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    20221 SW 5Th Pl Dunnellon, FL 34431

    View on Map
    Sponsored
    For Sale
    $895,000

    Farm - DUNNELLON, FL

    Type:Farm
    Property size:
    2,178 SF
    Lot size:
    13.66 Acres
    Days on Market:
    28
    Last Refresh:
    Mar 12 at 5:06 am

    Property Features for 20221 SW 5Th Pl

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security Gate
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    4
    APN
    17309-101-01
    Parking features
    Boat, Garage, Guest, Off Street, Oversized, RV, Workshop
    Pets allowed
    Dogs OK
    Interior features
    Cathedral Ceiling(s), Primary Bedroom Main Floor, Thermostat
    Exterior features
    Level, Paved, Fencing, Lighting, Private Mailbox, Rv Hookup, Storage
    Fencing
    Fenced, Gate
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    2,178 SF
    Lot size
    13.66 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Flooring type
    Linoleum, Vinyl
    Building materials
    Frame
    Roof type
    Metal, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lori Busch
    Lori Busch

    Busch Realty (352) 690-1909

    Listing agent Lori Busch (352) 690-1909 License #3104889

    Listing date Feb 12, 2026

    MLS# OM712308 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

    Dunnellon Equine Center and Farm

    Located in Marion County, the Horse Capital of the World, this 13.66-acre equine center and farm offers a rare opportunity. The property, zoned A1 Agricultural Residential, includes barns and outbuildings covering 2.32 acres, with the remaining 11.34 acres divided into five lush pastures and paddocks. The property features 667 feet of frontage on paved SW 5th Place, situated just one mile west of Hwy 41, and is conveniently located 14 miles east of the World Equestrian Center and 15 miles northeast of HITS Horse Show in the Sun. The show barn, measuring 63’x64’ (4032 sq ft), features a 14’ wide center aisle, metal roof, and a 12’ overhead door, along with eight high-quality 12’x12’ stalls. Attached to the show barn via a covered walkway is a 20’x67’ (1340 sq ft) horse care center with four equine service bays, a bathroom, and a large tack room plumbed for a shower. The property also includes a 1026 sq. ft. farm manager's quarters with one bedroom, two baths, stainless appliances, and granite counters. A warehouse building measuring 36’x72’ includes six bays, three with 12’ overhead doors and concrete flooring, and three designed for equipment and hay storage. There are also two run-in barns, each with two 12’ x 12’ stalls. The residence is a renovated 1152 sq ft Fleetwood mobile home built in 1994, featuring three bedrooms, two full baths, new AC, septic system, bathrooms, flooring, windows, siding, and insulation, plus two porches. The property also includes two RV sites with 50/30/20 power, water, septic, and Starlink internet. One site includes a 2013 Eagle by Jayco RV. Designed as an Equine Education Center, this property is suited for animal care, boarding, or showing, and is ideal for a horse farm, equine education, canine training, or veterinarians.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunnellon
    County
    Citrus
    State
    Florida
    Longitude
    -82.45657293
    Latitude
    29.1825617

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    FAQs

    What type of property is this?
    Horse & equestrian property - Equine center and farm on 13.66 acres near Ocala.
    Where is this horse & equestrian property located?
    The property is located at 20221 SW 5Th Pl Dunnellon, FL.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Equine Center/Farm in Marion County, Horse Capital of the World; - Extensive Equine Facilities: Show barn with 8 stalls, Horse Care Center with 4 service bays, tack room, and Farm Manager quarters.; - 13.66 Acres with 5 Pastures
    (352) 804-5544
    Request Owner's contact information
    20221 SW 5Th Pl Dunnellon, FL 34431
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    Dunnellon, FL 34431
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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
    20221 SW 5Th Pl Dunnellon, FL 34431
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    We can help!
    Listing Contact
    Lori Busch
    Lori Busch
    Real Estate License ID: 3104889
    (352) 804-5544 (352) 690-1909
    Learn more
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