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    Property profile & analytics

    4 Main St Chiefland, FL 32626

    • Retail space
    • 784 SF
    • 0.03 lot acres
    For Sale
    View listing
    $49,900
    Last Sale
    Dec 10, 2024
    $38,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8274189
    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 space

    Property Details for 4 Main St

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    784 SF
    Property type
    Retail space
    APN
    069970020A
    APU
    069970020A

    Description

    This versatile 784-square-foot commercial property at 4 Main St, Chiefland, FL 32626, presents a unique investment opportunity. Built in 1935, the building is ideally situated on Hwy 19, benefiting from high traffic counts within a thriving business complex. The open floor plan is complemented by a separate central area including a bathroom, and a rear room with its own exterior exit. This adaptable space is suitable for a variety of uses, including daycare, religious services, storefront retail, executive offices, or a salon/barbershop. The asking price is $49,900, and the sale is cash only, as-is. The property's legal description is 36-11-14 CHIEFLAND BLK 21 S 13.70 FT OF N 34.5 FT OF LOT 2 OR BOOK 1602 PAGE 364. This presents a strong value proposition for entrepreneurs seeking to establish a new business or expand an existing portfolio. The property's location within a busy commercial area ensures high visibility and accessibility, making it an attractive option for a range of commercial ventures. The existing layout offers flexibility for customization to meet specific business needs. Don't miss this chance to acquire a well-located, affordable commercial space in a growing Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chiefland
    County
    Levy
    State
    Florida
    Longitude
    -82.86
    Latitude
    29.4785
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    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
    $563
    $0.00
    $0.00
    $19,825
    -
    $5,480
    $14,345
    $19,825

    Comparable in this City

    • Value Estimation
      $1,290,000
      8,181 SF

      2145 11th Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,181 SF
      2145 11th Dr, Chiefland, FL 32626-1924
      View Details
    • Value Estimation by Request
      952 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 952 SF
      103 Main St, Chiefland, FL 32626-0805
      View Details
    • Value Estimation by Request
      1,350 SF

      16 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      16 Main St, Chiefland, FL 32626-0510
      View Details
    • Value Estimation
      $2,370,000
      10,020 SF

      215 Rodgers Blvd

      RETAIL STORES (PERSONAL SERVICES) • 10,020 SF
      215 Rodgers Blvd, Chiefland, FL 32626-1424
      View Details
    • Value Estimation by Request
      3,072 SF

      314 11th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      314 11th Ave, Chiefland, FL 32626-1141
      View Details
    • Value Estimation by Request
      3,600 SF

      2014 11th Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      2014 11th Dr, Chiefland, FL 32626-1919
      View Details

    Similar Nearby for Sale

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      Prime Chiefland Commercial Space

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    Similar Nearby for Lease

    • $1,750 /Mo
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      Commercial Building in Chiefland City

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      View Details
    • Contact for pricing
      2,450 SF

      Retail Space Near Walmart

      Shopping center space available near US Highway 19.
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      View Details
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    4 Main St
    Chiefland, FL 32626
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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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