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    The Largest CRE Database in the US with Over 1 Million Listings

    19040 NW 88Th Avenue Rd Reddick, FL 32686

    Sponsored
    For Sale
    $1,175,000

    Farm - REDDICK, FL

    Type:Farm
    Property size:
    2,567 SF
    Lot size:
    10.29 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 26 at 1:06 am

    Property Features for 19040 NW 88Th Avenue Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room, Office
    Bedrooms
    3
    Bathrooms
    2
    APN
    0189-005-000
    Parking features
    Carport, Garage, Garage - Attached
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-in Closet(s)
    Exterior features
    Paved, Fencing, Courtyard, Lighting, Private Entrance, Rain Gutters, Sliding Doors, Storage
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Size
    2,567 SF
    Lot size
    10.29 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Taimi Guillot
    Taimi Guillot

    Guillot Realty LLC (352) 217-7107

    Listing agent Taimi Guillot (352) 217-7107 License #3301708

    Listing date Jan 22, 2026

    MLS# OM708126 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

    Income-Producing Tree Farm with Residence

    This 10.29-acre property features an income-producing tree farm and a custom-built residence. An adjacent 11.91-acre parcel is available for separate purchase. The property is located 5 minutes from the Jockey Club and 25 minutes from Ocala and the World Equestrian Center. A gated entrance leads to the residence, which includes 3 bedrooms, 2 bathrooms, and a den/office. The home spans over 2,500 heated square feet and features an open split plan, soaring ceilings, wood accents, a gas fireplace, a laundry room, and a 4-car garage. The kitchen is equipped with granite counters, solid wood cabinetry, and high-end appliances. The owner’s suite includes a garden tub, glass-enclosed tile shower, separate vanities, and a walk-in closet. Outdoor features include a 30x48 pole barn with a 360 square foot unfinished barn office/loft, a new 50-amp RV hookup, a 20' bay, and a 2-horse stall barn with paddocks. Additional features include a whole-house generator installed in 2022, a water softener, a storage/garden shed, and underground wiring. A dry creek bed is installed to manage rainwater runoff. The property has the capacity to generate its own power via a commercial propane generator. A new roof is coming soon in 2026. The HVAC system was installed in 2021. The property is zoned A1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Garden Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.266463
    Latitude
    29.424984

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    FAQs

    What type of property is this?
    Farm - 10.29-acre income-producing tree farm with custom-built residence.
    Where is this farm located?
    The property is located at 19040 NW 88Th Avenue Rd Reddick, FL.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - 10.29-acre income-producing tree farm with optional 11.91-acre parcel.; - Custom-built residence with **3 bedrooms, 2 bathrooms, a den/office, and over 2,500 sqft of heated living space**, featuring an open split plan, soaring ceilings, and a 4-car garage.; - Includes a 30x48 pole barn with a 360 sqft unfinished office/loft, 2-horse stall barn with paddocks, and a new 50-amp RV hookup.
    (352) 217-7107
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    19040 NW 88Th Avenue Rd Reddick, FL 32686
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    Reddick, FL 32686
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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
    19040 NW 88Th Avenue Rd Reddick, FL 32686
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    We can help!
    Listing Contact
    Taimi Guillot
    Taimi Guillot
    Real Estate License ID: 3301708
    (352) 217-7107
    Learn more
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