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

    118 West Virginia St, Unit Other City - In The State Of Florida, FL 32640

    View on Map
    Sponsored
    Picture of Land at West Virginia St 118, State Of Florida, FL
    For Sale
    Contact for pricing

    Residential - Other City - In The State Of Florida, FL

    Lot size:
    0.12 Acres
    Days on Market:
    123
    Last Refresh:
    Mar 6 at 6:06 am

    Property Features for 118 West Virginia St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-10-23-9306-0080-0150
    Lot size
    0.12 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shocelin Montesinos

    Keller Williams Realty (954) 358-6000

    Listing agent Shocelin Montesinos (954) 358-6000 License #3461491

    Listing date Nov 4, 2025

    MLS# A11547169 Listing URL

    Copyright © 2026 Miami REALTORS®. 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

    Residential Land in Hawthorne, Ocala

    This 0.12-acre residential land is located in Hawthorne, Ocala, in Putnam County, Florida. It presents an investment opportunity to build a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    State Of Florida
    County
    Leon
    State
    Florida
    Longitude
    -84.2827616
    Latitude
    30.4460492

    Nearby Similar for Sale

    • $170,000
      2,500 SF

      Turn-Key Italian Restaurant Opportunity

      Fully equipped Italian restaurant with indoor and outdoor seating.
      Other City - In The, State Of Florida, FL 33772
      View Details
    • $450,000

      Profitable Coastal Rental Business Opportunity

      Turnkey rental business with high sales and growth potential.
      2239 15Th St, State Of Florida, FL 34237
      View Details
    • $1,549,000
      0.14 Acres

      Downtown Orlando Income-Producing Office Units

      Two leased office units in downtown Orlando's Plaza Building.
      121 S Orange Ave, State Of Florida, FL 32801
      View Details
    • $1,500,000
      4,056 SF

      Lakefront Quadplex in Winter Park Area

      Lakefront quadplex near Winter Park, an opportunity to build/renovate.
      1903 S Lakemont Ave, State Of Florida, FL 32792
      View Details
    • $1,500,000
      1.10 Acres

      Lakefront Multifamily Property in Winter Park

      Lakefront property with six units in Winter Park, Florida.
      1903 S Lakemont Ave, State Of Florida, FL 32792
      View Details
    • $1,753,600
      5,312 SF

      New Construction Quadplex Near Disney

      Under construction quadplex near Disney with resort membership included.
      7438 Excitement Dr, State Of Florida, FL 34747
      View Details
    • $399,900
      0.07 Acres

      Waterfront RV Lot with Boat Lift

      Luxurious corner RV lot with boat lift and bay views.
      150 Smallwood Dr. #147, State Of Florida, FL 34138
      View Details
    • $950,000

      Historic Multi-Use Landmark Building

      Landmark building in downtown LaBelle with high visibility location.
      390 Bridge Dr N, State Of Florida, FL 33935
      View Details
    • Contact for pricing

      Golf Course with Remodeled Clubhouse

      Improved golf course with lake access and remodeled clubhouse.
      Other City - In The Azalea Dr, State Of Florida, FL 33855
      View Details
    • $1,999,500

      Poultry Farm with Broiler Houses

      67.56-acre working poultry farm with multiple broiler houses.
      1175 Other City - In The, State Of Florida, FL 32055
      View Details
    • $1,999,500

      Poultry Farm with Broiler Houses

      62.33-acre working poultry farm with multiple broiler houses.
      1083 Other City - In The, State Of Florida, FL 32066
      View Details
    • $1,250,000

      RV Park Near Florida Beaches

      Operating RV park with room for growth and improvement.
      6291 Coy Burgess Other City - In The, State Of Florida, FL 32433
      View Details

    FAQs

    What type of property is this?
    Land - 0.12 acre residential land, build your dream home!
    Where is this land located?
    The property is located at 118 West Virginia St, Unit Other City - In The State Of Florida, FL.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: - Peacefully located in Hawthorne, Ocala; - Great investment opportunity; - Opportunity to build your dream home
    (954) 358-6000
    Request Owner's contact information
    118 West Virginia St, Unit Other City - In The State Of Florida, FL 32640
    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.
    118 West Virginia St, Unit Other City - In The
    State Of Florida, FL 32640
    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
    118 West Virginia St, Unit Other City - In The State Of Florida, FL 32640
    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
    Shocelin Montesinos
    Real Estate License ID: 3461491
    (954) 358-6000 (954) 773-4332
    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!