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    • Brokers

    Elvie Weir, Sebring, FL

    License ID: 3329960
    Years of Experience
    13
    Association
    Heartland Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (305) 321-2768
    Office Address:
    601 Heritage Drive, Ste. 111, Jupiter, FL

    Property Types

    • Farm
    • Land

    Performance

    Listings
    13
    Price range
    $10.5k - 560k
    Average price
    $285k

    Listings

    For Sale (13)

    View map
    • $975,800
      5.00 Acres

      Farm/Estate Near Lake Istokpoga

      5-acre agricultural estate with income potential near Lake Istokpoga.
      3675 Us Highway 98, Sebring, FL 33876
      View Details
    • Contact for pricing
      0.26 Acres

      Residential Lot in Leisure Lakes

      High-and-dry lot perfect for building a dream home.
      1322 Lark St, Lake Placid, FL 33852
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Lot Near Lake Carrie

      Vacant lot near Lake Carrie, ready for custom build.
      3147 Lake June Blvd, Lake Placid, FL 33852
      View Details
    • $48,900
      0.98 Acres

      Residential Lot in Orange Blossom

      Vacant lot in a growing Sebring neighborhood.
      6409 Apple Rd, Sebring, FL 33875
      View Details
    • $45,000
      0.34 Acres

      Residential Lot in Golf Community

      Vacant residential lot in Spring Lake golf community, Sebring, FL.
      1033 Duane Palmer Blvd, Sebring, FL 33876
      View Details
    • $51,900
      0.36 Acres

      Golf-Adjacent Lot in Sebring, FL

      Vacant lot in Sun 'N Lake resort community.
      4939 Pebble Beach Dr, Sebring, FL 33872
      View Details
    • Contact for pricing
      0.23 Acres

      Spacious Lot, No Restrictions

      Florida lot with no HOA, ideal for builders/investors.
      1600 Adalia Ter, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      0.23 Acres

      Spacious Lot in Port Charlotte

      Florida lot with no HOA, ideal for builders/investors.
      13342 Leatherbury Ave, Port Charlotte, FL 33943
      View Details
    • Contact for pricing
      0.23 Acres

      Spacious Lot in Port Charlotte

      Large lot with no HOA, convenient location, strong investment potential.
      1095 March Dr, Port Charlotte, FL 33943
      View Details
    • Contact for pricing
      0.23 Acres

      Spacious Corner Lot in Florida

      Corner lot with no HOA, near beaches, shopping, and I-75.
      1521 Capel St, Port Charlotte, FL 33953
      View Details
    • $149,900
      0.57 Acres

      Residential Land in Sebring, FL

      Residential land with no HOA, close to amenities and beaches.
      7400 Sparta Rd, Sebring, FL 33875
      View Details
    • Contact for pricing
      10,000 SF

      Spacious Florida Lot, No HOA

      Large lot with no HOA, paved access, electric available.
      1095 March Dr, Port Charlotte, FL 33953
      View Details
    • Contact for pricing
      10,000 SF

      Spacious Florida Lot, No HOA

      Large lot with no HOA, paved access, utilities available.
      13342 Leatherbury Ave, Port Charlotte, FL 33953
      View Details

    Leases and Sales on Map

    • For Sale

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    Elvie Weir, Sebring, 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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    Elvie Weir, Sebring, FL
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