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

    16070 SE 55 AVE RD Summerfield, FL 34491

    View on Map
    For Sale
    $399,990

    Land - SUMMERFIELD, FL

    Lot size:
    10.90 Acres
    Added:
    Mar 11, 2024
    Days on Market:
    755
    Last Refresh:
    Apr 4 at 3:06 am

    Property Features for 16070 SE 55 AVE RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A1
    Standard status
    Active
    APN
    4764026000
    Lot size
    10.90 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3800

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Thrifena Hussain

    Listing agent Thrifena Hussain License #3532720

    Listing office LEGACY REALTY & ASSOCIATES 2403 SE 17 Street #501, Belleview, FL

    Listing date Mar 11, 2024

    MLS# OM674734 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

    Land in Gated Community

    This property features over 10 acres of A1 zoned land located within a gated community. The property is located in Summerfield, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.0497
    Latitude
    28.9926

    Nearby Similar for Sale

    • $579,900
      936 SF

      Equestrian/Agricultural Opportunity in Marion County

      14-acre equestrian/agricultural property in SE Marion County with studio barndominium.
      9900 SE SUNSET HARBOR ROAD, SUMMERFIELD, FL 34491
      View Details
    • $2,500,000

      Corner Land Parcel in Summerfield

      8.89 acres with frontage on CR 42 near The Villages.
      7415 SE HIGHWAY 42, SUMMERFIELD, FL 34491
      View Details
    • $945,000

      Turnkey Equestrian Property on 12.97 Acres

      Serene equestrian property with 13-stall barn and riding arena.
      815 SE 145TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $1,250,000
      1,632 SF

      Equestrian Property with Two Residences

      10-acre equestrian property with two residences and horse facilities.
      4495 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $499,000

      A-1 Zoned Land Near Villages

      11.95 acres of A-1 zoned land near The Villages.
      15153 SE 73RD AVENUE, SUMMERFIELD, FL 34491
      View Details
    • $235,000

      Commercial Lot Near Oxford Downs

      Commercial lot with easy access and few limitations.
      00 S US HWY 301, SUMMERFIELD, FL 34491
      View Details
    • $1,250,000
      1,440 SF

      High Profile Corner Property

      Corner property ideal for retail or service-oriented business.
      13121 S US HIGHWAY 441, SUMMERFIELD, FL 34491
      View Details
    • $975,000
      3,176 SF

      Summerfield Estate with Equestrian Potential

      7.84-acre estate featuring a renovated home, guest house, and barn.
      1960 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $470,000
      1,840 SF

      Summerfield Farm with Equestrian Features

      2.6-acre property with main house, stable, and mobile home.
      3334 SE 138TH PLACE, SUMMERFIELD, FL 34491
      View Details
    • $144,999

      Residential Estate Land Near Villages

      1.88-acre residential estate land near The Villages.
      0 SE 99TH AVENUE, SUMMERFIELD, FL 34491
      View Details
    • $36,000

      Summerfield, FL Vacant Land

      Vacant 0.40 acre lot in a serene Summerfield neighborhood.
      2034 SE 178th St, Summerfield, FL 34491
      View Details
    • $65,000

      Corner Lot in Growing Area

      Oversized corner lot ready for immediate development near The Villages.
      0 SE 159TH ST, SUMMERFIELD, FL 34491
      View Details

    FAQs

    What type of property is this?
    Land - 10+ acre A1 zoned land in Summerfield, Florida.
    Where is this land located?
    The property is located at 16070 SE 55 AVE RD Summerfield, FL.
    What is the asking price?
    The asking price for this property is $399,990.
    What are key features of this property?
    This property features: 10+ acre lot provides ample space.; A1 zoning.; Gated community for added security.
    (352) 857-4707
    We can help!
    Listing Contact
    Thrifena Hussain
    Real Estate License ID: 3532720
    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!