑2 for duplexes/apartments
    • Located in a rapidly growing population area

    Overview

    This 5.78-acre commercial property is located in Chiefland, Florida. Zoned C-2, the land is situated in a high-traffic area within the city limits, less than 1000 feet from US 19. The property comprises two parcels at the corner of SW 4 Ave (Cedar Key Highway or CR 345) and SW 5 St. The C-2 zoning allows for all uses and structures permitted in the C-1 commercial district, offering significant potential for various business ventures. The area is experiencing population growth, creating a need for new commercial businesses to support the increasing number of residents. The adjacent property was recently rezoned to R-2 in January 2025, suggesting the possibility of rezoning this property for constructing duplexes or apartments. This property presents an opportunity to invest in the future by providing services or housing for the community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chiefland
    County
    Levy
    State
    Florida
    Longitude
    -82.8635608
    Latitude
    29.4740757

    Nearby Similar for Sale

    • $2,299,000
      19,276 SF

      Versatile Commercial Space in Chiefland

      Unique property with over 19,000 sq ft of versatile space.
      6760 NW 138th Pl, Chiefland, FL 32626
      View Details
    • $132,500
      891 SF

      Commercial Building on US 19

      891 SF commercial building with highway frontage on US 19.
      616 N Main St, Chiefland, FL 32626
      View Details
    • $399,995
      2,802 SF

      Industrial Property on 6 Acres

      Industrial property featuring 8000+ sqft building on 6 acres.
      1606 SW 4TH PLACE, CHIEFLAND, FL 32626
      View Details
    • $389,000
      2,108 SF

      New Duplex Near Town Center

      New construction duplex with modern finishes near schools and amenities.
      91-93 NW 8TH STREET, CHIEFLAND, FL 32626
      View Details
    • $160,000
      1,620 SF

      Chiefland Homestead with Acreage

      Ten-acre homestead near downtown Chiefland with potential.
      7157 NW 120TH STREET, CHIEFLAND, FL 32626
      View Details
    • $450,000
      4,264 SF

      Established Commercial Property in Chiefland

      Established business property with office and manufacturing space for sale.
      1411 NW 23rd Ave, Chiefland, FL 32626
      View Details
    • $119,500

      Commercial Lot in Chiefland, FL

      Oversized commercial lot with existing structure in Chiefland, Florida.
      715 N YOUNG BOULEVARD, CHIEFLAND, FL 32626
      View Details
    • $3,750,000

      Prime Commercial Land in Chiefland

      53.8 acres with highway frontage in a growing area.
      Hwy 19, Chiefland, FL 32626
      View Details
    • $113,000

      Spacious Vacant Land in Chiefland

      5.69 acre vacant residential parcel in Chiefland, Florida.
      TBD NW 85TH AVENUE, CHIEFLAND, FL 32626
      View Details
    • $113,000

      Spacious Vacant Land in Chiefland

      5.69 acre residential parcel in rural Chiefland, Florida.
      NW 85TH Avenue, Chiefland, FL 32626
      View Details
    • $509,000
      5,636 SF

      Highway Frontage Commercial Building

      Versatile 5,636 sq. ft. commercial building on US Highway 19.
      103 N MAIN St, Chiefland, FL 32626
      View Details
    • $399,995
      8,000 SF

      Industrial Property with Multiple Loading Docks

      Industrial property featuring 6 acres, 8000+ sq ft building, 5 docks.
      1606 SW 4TH Pl, Chiefland, FL 32626
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.78 acres of commercial land zoned C-2.
    Where is this commercial land located?
    The property is located at 5.7 acre SW 4th Ave Chiefland, FL.
    What is the asking price?
    The asking price for this property is $289,500.
    What are key features of this property?
    This property features: 5.78 acres zoned C‑2 commercial in Chiefland, Florida; Located less than 1000' from US 19 in a high‑traffic area; **Corner lot on SW 4 Ave (Cedar Key Highway/CR 345) and SW 5 St**
    (352) 221-1677
    We can help!
    Listing Contact
    Deborah Drummond
    Deborah Drummond
    Real Estate License ID: BK3140862
    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

    Thank You for Inquiry
    5.7 acre SW 4th Ave, Chiefland, FL 32626
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!