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

    178 SUMTER Road Satsuma, FL 32189

    View on Map
    New
    For Sale
    Contact for pricing

    LAND - Satsuma, FL

    Lot size:
    1.01 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 178 SUMTER Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    391126823106300030
    Lot size
    1.01 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    200

    We can help!

    Listing Contact
    LINDSEY PARHAM

    Listing agent LINDSEY PARHAM License #3507832

    Listing office MOMENTUM REALTY 13475 Atlantic Blvd Ste 8 Office S206, Jacksonville, FL

    Listing date Mar 26, 2026

    MLS# 2136888

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

    Overview

    Cleared Acreage Near St. Johns

    This is a cleared 1.01 acre lot ready for building a home. A culvert is in place for access. Mature trees surround the property, providing privacy. The property is located near the upcoming Bass Pro Resort. Dining, shopping, and schools are nearby in Palatka and Welaka. The St. Johns River is easily accessible, offering opportunities for boating, fishing, and kayaking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Satsuma
    County
    Putnam
    State
    Florida
    Longitude
    -81.685009
    Latitude
    29.543843

    Nearby Similar for Sale

    • $20,000

      Cleared Acreage Near St. Johns

      1.03 acre lot near St. Johns River.
      519 5TH Street, Satsuma, FL 32189
      View Details
    • $249,900

      Waterfront Land on Dunns Creek

      Waterfront property with boat house, lift, and stunning views.
      160 SMITH Lane, Satsuma, FL 32189
      View Details
    • $30,000

      Satsuma, FL Residential Lot

      High and dry 0.78-acre lot near Dunns Creek.
      201 Pineway West Ave, Satsuma, FL 32189
      View Details
    • $8,000

      Satsuma, Florida Land For Sale

      Residential lot in Satsuma, Florida, near St. Johns River.
      115 CLICK Road, Satsuma, FL 32189
      View Details
    • $7,900

      Satsuma, FL Cleared Land

      0.24 acre cleared lot in Satsuma, Florida.
      226 RIDGE Road, Satsuma, FL 32189
      View Details
    • $9,999

      Residential Land in Satsuma, FL

      Vacant lot ready for your dream home in Satsuma.
      505 HICKORY NUT TRAIL, SATSUMA, FL 32189
      View Details
    • $27,000

      Residential Lot in Satsuma

      Corner lot in St. Johns Riverside Estates Marina community.
      110 LEEWARD ROAD, SATSUMA, FL 32189
      View Details
    • $350,000
      3,818 SF

      Victorian with Highway Frontage

      Commercially zoned Victorian with highway frontage and steel building.
      1173 HIGHWAY 17, Satsuma, FL 32189
      View Details
    • $17,500

      Residential Land in Putnam County

      0.25-acre residential parcel with road frontage in Putnam County.
      109 LUCAS STREET, SATSUMA, FL 32189
      View Details
    • $17,500

      Residential Land in Putnam County

      0.25-acre residential lot suitable for site-built or manufactured homes.
      109 Lucas Street, Satsuma, FL 32189
      View Details
    • $45,000

      Satsuma Land with New Septic

      0.23 acre lot with new septic and well.
      331 QUAIL HOLLOW Road, Satsuma, FL 32189
      View Details
    • $19,223

      Land For Sale in Satsuma

      Land parcel available in Satsuma, Putnam County, Florida.
      219 RABBIT TRACK Road, Satsuma, FL 32189
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.01 acre lot near St. Johns River.
    Where is this residential land & home lot located?
    The property is located at 178 SUMTER Road Satsuma, 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: 1.01 acre cleared lot ready for building.; Located near the upcoming Bass Pro Resort.; Easy access to the St. Johns River for boating and fishing.
    (386) 530-1737
    We can help!
    Listing Contact
    LINDSEY PARHAM
    Real Estate License ID: 3507832
    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!