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

    11987 S Us Highway 301 Belleview, FL 34420

    Sponsored
    For Sale
    $1,175,000

    LAND - Belleview, FL

    Property size:
    1,500 SF
    Lot size:
    5.77 Acres
    Days on Market:
    32
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 11987 S Us Highway 301

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    38538-000-00
    Size
    1,500 SF
    Lot size
    5.77 Acres

    We can help!

    Listing Contact
    Jon Fisher
    Jon Fisher

    MR LANDMAN LLC (217) 202-0924

    Listing agent Jon Fisher (217) 202-0924

    Listing date Dec 30, 2025

    MLS# 12284779 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. 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

    Land Ready for Development

    Two manufactured housing development projects are available in Marion County, Florida. The properties are located minutes from The Villages. The Belleview project, situated at 11987 S US Hwy 301, Belleview, FL 34420, includes 31 pads on 5.77 acres. It is PMH-zoned, fully entitled, and shovel-ready with signed permits. Public water and sewer are available, along with Duke Energy. The site features frontage on US-301 and an existing approximately 1,500 sq ft home suitable for a future clubhouse or sales office. The Summerfield project, located at 9345 SE 140th Pl, Summerfield, FL 34491, consists of 49 pads on a 10-acre cleared site with public utilities. It is PMH-zoned with an approved concept plan, near US-441 and The Villages. The sites are approximately 10 minutes apart, allowing for shared crews, staging, home orders, and management to reduce per-pad construction and operating costs. The Belleview project can be stabilized first, with potential refinancing to fund infrastructure and home rollout at Summerfield. The Belleview project is planned for 31 double-wide homesites. The Summerfield project is planned for 49 double-wide homesites. The combined projects are planned for 80 double-wide homesites on 15.77 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleview
    County
    Marion
    State
    Florida
    Longitude
    -82.044596
    Latitude
    29.048156

    Nearby Similar for Sale

    • $259,000
      2,112 SF

      Versatile Commercial Space in Belleview

      2,112 sq ft commercial space ideal for various business ventures.
      11121 SE 53Rd Ct, Belleview, FL 34420
      View Details
    • $1,050,000
      Pending

      Belleview Office Building on Highway

      7,078 SF office building on 1.02 acres.
      10252 SE Us Highway 441, Belleview, FL 34420
      View Details
    • $2,495,000
      15.77 Acres

      Belleview, FL Land Development Opportunity

      Two manufactured housing development projects in Marion County, Florida.
      11965 SE Us Highway 301, Belleview, FL 34420
      View Details
    • $650,000
      5.00 Acres

      Mobile Home Park Zoned Land

      5 acre lot zoned for mobile home park use.
      10389 SE 50Th Ave, Belleview, FL 34420
      View Details
    • $474,999
      3,291 SF

      Belleview Commercial Building For Sale

      Commercial building in Belleview, Florida, suitable for healthcare or investment.
      6040 SE Front Rd, Belleview, FL 34420
      View Details
    • $374,999
      2,584 SF

      Belleview Mixed-Use Commercial Building

      Standalone commercial building suitable for healthcare or adaptive reuse.
      6005 SE Cypress Rd, Belleview, FL 34420
      View Details
    • $1,075,000

      Belleview Highway Commercial Properties For Sale

      Two commercial properties on US Highway 441 in Belleview, Florida.
      5148 Se Abshier Blvd, Belleview, FL 34420
      View Details
    • $350,000

      Belleview Automotive Shop on Highway

      Equipped automotive shop with high visibility on US Highway 301.
      11368 S Us Highway 301, Belleview, FL 34420
      View Details
    • $465,000
      2,406 SF

      Belleview Multifamily Investment Opportunity

      Seven-unit mobile home park near Belleview's restaurants and shopping.
      5433 SE 113Th St, Belleview, FL 34420
      View Details
    • $395,000

      Belleview Commercial Property For Sale

      Commercial property in downtown Belleview, Florida, with high visibility.
      6221 SE 113Th St, Belleview, FL 34420
      View Details
    • $549,900

      Equestrian Property Near Horse Park

      3-bedroom home on almost 5 acres, equestrian ready.
      8221 SE 126Th Pl, Belleview, FL 34420
      View Details
    • $375,000

      Belleview Commercial Property For Sale

      Commercial property in downtown Belleview, Florida, with B-4 zoning.
      6221 Se 113Th St, Belleview, FL 34420
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Two manufactured housing development projects in Marion County, Florida.
    Where is this mobile home & rv park located?
    The property is located at 11987 S Us Highway 301 Belleview, FL.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - Shovel-ready Belleview project with signed permits and existing home for clubhouse/office.; - High-growth Marion County location, minutes from The Villages.; - Combined 80 planned double-wide homesites across two projects.
    (217) 202-0924
    Request Owner's contact information
    11987 S Us Highway 301 Belleview, FL 34420
    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.
    11987 S Us Highway 301
    Belleview, FL 34420
    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
    11987 S Us Highway 301 Belleview, FL 34420
    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
    Jon Fisher
    Jon Fisher
    Real Estate License ID: 471020503
    (217) 202-0924
    Learn more
    Google sign-in failed. Please try again or use another login method.