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

    10951 E HIGHWAY 40 Silver Springs, FL 34488

    View on Map
    Claim this Listing
    For Sale
    $499,900

    Land - SILVER SPRINGS, FL

    Lot size:
    8.40 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    316
    Last Refresh:
    Apr 28 at 8:06 pm

    Property Features for 10951 E HIGHWAY 40

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B4
    Pets allowed
    Yes
    Standard status
    Active
    APN
    31714-001-00
    Lot size
    8.40 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3333.18

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Barrett Spray
    Barrett Spray

    Listing agent Barrett Spray License #590021

    Listing office KELLER WILLIAMS ADVANTAGE REALTY 59 Alafaya Woods Blvd, Oviedo, FL

    Listing date Jun 17, 2025

    MLS# O6321633 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.

    Overview

    Silver Springs Vacant Land Opportunity

    This vacant land is located in the rapidly growing Silver Springs area of Marion County. The property consists of 8.4 acres, with 4.82 acres zoned B4 Heavy Commercial and 3.58 acres zoned A1. Highway 40 is slated to become a four-lane road, according to the Florida Department of Transportation, although the start date for this project is currently unknown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Garden Center Electronics & Wireless Store Grocery & Convenience Store Wine and Liquor Store Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Springs
    County
    Marion
    State
    Florida
    Longitude
    -81.97121
    Latitude
    29.214643

    Nearby Similar for Sale

    • $395,950
      1,872 SF

      Horse Ranch with Two Homes

      Legal horse ranch/farm featuring two homes on 3 acres.
      1838 NE 145TH AVENUE ROAD, SILVER SPRINGS, FL 34488
      View Details
    • $75,000

      SILVER SPRINGS Land with Lofted Shed

      Land with shed, hot water, washer, dryer, 200-amp service.
      2875 NE 102ND AVENUE ROAD, SILVER SPRINGS, FL 34488
      View Details
    • $14,000

      Wooded Lot Near Ocala Forest

      0.23-acre wooded residential lot in Silver Springs, Florida.
      NE 165TH TERRACE, SILVER SPRINGS, FL 34488
      View Details
    • $14,000

      Residential Lot in Silver Springs

      Wooded 0.23-acre lot near Ocala National Forest, no HOA.
      NE 165TH Street, Silver Springs, FL 34488
      View Details
    • $60,000

      Improved RV Lot in Wilderness Resort

      RV lot with shed and gazebo in waterfront resort.
      2845 NE 104TH AVENUE, SILVER SPRINGS, FL 34488
      View Details
    • $1,150,000

      Unique 40-Acre Waterfront Land Parcel

      Rare opportunity: 40 acres bordering Lake Lou in Ocala.
      17830 NE 49TH STREET ROAD, SILVER SPRINGS, FL 34488
      View Details
    • $90,000

      River-View Lot in 55+ Resort

      Rare river-view lot in Wilderness RV Resort.
      10249 NE 28TH LOOP, SILVER SPRINGS, FL 34488
      View Details
    • $59,900

      Wooded Land Near Ocala

      7.27 acres of wooded land near shopping and Ocala.
      14655 NE 14TH STREET ROAD, SILVER SPRINGS, FL 34488
      View Details
    • $45,000

      Eagles Landing Wooded 1.11-Acre Lot

      1.11-acre lot with well, septic, and shed near Ocala Forest.
      2650 SE 179TH AVENUE, SILVER SPRINGS, FL 34488
      View Details
    • $17,500

      Land in Ocala National Forest

      Vacant lot near Ocala National Forest with optional POA membership.
      SE 172ND AVENUE, SILVER SPRINGS, FL 34488
      View Details
    • $83,000

      RV Lot in Gated Community

      0.07 acre RV lot in 55+ Silver Springs community.
      2905 NE 104TH AVENUE, SILVER SPRINGS, FL 34488
      View Details
    • $120,000

      Corner RV Lot in Resort

      55+ gated RV resort with amenities and river access.
      10226 NE 28TH LOOP, SILVER SPRINGS, FL 34488
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land in growing Silver Springs, Marion County. Commercial zoning.
    Where is this commercial land located?
    The property is located at 10951 E HIGHWAY 40 Silver Springs, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Prime vacant land in rapidly growing Silver Springs.; 4.82 acres zoned B4 Heavy Commercial.; 3.58 acres zoned A1.
    (407) 977-7600
    We can help!
    Listing Contact
    Barrett Spray
    Barrett Spray
    Real Estate License ID: 590021
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!