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    23545 Bishop Ave Christmas, FL 32709

    Sponsored
    For Sale
    $197,500

    Land - CHRISTMAS, FL

    Lot size:
    9.11 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 8:06 pm

    Property Features for 23545 Bishop Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A-2
    APN
    33-22-33-1324-00-400
    Pets allowed
    Cats OK, Dogs OK, Yes
    Exterior features
    Level, Unpaved
    Lot size
    9.11 Acres

    Utilities

    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Garrison

    RE/MAX 200 Realty (407) 721-7488

    Listing agent Scott Garrison, PA (407) 695-2066 License #560717

    Listing date Feb 24, 2026

    MLS# O6369317 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

    Sprawling Land in Christmas, FL

    This secluded 9.1-acre parcel of vacant land is zoned A-2 for farmland rural use. Located off an unpaved road, the property offers privacy with no close neighbors and views of the surrounding Deseret Ranch. The land includes a large pond and is not subject to HOA restrictions. Property taxes are low. Currently, the land cannot be built on for residential use without county approval, presenting an opportunity for increased value upon approval. The land can be used for agriculture, animal husbandry (horses, cows, bees, and chickens), or as a recreational area to enjoy the local wildlife, including white-tailed deer, sandhill cranes, and wild turkeys. To build on the land, the new owner would need to pave the road to Orange County specifications or get Orange County to vacate the right of way of Bishop Road, allowing the owner to build their own access road. According to a topographical survey, 4.05 acres are dry upland, and 5.05 acres are wetlands. Located in East Orange County near Fort Christmas, the property provides a rural lifestyle with convenient access to the city. Downtown Titusville and UCF’s Research Park/Siemens are approximately 20 minutes away, while Orlando International Airport, Valencia State College East Campus, and Waterford Lakes Towne Center are about 30 minutes away. Cocoa Beach Pier is less than 40 minutes away. The raw land requires well and septic installation. Schools nearby include Wedgefield Elementary, Corner Lake Middle, and East River High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Building Supply Spa & Massage Center Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service Garden Center Cosmetic Store Plumbing Service Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Christmas
    County
    Orange
    State
    Florida
    Longitude
    -81.019362
    Latitude
    28.526656

    FAQs

    What type of property is this?
    Agricultural land - 9.1 acres of secluded, partially cleared land zoned A-2.
    Where is this agricultural land located?
    The property is located at 23545 Bishop Ave Christmas, FL.
    What is the asking price?
    The asking price for this property is $197,500.
    What are key features of this property?
    This property features: - Secluded 9.1-acre property zoned A-2/Farmland Rural, offering privacy.; - Low property taxes ($1711/year) make it affordable.; - Potential for value increase upon county approval for residential building.
    (407) 339-3200
    Request Owner's contact information
    23545 Bishop Ave Christmas, FL 32709
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    Christmas, FL 32709
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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
    23545 Bishop Ave Christmas, FL 32709
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    We can help!
    Listing Contact
    Scott Garrison
    Real Estate License ID: 560717
    (407) 339-3200 (407) 695-2066
    Learn more
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