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

    18251 Ramsey Road Weeki Wachee, FL 34614

    View on Map
    Claim this Listing
    For Sale
    $44,900

    LAND - Weeki Wachee, FL

    Lot size:
    1.20 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 18 at 2:06 am

    Property Features for 18251 Ramsey Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Out of County
    Exterior features
    RoomForPool
    Standard status
    Active
    APN
    00629804
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    ROYAL HIGHLANDS UNIT 1 BLK 24 LOT 15
    Tax Annual Amount
    559

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Robert Tessmer Jr.

    Listing agent Robert Tessmer Jr. License #3038141

    Listing office Coldwell Banker Investors Realty 314 W Main Street, Inverness, FL

    Listing date Apr 3, 2026

    MLS# 853720 Listing URL

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royal Highlands Homesite Opportunity

    Located in the Royal Highlands community, this 1.2-acre homesite is suitable for building a custom home or for long-term investment. The parcel has no HOA, CDD fees, or deed restrictions. The property is near saltwater fishing in the Gulf, Chassahowitzka and Weeki Wachee Springs, and the Weeki Wachee Preserve. Local shopping, dining, medical facilities, and schools are also nearby, with access to US-19 and the Suncoast Parkway for commuting to Tampa. This 1.2-acre lot requires well and septic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weeki Wachee
    County
    Hernando
    State
    Florida
    Longitude
    -82.55682
    Latitude
    28.688467

    Nearby Similar for Sale

    • $3,500,000
      5,326 SF

      Waterfront Retail Business Opportunity

      Thriving waterfront business with multiple income streams on 0.71 acres.
      7154 SHOAL LINE BOULEVARD, WEEKI WACHEE, FL 34607
      View Details
    • $84,000

      Expansive Homesite in Royal Highlands

      0.74-acre homesite in Royal Highlands community, Hernando County.
      11155 MARSH WREN AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $52,000

      Residential Lot in Weeki Wachee

      0.46-acre residential lot in a growing Weeki Wachee area.
      8110 NORDICA ROAD, WEEKI WACHEE, FL 34613
      View Details
    • $72,500

      Residential Land in Royal Highlands

      0.62-acre corner lot in Weeki Wachee's Royal Highlands community.
      0 MAZETTE ROAD, WEEKI WACHEE, FL 34613
      View Details
    • $65,000

      Spacious Residential Lot, No HOA

      0.53-acre lot in Royal Highlands, Weeki Wachee, Florida.
      13070 QUIGLEY AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $135,000

      Cleared Land with Steel Structure

      Half-acre lot with permitted structure in Royal Highlands community.
      16386 KAKAWI ROAD, WEEKI WACHEE, FL 34614
      View Details
    • $55,000

      Cleared Homesite Ready to Build

      Half-acre homesite in Royal Highlands, ready for your dream home.
      12348 SNOWY EGRET AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $55,000

      Cleared Homesite Ready to Build

      Half-acre homesite in Royal Highlands, ready for your dream home.
      12348 SNOWY EGRET AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $40,000

      Wooded Lot in Royal Highlands

      Half-acre wooded lot near Weeki Wachee River, no HOA/CDD.
      12496 Sanders Avenue, Weeki Wachee, FL 34614
      View Details
    • $85,000

      Spacious Homesite in Royal Highlands

      0.75-acre homesite in Royal Highlands, build your dream home.
      11263 MEXICAN CANARY AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $43,900

      Land Near Weeki Wachee Springs

      0.58 acre property near Weeki Wachee Springs.
      18172 COMMERCIAL WAY, WEEKI WACHEE, FL 34614
      View Details
    • $50,000

      Royal Highlands Corner Lot

      Spacious 0.77 acre corner lot in Royal Highlands.
      16070 SHELDRAKE LOOP, WEEKI WACHEE, FL 34614
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.2-acre homesite in Royal Highlands, no HOA or CDD fees.
    Where is this residential land & home lot located?
    The property is located at 18251 Ramsey Road Weeki Wachee, FL.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: Large 1.2‑acre homesite in the desirable Royal Highlands community.; No HOA, CDD fees, or deed restrictions, offering ultimate freedom and flexibility.; Prime location near world‑class saltwater fishing, Chassahowitzka and Weeki Wachee Springs, and Weeki Wachee Preserve.
    (352) 302-0469
    We can help!
    Listing Contact
    Robert Tessmer Jr.
    Real Estate License ID: 3038141
    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!