Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    191 CR-482N Lake Panasoffkee, FL 33538

    View on Map
    Claim this Listing
    For Sale
    $274,900

    Land - LAKE PANASOFFKEE, FL

    Lot size:
    5.00 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    113
    Last Refresh:
    May 5 at 10:06 pm

    Property Features for 191 CR-482N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR5C
    Security features
    Security Alarm, Security Lighting
    Exterior features
    Security Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    J09E006
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7.58

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joanne Rivera, P.A

    Listing agent Joanne Rivera, P.A License #3462742

    Listing office CHARLES RUTENBERG REALTY INC 1545 S Belcher Rd, Clearwater, FL

    Listing date Jan 12, 2026

    MLS# TB8463963 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.

    Overview

    5 Acres Pasture Land Available

    This 5-acre property in LAKE PANASOFFKEE, FL, offers a blend of peaceful country living and opportunity. The land is fully usable pasture land, cleared and ready. It has paved road access and is located minutes from I75 major highway. There are no flood concerns as the land is high and dry. Flexible use potential includes building, farming, investing, or holding. The property is located just minutes from Lake Panasoffkee, known for boating, fishing, and outdoor recreation, while still offering easy access to major highways for commuting. The property includes a chicken coop and is approved for mobile/manufactured homes. The property taxes are $8 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Nail Salon Pharmacy Department Store Food Market HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Panasoffkee
    County
    Sumter
    State
    Florida
    Longitude
    -82.119449
    Latitude
    28.758498

    Nearby Similar for Sale

    • $995,000

      Lake Panasoffkee Waterfront Land Opportunity

      48.6-acre waterfront property with development potential near Lake Panasoffkee.
      2992 N C 470, LAKE PANASOFFKEE, FL 33538
      View Details
    • $32,500

      Lake View Lot Opportunity

      Land with lake view, canal access, near The Villages.
      CR 457, LAKE PANASOFFKEE, FL 33538
      View Details
    • $250,000

      Lake Panasoffkee Versatile Office Space

      1,350 sqft office on 0.43 acres with parking.
      2339 N County 470 Road, Lake Panasoffkee, FL 33538
      View Details
    • $42,500

      Lake Panasoffkee Land Opportunity

      0.71-acre parcel near Lake Panasoffkee, ideal for building.
      CR 482C, LAKE PANASOFFKEE, FL 33538
      View Details
    • $30,000

      Land in LAKE PANASOFFKEE, FL

      Land for sale in LAKE PANASOFFKEE, Florida.
      948 CR 461, LAKE PANASOFFKEE, FL 33538
      View Details
    • $299,000
      768 SF

      Warehouse and Office Space Available

      Commercial property featuring warehouse and office spaces near I-75.
      985 CR 477, LAKE PANASOFFKEE, FL 33538
      View Details
    • $25,000

      Residential Lot Near Lake Panasoffkee

      0.25-acre residential lot near Lake Panasoffkee, Florida, with utilities available.
      County ROAD 401, Lake Panasoffkee, FL 33538
      View Details
    • $39,900

      Cleared Canal-Front Homesite Opportunity

      Cleared 0.279-acre canal-front lot near Lake Panasoffkee, Florida.
      748 CR 477A, Lake Panasoffkee, FL 33538
      View Details
    • $30,000

      Land in Lake Panasoffkee, FL

      Surplus property zoned R6M in Sumter County.
      948 CR 461, Lake Panasoffkee, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #4, LAKE PANASOFFKEE, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #5, LAKE PANASOFFKEE, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #3, LAKE PANASOFFKEE, FL 33538
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - High and dry 5-acre property in Lake Panasoffkee, Florida.
    Where is this agricultural land / farmland located?
    The property is located at 191 CR-482N Lake Panasoffkee, FL.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: 5 Acres of Cleared, Usable Pasture Land; Owner Financing Available; USDA Zero Down Payment Eligible
    (813) 997-0740
    We can help!
    Listing Contact
    Joanne Rivera, P.A
    Real Estate License ID: 3462742
    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
    191 CR-482N, LAKE PANASOFFKEE, FL 33538
    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!