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OFF-MARKET
Automotive properties
503 Main St, Chiefland, FL 32626-1105
Individually Owned
~
Est. High Equity
Property ID
US18-1048205
Property summary
AI-generated overview
This exceptional Chiefland, Florida commercial property, located at 503 Main St, 32626, presents a unique investment opportunity. Boasting 3,368 square feet on a substantial 25,000 square foot lot, this building offers significant potential for a variety of commercial uses. Currently configured as a tire repair shop, complete with specialized machinery, five bays featuring roll-up doors, and three lifts, the property's adaptability is a key asset. The existing layout also includes a convenient office and lobby area. Strategically positioned on US 19, this property benefits from high traffic counts and excellent visibility, enhanced by access from two median turn-ins. Built in 1957, the building provides a solid foundation for a new business venture or expansion. The property's legal description is 36-11-14 USHER HEIGHTS BLK 3 LOTS 2, 3, 6, 7 & 10 OR BOOK 1588 PAGE 438. Don't miss this chance to acquire a prime commercial space in a thriving location. The asking price is $425,000.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,400 SF
Lot
0.6 ac (26,136 SF)
APN
740400000
UPID
US18-1048205
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert A Langston
Robert A Langston
since 2025
Last sale
$410,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chiefland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chiefland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,100
Tax year 2023
Assessed value
$167,273
Assessed 2023
Previous assessed
$167,273
+0.0% YoY
Effective rate
2.45%
On assessed value
Land market value
$100,000
Improvement market value
$67,273
Total market value
$167,273
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Total area
1,400 SF
Lot
0.6 ac (26,136 SF)
APN
740400000
UPID
US18-1048205
Jurisdiction
LEVY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Robert A Langston
Individual
Mailing address
503 N MAIN ST, CHIEFLAND, FL 32626-1105
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Robert A Langston
Langston Family Enterprises INC
Warranty Deed
—
Sep 15, 2025
$410,000
Wicked Tires LLC
Robert A Langston
Warranty Deed
$345,000 · Robert A Langston Etux
Jun 15, 2021
$160,100
Langston Family Enterprises INC
Terance J Reed
Warranty Deed
$339,042 · Lafayette State Bank
Nov 6, 2018
$100
Terance J Reed
Reed Automotive INC
Quit Claim Deed
related
—
Jan 12, 2011
—
Reed Automotive INC
—
Trustees Deed
related
$60,000 · Billie R Sharp
Jan 20, 2010
—
Bayview Ln Svcg LLC
Pearce,robert S & Lisa L Coc
Trustees Deed
related
—
Aug 22, 2005
—
Edward M Collins
Neal,diana C
Quit Claim Deed
related
—
Aug 22, 2005
$175,000
Robert S Pearce
Collins,edward M & Jacqueline F
Warranty Deed
$100,000 · Edward M & Jacqueline F Collins
Aug 1, 2005
$175,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$100,000 · Edward M & Jacqueline F Collins
—
—
Robert S Pearce
—
Deed Of Trust
related
$162,400 · Interbay Funding LLC
—
—
Diana C Neal
—
Deed Of Trust
related
$125,000 · Capital City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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