Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1546 Ohio Ave Live Oak, FL 32060
    Back to Search
    Property profile & analytics

    1546 Ohio Ave, Live Oak, FL 32060

    View on Map
    • Retail properties & Spaces
    • 102,816 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1546 Ohio Ave

    Property type
    Retail properties & Spaces

    Description

    South Oaks Shopping Center, located at 1546 S Ohio Avenue in Live Oak, Florida (zip code 32060), presents a compelling investment opportunity in the thriving Suwannee County market. This established retail center boasts a total building area of 102,816 square feet, offering a diverse range of commercial spaces. Currently, there is a significant vacancy of 8,375 square feet available for lease, presenting a unique chance to establish or expand a business within a well-established center. The property's multiple tenancy structure ensures a vibrant and diverse shopping environment, attracting a consistent flow of customers. The property's classification is retail commercial, making it suitable for a variety of businesses. The substantial size of the available space provides ample room for a large-scale operation or the potential to subdivide for multiple tenants. Its location in Live Oak, within Suwannee County, offers access to a strong local market and convenient access for customers. This property is an excellent opportunity for businesses seeking a high-visibility location within a well-established retail center. The available space offers significant potential for growth and profitability in a desirable Florida market. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Live Oak
    County
    Suwannee
    State
    Florida
    Longitude
    -82.9877
    Latitude
    30.2856

    Comparable in this City

    • Value Estimation by Request

      10065 Hwy-129

      Individual retail properties
      10065 Hwy-129, Other City - In The State Of Florida, FL 32060
      View Details
    • Value Estimation by Request
      2,400 SF

      16390 60th Pl B B

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      16390 60th Pl B B, Live Oak, FL 32060-7601
      View Details
    • Value Estimation by Request
      1,504 SF

      4673 Us Hwy 129

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      4673 Us Hwy 129, Live Oak, FL 32060-8569
      View Details
    • Value Estimation by Request
      2,400 SF

      10302 90th Trl

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      10302 90th Trl, Live Oak, FL 32060-7697
      View Details
    • Value Estimation by Request
      2,040 SF

      10844 Cp Weed Pl

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      10844 Cp Weed Pl, Live Oak, FL 32060
      View Details
    • Value Estimation
      $9,475,000
      148,752 SF

      6868 Us Hwy 129

      DEPARTMENT STORE
      6868 Us Hwy 129, Live Oak, FL 32060-8476
      View Details

    Similar Nearby for Sale

    • $475,000
      1.00 Acre

      Commercial Building with Storage Units

      Commercial building with self-storage units and retail space.
      12776 Railroad St, Live Oak, FL 32060
      View Details
    • Contact for pricing

      6458 US-129, Live Oak, FL 32060

      Commercial land
      6458 Us Highway 129, Live Oak, FL 32060
      View Details
    • Contact for pricing
      2,373 SF

      Live Oak Fuel and Convenience

      2,373 SF fuel and convenience store for sale.
      6886 Suwannee Plaza Ln, Live Oak, FL 32060
      View Details
    • New
      $985,000
      7,682 SF

      Established Automotive Repair Business Opportunity

      Turn-key automotive repair business with spray booth in Live Oak.
      13508 Us Highway 90, Live Oak, FL 32060
      View Details
    • $44,990
      1.07 Acres

      Live Oak Residential Lot

      1+ acre residential lot in Savannah Plantation.
      19 88Th Trl, Live Oak, FL 32060
      View Details
    • $500,000
      5.00 Acres

      Live Oak Commercial Development Land

      5-acre commercial land parcel in Live Oak, Florida.
      5 Acres, Live Oak, FL 32060
      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.
    1546 Ohio Ave
    Live Oak, FL 32060
    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
    1546 Ohio Ave, Live Oak, FL, 32060
    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!