Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    110 1St St Micanopy, FL 32667

    Property Lookup

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

    110 1St St Micanopy, FL 32667

    View on Map
    • Retail properties & Spaces
    • 2,685 SF
    • 0.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 110 1St St

    Year built
    1900
    Lot size
    0.41 lot acres
    Property size
    2,685 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional commercial property, located at 110 NE 1st Street in the charming town of Micanopy, Florida, presents a rare investment opportunity. Boasting a prime corner lot position, the building offers 2,685 square feet of climate-controlled retail space, perfectly suited for a variety of businesses. The property also includes two adjacent parcels, expanding the total land area to 0.41 acres, providing ample space for expansion or outdoor amenities. Micanopy is a thriving destination, attracting a significant number of local, state, and national visitors drawn to its unique blend of arts, crafts, antique shops, art galleries, and restaurants, all reflecting the classic Old Florida charm. Currently configured as an antique retail space, the property's versatile layout allows for adaptation to various commercial uses. The asking price has been adjusted to $400,000, reflecting the exceptional value and potential this property offers. This is a chance to own a piece of Micanopy's vibrant commercial landscape, in a high-traffic area with significant foot and vehicle traffic. The property's size and location make it an ideal investment for entrepreneurs seeking a well-established and attractive business environment. Don't miss this opportunity to secure a thriving commercial space in a sought-after Florida town.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Micanopy
    County
    Alachua
    State
    Florida
    Longitude
    -82.28
    Latitude
    29.5041

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      Micanopy, FL 32667

      DEPARTMENT STORE • 5.00 Acres
      Micanopy, FL 32667
      View Details
    • Value Estimation by Request
      5.00 Acres

      Micanopy, FL 32667

      DEPARTMENT STORE • 5.00 Acres
      Micanopy, FL 32667
      View Details
    • Value Estimation by Request
      2,184 SF

      Highway 441

      Individual retail properties • 2,184 SF
      0 Highway 441, Micanopy, FL 32667
      View Details
    • Value Estimation by Request
      7,566 SF

      22822 Us Hwy

      Refrigerated & Cold Storage • 7,566 SF
      22822 Us Hwy, Micanopy, FL 32667
      View Details
    • Value Estimation by Request
      8.88 Acres

      20778 Hwy 329

      DEPARTMENT STORE • 8.88 Acres
      20778 Hwy 329, Micanopy, FL 32667-7635
      View Details
    • Value Estimation by Request
      5.07 Acres

      Micanopy, FL 32667

      PARKING GARAGE, PARKING STRUCTURE • 5.07 Acres
      Micanopy, FL 32667
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Micanopy Retail Opportunity on Main

      Commercial property on Main Street in Micanopy, Florida for sale.
      110 Ne Cholokka Blvd, Micanopy, FL 32667
      View Details
    • $275,000
      Pending

      Commercial Building on US 441

      2,184 SF building on 1.74 acres with frontage.
      12001 Highway 441 S, Micanopy, FL 32667
      View Details
    • $125,000
      4.08 Acres

      Micanopy Land For Sale

      Four acre residential land parcel in Micanopy, Florida.
      9550 NW 230Th St E, Micanopy, FL 32667
      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.
    110 1St St
    Micanopy, FL 32667
    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!