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    12615 NW Gainesville Rd Reddick, FL 32686

    Sponsored
    For Sale
    $1,125,000

    Farm - REDDICK, FL

    Type:Farm
    Property size:
    1,637 SF
    Lot size:
    15.69 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 20 at 8:06 am

    Property Features for 12615 NW Gainesville Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    07375-000-04
    Parking features
    Garage, Garage - Attached
    Interior features
    Ceiling Fans(s), Walk-in Closet(s)
    Exterior features
    Paved, Fencing, Sliding Doors
    Fencing
    Fenced
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,637 SF
    Lot size
    15.69 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Donna Knox
    Donna Knox

    Foxfire Realty (352) 732-3344 [email protected]

    Listing agent Donna Knox (352) 732-3344 License #3061178

    Listing date Jan 19, 2026

    MLS# OM709619 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

    Equestrian Farm Near WEC

    This 15.69-acre farm is located equidistant from the HITS show grounds and the WEC expo center, approximately 13 and 14 miles respectively. The property features five irrigated paddocks situated on four legally subdivided parcels, offering the potential for a family compound or various building combinations. The acreage at the front of the property is partially wooded, providing privacy from the road, suitable for a new home or riding arena. The center aisle barn is equipped for equestrian use, featuring eight matted stalls with electric, a wash rack and tack area, a half bath, and a large open hay storage loft with potential for living space. The barn operates on its own electric and well, offers 220 power, and has drive space for loading, unloading, and RV/trailer access. The property includes a 1,637 square foot home with three bedrooms and two bathrooms. The home features a new roof (installed August 2025), a two-car garage, a screened-in back patio, and a front porch. Inside, there is a kitchen with stainless steel appliances, a breakfast bar, and a separate dining area leading to the living room. The master suite has natural light, walk-in closet space, and a large en-suite bath. The home has a split floor plan and newly installed luxury vinyl plank flooring throughout. The property is located in Reddick's equestrian community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Clothing Store Department Store Kitchen & Bath Bar & Pub Cafe & Coffee Shop Women's Store Veterinary Clinic Tailor Shop Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.194929
    Latitude
    29.332

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    FAQs

    What type of property is this?
    Horse & equestrian property - Turnkey farm with potential in the heart of horse country.
    Where is this horse & equestrian property located?
    The property is located at 12615 NW Gainesville Rd Reddick, FL.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Prime location equidistant to HITS show grounds and WEC expo center (13-14 miles), ideal for equestrians.; - Turnkey 16-acre equestrian farm with a well-equipped 8-stall center aisle barn featuring electric, wash rack, tack area, half bath, and hay storage loft.; - Property is divided into four legally subdivided parcels, offering flexibility for development or a family compound.
    (352) 216-5495
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    12615 NW Gainesville Rd Reddick, FL 32686
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    Reddick, FL 32686
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    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
    12615 NW Gainesville Rd Reddick, FL 32686
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    We can help!
    Listing Contact
    Donna Knox
    Donna Knox
    Real Estate License ID: 3061178
    (352) 216-5495
    Learn more
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