Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Interlachen, FL Land For Sale Title is generated by Realmo AI

    188 KAY Street, Interlachen, FL 32148

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Interlachen, FL

    Lot size:
    0.20 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    53
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 188 KAY Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    091024035100300040
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    68

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    LARISSA RICKETTS-OWENS

    Listing agent LARISSA RICKETTS-OWENS License #578289

    Listing office MODERN REALTY OF FLORIDA 326 St. Johns Avenue, INTERLACHEN, FL

    Listing date Mar 31, 2026

    MLS# 2137656 Listing URL

    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.

    HighLights

    • Zoned R‑2 for site‑built or manufactured homes.
    • Easy commute to Gainesville or Palatka.
    • Proximity to area lakes and parks for recreation.
    • Growing small town of Interlachen with restaurants and shops.
    • Country setting with Florida sunshine.
    • Electricity Available.

    Overview

    This property consists of lots zoned R-2, suitable for site-built or manufactured homes. Situated in a country setting, the location offers access to Florida sunshine. Interested parties should verify with the appropriate county office to ensure the lots meet their intended use. The property provides an easy commute to Gainesville or Palatka, and is approximately one hour from St. Augustine and the beach. The surrounding area features lakes and parks for recreation. The small town of Interlachen is experiencing growth, with restaurants and shops available for daily needs. The lot size is approximately 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy Garden Center Car Rental Facility Computer & Electronic Repair Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Interlachen
    County
    Putnam
    State
    Florida
    Longitude
    -81.909781
    Latitude
    29.635291

    Nearby Similar for Sale

    • $124,000

      Prime Commercial Corner Parcel

      1.15-acre commercial parcel with high visibility in Interlachen, Florida.
      STATE ROAD 20, Interlachen, FL 32148
      View Details
    • $45,738

      One Acre Corner Land Parcel

      One-acre corner assemblage in Interlachen, buildable with no HOA.
      100 LINDA Lane, Interlachen, FL 32148
      View Details
    • $349,900

      Prime Commercial Land on SR-20

      4.43-acre corner lot with development potential in Interlachen, Florida.
      108 WILLIS ROAD, INTERLACHEN, FL 32148
      View Details
    • $15,000

      Wooded Land Parcel in Interlachen

      Four wooded lots in College Park Estates, Interlachen, Florida.
      TBT 5TH WAY, INTERLACHEN, FL 32148
      View Details
    • $124,000

      Prime Commercial Land on State Road

      1.15-acre corner parcel with high visibility in Interlachen, Florida.
      STATE RD 20, Interlachen, FL 32148
      View Details
    • $9,999

      Oversized Corner Lot in Interlachen

      0.33-acre corner lot in Putnam County, great for flexible homesite.
      1404 Twin Lakes Blvd, Interlachen, FL 32148
      View Details
    • $75,000

      Commercial Land on State Road

      Commercial land with frontage on State Road 20 in Interlachen.
      1281 STATE ROAD 20, Interlachen, FL 32148
      View Details
    • $9,999

      Oversized Corner Lot in Interlachen

      0.33-acre corner lot in Putnam County, Florida.
      1404 TWIN LAKES BLVD, INTERLACHEN, FL 32148
      View Details
    • $7,995

      Interlachen, FL Land For Sale

      Land in a country setting, suitable for site-built or manufactured homes.
      522 JANET Avenue, Interlachen, FL 32148
      View Details
    • $100,000

      Commercial Land in Interlachen, FL

      Commercial property in Putnam County with state road frontage.
      341 S COUNTY ROAD 315, INTERLACHEN, FL 32148
      View Details
    • $775,000

      Cleared Land Ready For Development

      Cleared 3.72-acre land parcel zoned C-3 in Interlachen, Florida.
      101 HICKORY LANE, INTERLACHEN, FL 32148
      View Details
    • $299,000

      Waterfront Land on Mirror Lake

      10+ acre wooded property with lake frontage in Interlachen.
      427 N WEST Street, Interlachen, FL 32148
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land zoned for site-built or manufactured homes in Interlachen, FL.
    Where is this residential land & home lot located?
    The property is located at 188 KAY Street Interlachen, 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: Zoned R‑2 for site‑built or manufactured homes.; Easy commute to Gainesville or Palatka.; Proximity to area lakes and parks for recreation.
    (386) 972-3855
    We can help!
    Listing Contact
    LARISSA RICKETTS-OWENS
    Real Estate License ID: 578289
    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

    Thank You for Inquiry
    188 KAY Street, Interlachen, FL 32148
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!