Agricultural Land with Metal
For Sale
$599,000
19100 COUNTY ROAD 33, Groveland, FL 34736
Land, GROVELAND, FL
Property Size5,580 SF
Lot Size46.25 Acres
Price / SF$107.35
Days on Market571
Property Features for 19100 COUNTY ROAD 33
General Information
Property type
Land
Property subtype
Other
Zoning
A
Fencing
Fenced
Subdivision
ACREAGE
Lot features
In County
View
Water, Lake
Directions
Hwy 50 west to CR 33 north. Travel North 3.7 miles. Property on the right. Look for the large shed, if you miss that entrance there is another in 50".
Standard status
Active
APN
26-21-24-0003-000-03200
Lot size
46.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
N 200 FT OF S 560 FT OF SW 1/4 LYING E'LY OF SR 33 N 25 FT OF E 671.06 FT OF S 360 FT OF SW 1/4 W 58.19 FT OF E 317.02 FT OF N 14.46 FT OF S 335 FT OF SW 1/4 ORB 6119 PG 512
Tax Annual Amount
2296
Legal Description
N 200 FT OF S 560 FT OF SW 1/4 LYING E'LY OF SR 33 N 25 FT OF E 671.06 FT OF S 360 FT OF SW 1/4 W 58.19 FT OF E 317.02 FT OF N 14.46 FT OF S 335 FT OF SW 1/4 ORB 6119 PG 512
Utilities
Utilities
Electricity Available
Sewer type
Septic Needed
Water front features
Lake Front
Water front
1
Building Details
Additional Structures
Workshop
Listing Agency:
REALTEAM REALTY INC.
(352) 394-1144
Listed By:
Trish Leisner · License #3185853
(352) 267-6216
Added: Mar 5, 2025
Changed: Sep 12
Last Checked: Sep 27 at 2:06AM
MLS# G5093950
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.
Investment Insights
Based on property information with market context.
This 46.25-acre agricultural property comprises two parcels and two metal buildings measuring 3,480 square feet and 2,100 square feet. The buildings provide substantial enclosed storage, while fencing covers most of the land. The property includes lake frontage on Grassy Lake, an island area, wetlands, and higher, dry ground. A well serves the property, with electricity available and septic needed.
Approximately 570 feet of frontage along CR 33 provides direct road exposure. The site is positioned north of Hwy 50 in Groveland, with Florida Turnpike entrances nearby and grocery stores, restaurants, and shopping within 5 miles. Lake County has confirmed two building sites, subject to required setbacks and buyer verification. Agricultural zoning is associated with uses including farming, livestock, agritourism, a plant nursery, and a roadside farm stand.
Approximately 570 feet of frontage along CR 33 provides direct road exposure. The site is positioned north of Hwy 50 in Groveland, with Florida Turnpike entrances nearby and grocery stores, restaurants, and shopping within 5 miles. Lake County has confirmed two building sites, subject to required setbacks and buyer verification. Agricultural zoning is associated with uses including farming, livestock, agritourism, a plant nursery, and a roadside farm stand.
Key Highlights
- 46.25 acres across 2 parcels with 2 building sites subject to required setbacks
- Two metal buildings measuring 3,480 square feet and 2,100 square feet
- Approximately 570 feet of frontage on CR 33
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,020
$757.0K
Cap Rate 7%
$540,729
$540.7K
Cap Rate 9%
$420,567
$420.6K
Market Conditions
NOI Build-Up for 5,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $8.76/SF
− Vacancy
−$4.4K −$0.78/SF
EGI
$44.5K $7.98/SF
− OpEx
−$6.7K −$1.20/SF
NOI
$37.9K $6.78/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,020
Cap Rate 7%
$540,729
Cap Rate 9%
$420,567
Alternative Uses
Best Use
Warehouse
$540.7K
$473.1K – $630.9K
NOI $37,851 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,154 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 34736, FL
24,679
Population
10,029
Households
2.5
Avg Household Size
41
Median Age
32%
College-Educated
87%
High-School Grad
115.0 sq mi
ZIP Area
215
Density / Sq Mi
$82,478
Median Household Income
$42,322
Median Earnings
$1,535
Median Rent
$335,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Large acreage property with two metal buildings, lake frontage, and a fenced portion.
Where is this agricultural land / farmland located?
The property is located at 19100 COUNTY ROAD 33 Groveland, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 46.25 acres across 2 parcels with 2 building sites subject to required setbacks; Two metal buildings measuring 3,480 square feet and 2,100 square feet; Approximately 570 feet of frontage on CR 33
