Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10880 NW 160Th Ave Morriston, FL 32668

    Sponsored
    For Sale
    $1,595,000

    Ranch, Farm - MORRISTON, FL

    Type:Farm
    Property size:
    2,936 SF
    Lot size:
    40.00 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 26 at 3:06 am

    Property Features for 10880 NW 160Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    3
    APN
    12108-000-00
    Parking features
    Carport, Driveway, Garage, Garage - Attached, Oversized
    Pets allowed
    Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Thermostat, Vaulted Ceiling(s), Walk-in Closet(s), Window Treatments
    Exterior features
    Paved, Fencing, Awning(s), Outdoor Shower, Rain Gutters, Storage
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Size
    2,936 SF
    Lot size
    40.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Cedar, Frame, Stone
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tasha Osbourne
    Tasha Osbourne

    Golden Ocala Real Estate, Inc. (352) 369-6969

    Listing agent Tasha Osbourne (352) 369-6969 License #3304601

    Listing date Jan 16, 2026

    MLS# OM716654 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

    Morriston Equestrian Estate Opportunity

    This 40-acre farm is located in Morriston's equestrian corridor, minutes from the World Equestrian Center and HITS. The property is fully fenced and features established pasture. The residence is a well-kept 3-bedroom, 2-bath home with a split floor plan, Florida room, front and rear porches overlooking the pastures, and an attached two-car garage with an additional half bath and shower. The home was pressure washed and freshly painted in 2025 and features two water heaters and a full-house generator. Additional property improvements include a detached garage with power and water, pre-plumbed for a future kitchen and bath, pole barn, carport, storage shed, and an additional storage room. The property is serviced by one well and one septic system, which was cleaned in 2021. The property offers potential for an equestrian estate, training facility, or private country retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Law Firm Auto Repair Shop Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Morriston
    County
    Levy
    State
    Florida
    Longitude
    -82.390589
    Latitude
    29.299124

    Nearby Similar for Sale

    • $450,000
      2,320 SF

      Former Saloon on Highway 41

      2.5 acres with indoor/outdoor bar, mobile home, outbuildings on HWY 41.
      2451 Hwy 41 SE, Morriston, FL 32668
      View Details
    • $2,950,000
      5,472 SF

      Turnkey Equestrian Facility Near WEC

      17-acre equestrian facility with extensive stabling and residential accommodations.
      4450 SE 216Th Ave, Morriston, FL 32668
      View Details
    • $1,800,000
      3,174 SF

      Morriston Farm with Modern Amenities

      Turnkey farm retreat with smart features and expansive amenities.
      6570 SE 175Th Ct, Morriston, FL 32668
      View Details
    • $1,790,000
      2,427 SF

      Morriston Farm Near Equestrian Centers

      9.45-acre farm near HITS/Post Time Farm and World Equestrian Center.
      14525 Highway 464B NW, Morriston, FL 32668
      View Details
    • $575,000
      2,726 SF

      Equestrian-Ready Farmhouse Near Ocala

      Charming farmhouse on 6+ acres, equestrian amenities, near Ocala.
      13651 SE 73Rd Ln, Morriston, FL 32668
      View Details
    • $959,900
      2,052 SF

      Morriston Farm with Equestrian Features

      43.8-acre farm with equestrian facilities and spacious home.
      14050 SE 50Th St, Morriston, FL 32668
      View Details
    • $999,000
      1,047 SF

      Morriston Farm in Equine Community

      20+ acre farm in gated equine community near Ocala.
      3670 SE 148Th Ter, Morriston, FL 32668
      View Details
    • $1,595,900
      2,755 SF

      Equestrian Paradise with Modern Charm

      10-acre equestrian estate featuring remodeled home, barns, and equine amenities.
      4750 SE 216Th Ave, Morriston, FL 32668
      View Details
    • $1,498,000
      2,755 SF

      Morriston Equestrian Paradise Farm Estate

      Equestrian estate on 10 acres with barns and modern amenities.
      4750 SE 216Th Ave, Morriston, FL 32668
      View Details
    • $376,000
      840 SF

      Morriston Farm with Great Pastures

      15.67 acre farm with remodeled mobile home and accessory dwelling.
      3731 SE 117Th Ter, Morriston, FL 32668
      View Details
    • $449,000
      1,092 SF

      Equestrian-Ready Farm on 5 Acres

      Charming 2BR/2BA home with equestrian facilities on 5 acres.
      6550 SE 143Rd Ct, Morriston, FL 32668
      View Details
    • $2,499,000
      2,400 SF

      Equestrian Facility Near HITS, WEC

      Well-maintained equestrian facility near HITS and WEC.
      4991 SE 212Th Ct, Morriston, FL 32668
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Pristine 40-acre farm near World Equestrian Center and HITS.
    Where is this horse & equestrian property located?
    The property is located at 10880 NW 160Th Ave Morriston, FL.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - Prime location in Morriston's equestrian corridor, minutes from World Equestrian Center and HITS.; - 40 pristine, fully fenced acres of established pasture, ideal for equestrian pursuits.; - Well-maintained 3-bedroom, 2-bath home featuring a split floor plan, Florida room, and front/rear porches.
    (352) 613-6613
    Request Owner's contact information
    10880 NW 160Th Ave Morriston, FL 32668
    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.
    10880 NW 160Th Ave
    Morriston, FL 32668
    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
    10880 NW 160Th Ave Morriston, FL 32668
    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
    Tasha Osbourne
    Tasha Osbourne
    Real Estate License ID: 3304601
    (352) 613-6613
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.