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

    116 W MAGNOLIA AVENUE Howey in the Hills, FL 34737

    View on Map
    Claim this Listing
    For Sale
    $130,000

    Land - HOWEY IN THE HILLS, FL

    Lot size:
    0.41 Acres
    Added:
    Jun 28, 2025
    Days on Market:
    290
    Last Refresh:
    Apr 13 at 10:06 am

    Property Features for 116 W MAGNOLIA AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Exterior features
    Paved
    Standard status
    Active
    APN
    26-20-25-0325-000-00600
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5887.87

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Hardebeck

    Listing agent Jeffrey Hardebeck License #3016552

    Listing office SAND DOLLAR REALTY GROUP INC 801 W State Road 436 Ste 2065, Altamonte Springs, FL

    Listing date Jun 28, 2025

    MLS# O6322551 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

    Residential Lot on Golf Course

    This 0.41-acre residential lot is located in HOWEY IN THE HILLS, FL. The property is situated on the Mission Inn golf course, specifically on Hole #4. The lot is buildable and features mature trees. There is no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Howey in the Hills
    County
    Lake
    State
    Florida
    Longitude
    -81.776948
    Latitude
    28.719975

    Nearby Similar for Sale

    • $195,000

      Commercial Lot in Howey in Hills

      Over quarter-acre commercial lot with flexibility and opportunity.
      W CENTRAL AVENUE, HOWEY IN THE HILLS, FL 34737
      View Details
    • $399,900

      Vacant Land with Workshop

      5.6-acre buildable land with workshop, well, and septic.
      9535 NUMBER TWO ROAD, HOWEY IN THE HILLS, FL 34737
      View Details
    • $180,000

      Vacant Land in Scenic Hills

      Under an acre, build your dream home with no HOA.
      0 N FLORIDA AVENUE, HOWEY IN THE HILLS, FL 34737
      View Details
    • $120,000

      Residential Land in Howey-in-the-Hills

      Quarter-acre lot near Little Lake Harris, ideal for building.
      0 E MYRTLE STREET, HOWEY IN THE HILLS, FL 34737
      View Details
    • $149,000

      Cleared Land Near Lake

      Level, cleared land near lake, boat ramp, and park.
      E HOLLY STREET, HOWEY IN THE HILLS, FL 34737
      View Details
    • $375,900

      Scenic Land in Howey-in-the-Hills

      4.64+/- acres of land ideal for a dream home.
      S DEWEY ROBBINS ROAD, HOWEY IN THE HILLS, FL 34737
      View Details
    • $11,000,000

      89 Acres Mixed-Use Land

      89 acres of mixed-use land with lake frontage.
      N Tangerine Ave, Howey In The Hills, FL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot on golf course with mature trees, no HOA.
    Where is this residential land & home lot located?
    The property is located at 116 W MAGNOLIA AVENUE Howey in the Hills, FL.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: Buildable lot ready for your dream home; On the Golf Course, overlooking Mission Inn Hole #4; NO HOA, offering freedom and flexibility
    (407) 230-3770
    We can help!
    Listing Contact
    Jeffrey Hardebeck
    Real Estate License ID: 3016552
    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!