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    Fanning Springs Land Opportunity Title is generated by Realmo AI

    16571 NW 84th Ter, Fanning Springs, FL 32693

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    LAND - Fanning Springs, FL

    Lot size:
    0.69 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    50
    Last Refresh:
    May 29 at 8:06 pm

    Property Features for 16571 NW 84th Ter

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0757801900
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    33-10-14 COLFAX CITY BLK B LOT 30 OR BOOK 1158 PAGE 310 & 33-10-14 COLFAX CITY BLK B LOTS 31 & 32 OR BOOK 1158 PAGE 310
    Tax Annual Amount
    150

    We can help!

    Listing Contact
    Fred Wynans

    Listing agent Fred Wynans License #SL3583404

    Listing office Hatcher Realty Services, Inc. Trenton 104 N. Main St., Cross City, FL

    Listing date Apr 10, 2026

    MLS# 798986 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Combined .89‑acre property with two adjacent lots being sold together.
    • Power pole already on‑site on the larger .46‑acre lot.
    • Located on a well‑maintained paved road in a quiet neighborhood that welcomes homes and mobile homes.
    • City water available to both lots.
    • Close proximity to nature trails, state parks, natural springs, and wildlife preserves.
    • Conveniently located within 10 minutes of Chiefland and Old Town, and 35‑40 minutes from Gainesville.

    Overview

    This property features a combined 0.69-acre parcel in Fanning Springs, Florida, comprising two adjacent lots being sold together. One lot measures 0.46 acres, and the other measures 0.23 acres. The property is suitable for a future home or mobile home. The larger lot already has a power pole on-site, and both lots are connected to city water; septic will be needed. Located on a maintained paved road in a quiet neighborhood that welcomes both homes and mobile homes, the property is zoned for potential building, with buyers encouraged to verify possibilities with the Levy County Building and Zoning department. The location provides easy access to nature trails, state parks, natural springs, and wildlife preserves. Chiefland and Old Town are within 10 minutes, offering amenities such as restaurants, shopping, medical care, a flea market, and RV parks. Gainesville is 35-40 minutes away, providing additional options for dining, entertainment, and shopping. This property is suited for those seeking a quiet lifestyle close to nature, with convenient access to essential amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fanning Springs
    County
    Gilchrist
    State
    Florida
    Longitude
    -82.913897
    Latitude
    29.570835

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    FAQs

    What type of property is this?
    Residential land & home lot - Combined lots near nature trails, state parks, and springs.
    Where is this residential land & home lot located?
    The property is located at 16571 NW 84th Ter Fanning Springs, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Combined .89‑acre property with two adjacent lots being sold together.; Power pole already on‑site on the larger .46‑acre lot.; Located on a well‑maintained paved road in a quiet neighborhood that welcomes homes and mobile homes.
    (352) 221-4830
    We can help!
    Listing Contact
    Fred Wynans
    Real Estate License ID: SL3583404
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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.

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    16571 NW 84th Ter, Fanning Springs, FL 32693
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