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

    1960 SE 150Th St Summerfield, FL 34491

    Sponsored
    For Sale
    $1,090,000

    Farm - SUMMERFIELD, FL

    Type:Farm
    Property size:
    3,176 SF
    Lot size:
    7.84 Acres
    Days on Market:
    39
    Last Refresh:
    Jan 22 at 12:06 pm

    Property Features for 1960 SE 150Th St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    5
    APN
    44681-004-00
    Parking features
    Garage, Garage - Attached
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters
    Exterior features
    Paved, Balcony, Lighting, Outdoor Grill, Outdoor Kitchen, Storage, Pool
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Microwave, Refrigerator, Washer
    Size
    3,176 SF
    Lot size
    7.84 Acres

    Utilities

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

    Building Details

    Year built
    1988
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen, Storage

    We can help!

    Listing Contact
    Nancy Tuten
    Nancy Tuten

    Sellstate Next Generation Realty (352) 454-5912 [email protected]

    Listing agent Nancy Tuten (352) 387-2383 License #3381816

    Listing date Dec 15, 2025

    MLS# OM706652 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

    Summerfield Farm with Equestrian Potential

    This 7.84-acre property features pastureland with grand oaks and a gated entrance with a Magnolia-lined driveway. The main home was updated in 2025 with a new roof, a new high-efficiency HVAC system, and fresh interior and exterior paint. Inside, there are ceramic tile floors, granite countertops, appliances, and a double-sided fireplace. A lighted breezeway connects the main residence to an oversized garage, guest house, and office. The outdoor space includes a zero-entry pool with a new filter (2025), an outdoor kitchen, an entertainment patio, and a fire pit. The second garage features two 9' bay doors and space for boats, up to six vehicles, or tools. A 50-amp RV hookup is included. The property also includes multiple water heaters and dual septic systems. Energy efficiency features include a solar-assisted front gate and foil-wrapped roof trusses. Equestrian enthusiasts will appreciate the three-stall, center aisle barn complete with a tack room. The guest apartment includes a washer and dryer. The property is located eight minutes from The Villages, 19 minutes to downtown Ocala, and 28 minutes to the World Equestrian Center. The property offers potential for working from home, multigenerational living, or short-term rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Food Market Grocery Store Discount Store Electrical Service Car Rental Pawn Shop Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.112217
    Latitude
    29.001685

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    FAQs

    What type of property is this?
    Farm - 7.84-acre Summerfield farm featuring updated home, guest house, and barn.
    Where is this farm located?
    The property is located at 1960 SE 150Th St Summerfield, FL.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: - 7.84-acre estate with gated entrance, grand oaks, and Magnolia-lined driveway.; - Main home updated in 2025 with new roof, HVAC, interior/exterior paint, and granite countertops.; - Enjoy the zero-entry pool with new filter (2025), outdoor kitchen, entertainment patio, and fire pit.
    (352) 427-1732
    Request Owner's contact information
    1960 SE 150Th St Summerfield, FL 34491
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    Summerfield, FL 34491
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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
    1960 SE 150Th St Summerfield, FL 34491
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    We can help!
    Listing Contact
    Nancy Tuten
    Nancy Tuten
    Real Estate License ID: 3381816
    (352) 427-1732
    Learn more
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