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

    17045 NW 128Th Ter Reddick, FL 32686

    View on Map
    Sponsored
    For Sale
    $300,000

    Duplex - REDDICK, FL

    Type:Duplex
    Property size:
    2,424 SF
    Lot size:
    3.04 Acres
    Days on Market:
    43
    Last Refresh:
    Mar 7 at 2:06 am

    Property Features for 17045 NW 128Th Ter

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    A1
    APN
    05854-006-19
    Size
    2,424 SF
    Lot size
    3.04 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    2
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Yolanda Hodges

    Dalton Wade, Inc. (727) 888-4175

    Listing agent Yolanda Hodges (888) 668-8283 License #3320288

    Listing date Jan 24, 2026

    MLS# TB8414127 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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Property Near Equestrian Center

    This 3.04-acre property in Ocala offers country living with two separate dwellings. Each dwelling has its own septic tank and well. One well is 85 feet deep, and the other is a newer 105-foot deep well, providing independent water access. The property is zoned A1 and is located 25 minutes from the World Equestrian Center. It offers flexibility for a multi-family setup, rental income, or extra space for guests. The land provides room for livestock and agriculture, suitable for goats, pigs, and chickens. The property offers open land, fresh air, and privacy, while remaining a short drive from shopping, dining, and equestrian events. The property includes 2424 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Garden Center Bakery Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.335742
    Latitude
    29.39061

    Nearby Similar for Sale

    • $639,900
      1,958 SF

      Equestrian Property Near World Equestrian Center

      Charming ranch on 6 acres near World Equestrian Center.
      15636 Highway 329 N, Reddick, FL 32686
      View Details
    • New
      $390,000
      2,914 SF

      New Reddick Duplex Investment Opportunity

      2024 duplex in Reddick with strong rental income potential.
      4300 Highway 316 W, Reddick, FL 32686
      View Details
    • New
      $780,000
      5,830 SF

      Newer Multi-Family Income Property

      Two 2024 duplexes on 1.18 acres in Reddick, Florida.
      4341 NW 154Th St, Reddick, FL 32686
      View Details
    • $475,000
      15.00 Acres

      Land Ideal for Horse Farm

      15-acre parcel perfect for a dream horse farm.
      6124 NW 160Th St, Reddick, FL 32686
      View Details
    • $600,000
      20.00 Acres

      20 Acre Horse Farm Canvas

      20 acre parcel perfect for a dream horse farm.
      6124 NW 160Th St, Reddick, FL 32686
      View Details
    • $1,175,000
      2,567 SF

      Income-Producing Tree Farm with Residence

      10.29-acre income-producing tree farm with custom-built residence.
      19040 NW 88Th Avenue Rd, Reddick, FL 32686
      View Details
    • New
      $3,299,000
      3,195 SF

      Turnkey Horse Farm in Reddick

      Versatile horse property near equestrian venues with custom home.
      12610 NW Gainesville Rd, Reddick, FL 32686
      View Details
    • $1,125,000
      1,637 SF

      Equestrian Farm Near WEC

      Turnkey farm with potential in the heart of horse country.
      12615 NW Gainesville Rd, Reddick, FL 32686
      View Details
    • $2,999,999
      3,190 SF

      Reddick Equestrian Estate with Residence

      41-acre equestrian estate featuring a custom residence and extensive facilities.
      11715 NW 90Th Ave, Reddick, FL 32686
      View Details
    • $8,450,000
      1,350 SF

      Equestrian Estate Near Golden Corridor

      125-acre equestrian estate with barns, residences, and serene lakes.
      12853 NW 90Th Ave, Reddick, FL 32686
      View Details
    • $7,800,000
      4,546 SF

      Equestrian Estate with Highway Frontage

      Remarkable 109.29-acre estate in NW Marion County.
      15551 Highway 225 NW, Reddick, FL 32686
      View Details
    • $1,699,000
      3,131 SF

      Equestrian Estate on 12 Acres

      Renovated 4-bedroom home with equestrian facilities near horse show venues.
      9760 Highway 316 W, Reddick, FL 32686
      View Details

    FAQs

    What type of property is this?
    Duplex - 3. 5 acres with two dwellings near World Equestrian Center.
    Where is this duplex located?
    The property is located at 17045 NW 128Th Ter Reddick, FL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - 25 minutes to the World Equestrian Center; - 3.5 usable acres suitable for livestock and agriculture; - Two separate dwellings offering multi-family living or rental income potential
    (404) 775-3715
    Request Owner's contact information
    17045 NW 128Th Ter Reddick, FL 32686
    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.
    17045 NW 128Th Ter
    Reddick, FL 32686
    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
    17045 NW 128Th Ter Reddick, FL 32686
    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

    We can help!
    Listing Contact
    Yolanda Hodges
    Real Estate License ID: 3320288
    (404) 775-3715 (888) 668-8283
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!