Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land in Poinciana, FL Title is generated by Realmo AI

    1328 Homosassa Drive, Poinciana, FL 34759

    View on Map
    Claim this Listing
    Picture of Land at 1328 Homosassa Drive, Kissimmee, FL
    For Sale
    $35,000

    Vacant Land - Poinciana, FL

    Lot size:
    0.21 Acres
    Added:
    Apr 29, 2022
    Days on Market:
    1498
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 1328 Homosassa Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    28-27-33-934460-426180
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    102
    Expense value
    24
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wilfredo Gomez

    Listing agent Wilfredo Gomez

    Listing office La Rosa Rty Winter Garden Llc 1165 E Plant St., Ste 8, Winter Garden, FL

    Listing date Apr 29, 2022

    MLS# 11212919 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity for builder or investor to build a custom home.
    • Electricity is readily available nearby.
    • Low HOA fees and no CDD.
    • Close proximity to Walt Disney Wilderness Preserve.
    • Convenient access to Orlando/Kissimmee, shopping, entertainment, and restaurants.
    • Minutes away from Disney World and Universal Studios.

    Overview

    This vacant land, located in Poinciana, Florida, presents an opportunity for a builder or investor to construct a dream home. The property is situated within a community with a low Homeowners Association (HOA) and no Community Development District (CDD) fees. Electricity is located nearby. The location offers convenient access to the Walt Disney Wilderness Preserve. Orlando, Kissimmee, shopping centers, entertainment venues, restaurants, Disney World, and Universal Studios are all within a short drive. The lot size is approximately 0.21 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Poinciana
    County
    Polk
    State
    Florida
    Longitude
    -81.518584
    Latitude
    28.087489

    Nearby Similar for Sale

    • $649,000

      Residential Land in Poinciana, Florida

      19.7 acres with potential for high-density residential development.
      LAUREL AVENUE, POINCIANA, FL 34759
      View Details
    • $150,000

      Vacant Land in Poinciana, FL

      7.43 acres of vacant land available in Poinciana, Florida.
      S/S of Walnut Street, Poinciana, FL 34759
      View Details
    • $49,900

      Poinciana, FL Land Opportunity

      0.38-acre parcel in a rapidly growing Central Florida community.
      Banbridge Drive, Poinciana, FL 34758
      View Details
    • $38,000

      Residential Lot in Poinciana, FL

      Prime residential lot in a well-established, fully developed community.
      202 SPOONBILL DRIVE, POINCIANA, FL 34759
      View Details
    • $45,000

      Residential Lot in Established Community

      Vacant residential lot ready for new construction in Poinciana, Florida.
      2017 MAPLE LANE, POINCIANA, FL 34759
      View Details
    • $25,000

      Residential Lot in Poinciana Village

      Residential lot ready to build in established Poinciana neighborhood.
      1342 HOMOSASSA DRIVE, POINCIANA, FL 34759
      View Details
    • $32,000

      Residential Lot in Poinciana Community

      Residential lot in growing Poinciana community with access to amenities.
      1433 TEAL DRIVE, POINCIANA, FL 34759
      View Details
    • $31,000

      Residential Lot in Poinciana

      Spacious 0.33-acre residential lot in established Poinciana community.
      607 HOMOSASSA LANE, POINCIANA, FL 34759
      View Details
    • $65,000

      Residential Corner Lot in Poinciana

      Vacant residential corner lot in a rapidly developing community.
      1337 HILLSBOROUGH DRIVE, POINCIANA, FL 34759
      View Details
    • $25,000

      Residential Land in Poinciana, FL

      Residential land ready to build in Poinciana Village 2.
      KISSIMMEE WAY, POINCIANA, FL 34759
      View Details
    • $70,000

      Residential Lot in Poinciana

      Buildable residential lot in a thriving Poinciana community.
      611 AMAZON COURT, POINCIANA, FL 34759
      View Details
    • $27,000

      Vacant Lot in Poinciana, FL

      Well-located vacant lot with development potential in Poinciana, Florida.
      440 VERNON Court, Poinciana, FL 34759
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land for building a dream home in Poinciana.
    Where is this land located?
    The property is located at 1328 Homosassa Drive Poinciana, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Opportunity for builder or investor to build a custom home.; Electricity is readily available nearby.; Low HOA fees and no CDD.
    (772) 224-6444
    We can help!
    Listing Contact
    Wilfredo Gomez
    Real Estate License ID: 3436961
    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

    Thank You for Inquiry
    1328 Homosassa Drive, Poinciana, FL 34759
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!