Add Listing
    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

    12959 NE 250Th Ct Salt Springs, FL 32134

    Sponsored
    For Sale
    $435,000

    Mixed Use - SALT SPRINGS, FL

    Type:Mixed Use
    Property size:
    4,844 SF
    Lot size:
    1.43 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 12959 NE 250Th Ct

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    B2
    APN
    1168-000-000
    Exterior features
    Corner Lot
    Size
    4,844 SF
    Lot size
    1.43 Acres

    Utilities

    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1988
    Number of units
    6
    Building materials
    Block
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Zell Hall
    Zell Hall

    Ellison Realty, Inc. (352) 732-8350

    Listing agent Zell Hall (352) 732-8350 License #530791

    Listing date Feb 27, 2026

    MLS# OM719772 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

    Mixed-Use Investment Opportunity

    This mixed-use property features a convenience store currently leased for $1,600 per month for the next 3 years. Additionally, there is a house that was previously leased for $1,200 monthly, but is presently vacant. The property also includes two quadplexes, each containing four units. Each unit in the quadplexes rents for $800 per month, with one unit currently occupied. One of the quadplexes has a recently installed new roof. The house and quadplexes require some repairs. The property is being sold AS-IS with the right to inspect. The lot size is 1.43 acres. The property is zoned B2 and located in Salt Springs, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Storage Facility Electrical Service Cafe & Coffee Shop Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Springs
    County
    Marion
    State
    Florida
    Longitude
    -81.740142
    Latitude
    29.341351

    Nearby Similar for Sale

    • $85,000
      0.07 Acres

      Salt Springs Waterfront Resort Lot

      Waterfront lot with 5th wheel camper in Salt Springs.
      25129 NE 143Rd Ln, Salt Springs, FL 32134
      View Details
    • $53,500
      0.09 Acres

      Salt Springs Deeded Lot

      Deeded lot near lake in gated resort community.
      25188 NE 142Nd Pl, Salt Springs, FL 32134
      View Details
    • $88,000
      0.10 Acres

      Salt Springs Deeded Lot

      Deeded lot with outdoor kitchen in Salt Springs Resort.
      25142 NE 143Rd Pl, Salt Springs, FL 32134
      View Details
    • $83,000
      0.12 Acres

      Salt Springs Resort Deeded Lot

      Deeded lot in gated Salt Springs Resort near Little Lake Kerr.
      25314 NE 141St St, Salt Springs, FL 32134
      View Details
    • New
      $69,500
      0.09 Acres

      RV Lot with Lake View

      Gated resort RV lot with lake view and amenities.
      25287 NE 139 Lot 286 Ln, Salt Springs, FL 32134
      View Details
    • $59,000
      0.05 Acres

      Salt Springs Deeded Lot

      Lot in gated resort near Ocala National Forest.
      25115 NE 142Nd Ln, Salt Springs, FL 32134
      View Details
    • $79,999
      0.07 Acres

      RV Lot in Salt Springs Resort

      Deeded RV lot in popular Salt Springs Resort, near Ocala.
      14415 NE 252 Ct Lot 133 Rd, Salt Springs, FL 32134
      View Details
    • $67,500
      0.02 Acres

      RV Lot Near Salt Springs

      RV lot near Ocala National Forest with resort-style amenities.
      25205 NE 142Nd St, Salt Springs, FL 32134
      View Details
    • $125,000
      0.09 Acres

      Deeded RV Lot in Resort

      RV lot with 2018 RV unit in Salt Springs Resort.
      25244 NE 143Rd St, Salt Springs, FL 32134
      View Details
    • New
      $73,700
      0.08 Acres

      Land in Salt Springs Resort

      RV and cottage friendly resort with income potential.
      25160 140 Loop NE, Salt Springs, FL 32134
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with store, house, and quadplexes for sale.
    Where is this mixed-use property located?
    The property is located at 12959 NE 250Th Ct Salt Springs, FL.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Great income potential with existing convenience store lease at $1,600/month.; - Potential for $3,200 monthly income from two quadraplexes (4 units x $800/unit).; - Desirable corner lot location.
    (352) 812-4859
    Request Owner's contact information
    12959 NE 250Th Ct Salt Springs, FL 32134
    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.
    12959 NE 250Th Ct
    Salt Springs, FL 32134
    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
    12959 NE 250Th Ct Salt Springs, FL 32134
    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
    Zell Hall
    Zell Hall
    Real Estate License ID: 530791
    (352) 812-4859 (352) 732-8350 (352) 547-2724
    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!