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    Premier Event Venue on 10 Acres Title is generated by Realmo AI

    16907 BOY SCOUT ROAD, Odessa, FL 33556

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    Claim this Listing
    For Sale
    $2,897,500

    Land - ODESSA, FL

    Property size:
    7,040 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $411/SF
    Added:
    Mar 2, 2026
    Days on Market:
    77
    Last Refresh:
    May 18 at 10:06 pm

    Property Features for 16907 BOY SCOUT ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Exterior features
    Fencing
    Fencing
    Fenced
    Standard status
    Active
    APN
    U-21-27-17-ZZZ-000000-14060.0
    Size
    7,040 SF
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    18474.9

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Acerra

    Listing agent Frank Acerra License #567777

    Listing office SELECT PROPERTIES INC 2611 Keystone Rd. #B5, Tarpon Springs, FL

    Listing date Mar 2, 2026

    MLS# TB8480728 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.

    HighLights

    • Established, fully air‑conditioned 7,040± sq ft event venue (Serenity Barn) with modern amenities.
    • Approximately 10 acres in desirable Hillsborough County, minutes from Tampa Bay.
    • Turnkey agritourism/hospitality investment opportunity with existing approvals.
    • Flexibility for permitted agricultural and agritourism‑related activities under current zoning.
    • Multiple scenic outdoor ceremony locations and ample green space.
    • Prime location in a rapidly growing area with long‑term land value potential.

    Overview

    This is an exceptional opportunity to acquire approximately 10 acres, featuring a premier events venue in Hillsborough County, minutes from Tampa Bay. This offering includes a portion of the Raprager Family Farm property, with the owner selling a 10-acre portion with an established event venue. The property features the Serenity Barn, a constructed, fully air-conditioned 7,040 square-foot event facility designed to blend rustic elegance with modern comfort. The barn features soaring ceilings, chandeliers, polished epoxy marble look flooring, and an expansive open layout, accommodating large gatherings. The venue includes bridal and groom suites, a catering preparation area, integrated sound and lighting systems, and indoor restroom facilities. Situated on approximately 10 acres currently zoned for agricultural use (AR) within Hillsborough County, the property allows for continued operations consistent with its existing approvals while offering flexibility for other permitted agricultural and agritourism-related activities. The surrounding acreage provides scenic open countryside, green space, and multiple outdoor ceremony locations. Potential complementary uses may include agritourism events, seasonal festivals, farm-based retail, specialty crop cultivation, plant nursery operations, additional accessory structures related to agricultural or event activities, residential home or a church subject to county regulations and permitting. The acreage also allows room for parking expansion, additional covered pavilions, outdoor ceremony enhancements, or operational improvements that support the existing venue. The property presents a turnkey agritourism and hospitality investment with potential and long-term land value in the expanding Tampa Bay corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Wholesome Hen Restaurant Raprager Family Farms Food Processing Plant

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Hair Salon Kitchen & Bath Showroom HVAC Service Garden Center Furniture & Home Goods Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.599791
    Latitude
    28.116234

    FAQs

    What type of property is this?
    Wedding venue - Turnkey agritourism and hospitality investment opportunity in the Tampa Bay area.
    Where is this wedding venue located?
    The property is located at 16907 BOY SCOUT ROAD Odessa, FL.
    What is the asking price?
    The asking price for this property is $2,897,500.
    What are key features of this property?
    This property features: Established, fully air‑conditioned **7,040± sq ft event venue (Serenity Barn) with modern amenities.**; Approximately 10 acres in desirable Hillsborough County, minutes from Tampa Bay.; **Turnkey agritourism/hospitality investment opportunity with existing approvals.**
    (727) 410-9849
    We can help!
    Listing Contact
    Frank Acerra
    Real Estate License ID: 567777
    Learn More
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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.

    More about this property
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