Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10101 Tarpon Springs Rd Odessa, FL 33556

    Sponsored
    For Sale
    $5,995,000

    Land - ODESSA, FL

    Property size:
    5,468 SF
    Lot size:
    12.44 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 10101 Tarpon Springs Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AR
    APN
    U-10-27-17-ZZZ-000000-06670.0
    Exterior features
    Dock
    Dock
    1
    Size
    5,468 SF
    Lot size
    12.44 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Zales
    Jennifer Zales

    Coldwell Banker (813) 754-3586

    Listing agent Jennifer Zales (813) 286-6563 License #3235776

    Listing date Feb 27, 2026

    MLS# TB8480407 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Equestrian Estate with Lakefront Acreage

    This gated equestrian property in Keystone, located in ODESSA, FL, features approximately 12.44 acres, with 8.45 acres of upland, and over 300 feet of lake frontage on Lake Island Ford. The assembled acreage is fenced and gated, ready for the construction of a new single-family home. New home plans are available, though the cost of home construction is not included in the price. Equestrian amenities include a newly constructed 3-stall barn with Anderson Impact windows, Lucas Equine rolling doors, timer-controlled lighting, and an indoor/outdoor fly spray system. The barn also features an air-conditioned tack, feed, and hay room, a separate wash rack, custom walls and floors, ceiling fans, an automatic watering system, a separate covered shed, and a brick floor aisleway and front porch. There is plentiful fenced pasture, a 60-foot round pen, and additional open pasture. A 5,468 square foot air-conditioned freestanding garage, constructed with concrete block and Anderson impact windows, can house approximately 9 vehicles plus RV storage, with future living/guest space above. A new private dock and covered boat lift provide lake access for water recreation, boating, and skiing. The property is near parks and trails, shopping, dining, schools, and activities. The existing residential structure has no contributory value, and a new construction home has been planned. The property is being sold for land value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Bar & Pub Garden Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.596245
    Latitude
    28.148501

    Nearby Similar for Sale

    • $3,600,000

      New Retail Building For Sale

      10,000 sq ft retail building anchored by Dollar Tree.
      11820 State Road 54, Odessa, FL 33556
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Gated 12+ acre lakefront parcel with new barn and garage.
    Where is this horse & equestrian property located?
    The property is located at 10101 Tarpon Springs Rd Odessa, FL.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Gated 12+ acre lakefront equestrian parcel with over 300 ft of lake frontage and direct lake access.; - New 5,468 sqft 9-car + RV storage garage with potential for future living/guest space.; - Brand new, state-of-the-art 3-stall equestrian barn with air-conditioned tack, feed, and hay room, wash rack, and other high-end features.
    (813) 758-3443
    Request Owner's contact information
    10101 Tarpon Springs Rd Odessa, FL 33556
    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.
    10101 Tarpon Springs Rd
    Odessa, FL 33556
    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
    10101 Tarpon Springs Rd Odessa, FL 33556
    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

    We can help!
    Listing Contact
    Jennifer Zales
    Jennifer Zales
    Real Estate License ID: 3235776
    (813) 758-3443 (813) 286-6563
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!