Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3644 Highway 349 Old Town, FL 32680

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3644 Highway 349 Old Town, FL 32680

    View on Map
    • Retail properties & Spaces
    • 320 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3644 Highway 349

    Year built
    1980
    Property size
    320 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional Old Town, Florida commercial property, located at 3644 Hwy 349, offers a unique blend of retail and office space. The 320 square foot building, constructed in 1980, is situated on a one-acre lot boasting high visibility due to its location on busy Highway 349. The property includes a six-foot chain-link fence with double gates, enhancing security. Further enhancing its utility are existing infrastructure elements such as a well and septic system. Additional features include a 25-foot shipping container, a 20x20 metal carport, and a 20x20 concrete slab with power. A paved entrance ensures convenient access. The property's location, approximately four miles from Old Town's center, offers a balance of accessibility and visibility. This versatile property presents numerous possibilities for entrepreneurs seeking a well-equipped and strategically located space. The asking price is $69,900. This is a rare opportunity to acquire a fully functional commercial property with significant potential for growth and return on investment. The property is zoned for retail and office use, offering flexibility for a variety of businesses. The substantial lot size provides ample room for expansion or future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -82.9839
    Latitude
    29.6543

    Comparable in this City

    • Value Estimation by Request
      10,640 SF

      39 512Th Ave

      Individual retail properties • 10,640 SF
      39 512Th Ave, Old Town, FL 32680
      View Details
    • Value Estimation by Request
      2,476 SF

      5606 Hwy 349

      RETAIL STORES (PERSONAL SERVICES) • 2,476 SF
      5606 Hwy 349, Old Town, FL 32680-8258
      View Details
    • Value Estimation
      $4,570,000
      1,500 SF

      Old Town, FL 32680

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      Old Town, FL 32680
      View Details
    • Value Estimation
      $540,000
      10,400 SF

      25873 Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 10,400 SF
      25873 Hwy 19, Old Town, FL 32680
      View Details
    • Value Estimation by Request
      1,200 SF

      28686 Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      28686 Hwy 19, Old Town, FL 32680-3917
      View Details
    • Value Estimation by Request
      3,282 SF

      536 168th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,282 SF
      536 168th Ave, Old Town, FL 32680-6065
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,740 SF

      Highway Frontage Commercial Property

      Prime commercial property on SE Highway 19 in Old Town.
      25878 Highway 19 SE, Old Town, FL 32680
      View Details
    • $850,000
      1,740 SF

      Prime Commercial Property on Highway 19

      Commercial property with frontage on Highway 19 in Old Town.
      25878 Highway 19, Old Town, FL 32680
      View Details
    • Contact for pricing

      Turnkey Auto Collision Facility

      Fully operational auto body shop on 5 acres in Florida.
      23306 Highway 19 SE, Old Town, FL 32680
      View Details
    • $129,000
      10.19 Acres

      10 Acres Near Suwannee River

      10-acre tract near Suwannee River, shopping, and Gulf.
      6 203Rd Ave, Old Town, FL 32680
      View Details
    • $99,000
      5.00 Acres

      Wooded Land Near Suwannee River

      5-acre wooded property near springs and Suwannee River.
      4987 353 Ave, Old Town, FL 32680
      View Details
    • $35,000
      1.93 Acres

      Wooded Lot Near Suwannee River

      1.93-acre wooded lot, 3.5 miles from Suwannee River.
      Tbd Hwy 349 NE, Old Town, FL 32680
      View Details
    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.
    3644 Highway 349
    Old Town, FL 32680
    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!