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    1044 D Road Loxahatchee Groves, FL 33470

    View on Map
    For Sale
    $2,499,000

    Agricultural,Other, Barn - Loxahatchee Groves, FL

    Lot size:
    10.00 Acres
    Added:
    Mar 24, 2024
    Days on Market:
    739
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 1044 D Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR(cit
    Vegetation
    Cleared
    Exterior features
    Cleared, Demucked, Drainage, Fenced, Pasture, Utility Building, Well
    Fencing
    Fenced
    Standard status
    Active
    APN
    41414317014030020
    Lot size
    10.00 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    5072

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Catherine M Roze
    Catherine M Roze

    Listing agent Catherine M Roze

    Listing office RE/MAX Prestige Realty/Wellington 12789 Forest Hill Blvd. No. 2A, West Palm Beach, FL

    Listing date Mar 24, 2024

    MLS# RX-10971609 Listing URL

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

    Overview

    Equestrian Property Near Wellington Venues

    This 10-acre equestrian property is located on D Road in Loxahatchee Groves, Florida, less than 15 minutes from Wellington horse show and polo venues. Situated on the south side of Okeechobee Boulevard, between Binks Forest and Palms West Hospital, the property benefits from a paved road and convenient highway access with traffic lights at D Road and Southern Boulevard. The land is fenced, cleared, and graded, with existing water and electric installations. The property is high and dry, featuring a drainage ditch. Currently operating as a polo horse farm, it includes a wood pole barn with 22 stalls and a 6-acre Bermuda polo field. The property has an agricultural exemption. There are no easements, wetlands, pond, or power lines present. Additional adjacent parcels are available for sale, offering the opportunity to acquire up to 20 acres with the inclusion of a 10-acre parcel at 1044 D Road and a 5-acre parcel at 1068 D Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxahatchee Groves
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.27143
    Latitude
    26.693525

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    FAQs

    What type of property is this?
    Horse & equestrian property - 10-acre equestrian property in Loxahatchee Groves, minutes from Wellington.
    Where is this horse & equestrian property located?
    The property is located at 1044 D Road Loxahatchee Groves, FL.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: 10‑acre equestrian property, less than 15 minutes from Wellington horse show and polo venues.; Currently a polo horse farm with **22 stalls** and a **6‑acre Bermuda polo field.**; Fenced, cleared, and graded land with water and electric installed.
    (561) 798-8080
    We can help!
    Listing Contact
    Catherine M Roze
    Catherine M Roze
    Real Estate License ID: 3278531
    Learn More
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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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