Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1327 W STATE ROAD 40 Pierson, FL 32180

    View on Map
    Claim this Listing
    For Sale
    $999,999

    Farm - PIERSON, FL

    Type:Farm
    Property size:
    1,606 SF
    Lot size:
    25.56 Acres
    Price / SF:
    $622/SF
    Added:
    Sep 17, 2024
    Days on Market:
    590
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 1327 W STATE ROAD 40

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A-2
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Interior features
    Ceiling Fans(s), Thermostat, Walk-in Closet(s), Window Treatments
    Exterior features
    Fencing, Private Mailbox, Rain Gutters, Sliding Doors, Storage
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    15-25-28-00-00-0034
    Size
    1,606 SF
    Lot size
    25.56 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    3261.62

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Flooring type
    Tile
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    AnnMari Daley

    Listing agent AnnMari Daley License #3610577

    Listing office RIVER REALTY GROUP 55427 6th Street, Astor, FL

    Listing date Sep 17, 2024

    MLS# V4938478 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

    Equestrian Farm with Modern Amenities

    This 25-acre farm is designed for equestrian enthusiasts and nature lovers. The property includes a maintained 3-bedroom, 2-bathroom home. Equestrian facilities include two barns, one 60x96 and the other 30x40, both with stalls, storage, and room for equipment. There are also six pastures, two of which have run-in sheds, one measuring 12x6. Both barns have a 1/1 apartment with a kitchen and living room. The property features an eco-friendly energy system, with 28 solar panels providing daytime off-grid electricity for the home and one apartment. An advanced climate control system utilizes a 1.5-acre pond and fountain for energy efficiency. A Kubota L3010 GST 4WD loader with a 6 ft rotary bush hog is included for maintaining the open paddocks. Located in North Central Florida, the farm offers proximity to boating, fishing, and outdoor recreation, with town just minutes away. The property is zoned A-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Center Car Rental Facility Cosmetic Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Pierson
    County
    Volusia
    State
    Florida
    Longitude
    -81.502205
    Latitude
    29.169582

    Nearby Similar for Sale

    • $375,000
      2,870 SF

      Income-Producing Quadplex in Pierson, FL

      Quadplex with new roof and septic, near Ormond Beach.
      161 W 2ND AVENUE, PIERSON, FL 32180
      View Details
    • $425,000

      Cleared Land in Pierson, FL

      15 acres of high and dry land in Pierson, FL.
      PETERSON ROAD, PIERSON, FL 32180
      View Details
    • $1,500,000
      1,176 SF

      Profitable Restaurant and Laundromat Business

      Established restaurant and laundromat with growth potential on busy highway.
      302 S CENTER STREET, PIERSON, FL 32180
      View Details
    • $1,500,000
      2,630 SF

      Restaurant and Laundromat Business Opportunity

      Thriving restaurant and laundromat on a busy highway.
      302 S Center Street, Pierson, FL 32180
      View Details

    FAQs

    What type of property is this?
    Farm - 25-acre farm with equestrian facilities, barns, and sustainable features.
    Where is this farm located?
    The property is located at 1327 W STATE ROAD 40 Pierson, FL.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: 25‑acre equestrian farm with 3‑bedroom home, barns, and pastures.; Solar‑powered for daytime off‑grid electricity.; Two barns with 1/1 apartments, kitchens and living rooms.
    (315) 225-4992
    We can help!
    Listing Contact
    AnnMari Daley
    Real Estate License ID: 3610577
    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!