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    • Brokers

    Connie Mahan, Bushnell, FL

    License ID: 3012742
    Years of Experience
    22
    Association
    Ocala Marion County Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (352) 457-7553
    Office Address:
    PO Box 1030, Bushnell, FL 33513

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    15
    Total transactions
    209
    Total transactions amount
    $49M
    Price range
    $40k - 3.1M
    Average price
    $234k

    Listings

    For Sale (15)

    View map
    • $2,500,000
      8.70 Acres

      Center Hill Land Opportunity

      8.7 acres of land in Center Hill, Florida.
      E Park St, Center Hill, FL 33514
      View Details
    • $5,950,000
      26.92 Acres

      Industrial Land on SR 471

      Almost 27 acres with 450 feet of frontage.
      13929 Sr 471, Webster, FL 33597
      View Details
    • $1,000,000
      10.00 Acres

      10 Acres Homestead with Vision

      10 acres with development potential, near Wildwood city limits.
      3422 Sr 471, Sumterville, FL 33585
      View Details
    • $40,000
      0.57 Acres

      Webster, FL Land For Sale

      0.57 acre lot zoned for various residential uses.
      12296 SW 43Rd Path, Webster, FL 33597
      View Details
    • $600,000
      1.00 Acre

      Turnkey Commercial Land Opportunity

      One-acre commercial parcel in Coleman's growth corridor, ready for development.
      2889 County Road 523, Wildwood, FL 34785
      View Details
    • $825,000
      2.41 Acres

      Versatile Land Parcel with Dual Frontage

      2.41-acre parcel with utilities, suitable for various commercial uses.
      2919 County Road 523, Wildwood, FL 34785
      View Details
    • $300,000
      1.08 Acres

      Ready-to-Build Multifamily Opportunity

      1.08-acre parcel approved for 15 units in Bushnell, Florida.
      S C 475, Bushnell, FL 33513
      View Details
    • $2,999,999
      320.08 Acres

      320 Acres at Crossroads

      320 acres in Sumter County near I-75 and Florida Turnpike.
      Tbd Cr 673, Webster, FL 33597
      View Details
    • $15,000,000
      302.12 Acres

      302 Acres Prime Development Land

      302-acre development opportunity near Webster, FL, with city utilities access.
      E C 478, Webster, FL 33597
      View Details
    • $35,000
      0.44 Acres

      Buildable Land in Webster, Florida

      Under half-acre lot in Webster, Florida, ready for building.
      Tbd Cr 693, Webster, FL 33597
      View Details
    • $500,000
      1.34 Acres

      Commercial Land in Sumterville, FL

      1.34 acres commercial land with high visibility and traffic.
      1891 S Us 301, Sumterville, FL 33585
      View Details
    • $250,000
      5.10 Acres

      5 Acres on SR 471

      5-acre parcel with frontage on SR 471 and access.
      SE 20Th Ln, Sumterville, FL 33585
      View Details
    • $325,000
      10.00 Acres

      Wooded Land Near The Villages

      10 acres of wooded land near The Villages.
      SE 29Th Blvd, Sumterville, FL 33585
      View Details
    • $712,500
      25.42 Acres

      Land Bordering Withlacoochee State Forest

      25.42 acres bordering Withlacoochee State Forest, surveyed into two parcels.
      Tbd Cr 772B, Webster, FL 33597
      View Details
    • $7,800,000
      13.05 Acres

      Prime Corner Land Opportunity

      Corner lot with frontage on SR 50 and SR 471.
      3070 State Rd 50, Webster, FL 33597
      View Details

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    • For Sale

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    Connie Mahan, Bushnell, FL
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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.

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    Connie Mahan, Bushnell, FL
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