Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24309 NW BANYAN LANE Dunnellon, FL 34431

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - DUNNELLON, FL

    Lot size:
    0.48 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 29 at 12:06 am

    Property Features for 24309 NW BANYAN LANE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Exterior features
    Paved
    Standard status
    Active
    APN
    1814-018-057
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    289

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Pendergast

    Listing agent Gary Pendergast License #578354

    Listing office FLORIDA RE ANALYSTS, INC 4327 S Highway 27, #430, Clermont, FL

    Listing date Feb 11, 2026

    MLS# O6381809 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

    Dunnellon Land with Woods View

    Two adjoining platted lots are available with seller financing. The double lot totals 0.48 acres and offers a view of the woods. Electricity services are available, and new homes are being constructed in the area. The property is located in Dunnellon, Marion County, in north central Florida, offering a rural atmosphere and access to outdoor activities. Shopping, dining, and healthcare facilities are nearby. Ocala, Orlando, and the Tampa Bay area are within commuting distance. The property can be used to build a single home on the double lot, divide it and build on one lot, or construct separate homes on each 0.24-acre lot. The subject is located along the north side of NW Banyan Lane, approximately 560 feet east of Redwood Road in Dunnellon. The subject is the double lot on the north side of the road, approximately 140 feet west of the residence that has an address of 24300 NW Banyan Lane.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Dunnellon
    County
    Citrus
    State
    Florida
    Longitude
    -82.5109
    Latitude
    29.1431

    Nearby Similar for Sale

    • $285,000

      Versatile Building Near Dunnellon

      Versatile building with office spaces, kitchen, and detached garage.
      11840 N Angus Hills Terrace, Dunnellon, FL 34433
      View Details
    • $315,000

      Commercial Property in Dunnellon, Florida

      Commercial property with retail, office, and warehouse space for sale.
      2728 W Dunnellon Road, Dunnellon, FL 34433
      View Details
    • $2,150,000
      2,932 SF

      Luxury Equine Estate in Dunnellon

      Contemporary 6.32-acre estate with equestrian facilities near Ocala venues.
      12394 SW 140TH LOOP, DUNNELLON, FL 34432
      View Details
    • $499,900
      1,856 SF

      Charming Farm with Acreage

      10.56-acre farm with home, barn, greenhouse, and pool.
      9520 N HOLYOAK TERRACE, DUNNELLON, FL 34433
      View Details
    • $899,000
      2,188 SF

      Upgraded Farm Retreat with Equestrian Amenities

      Private farm retreat with modern upgrades and equestrian amenities.
      12524 SW 109TH PLACE, DUNNELLON, FL 34432
      View Details
    • $464,000

      Equine Lot Bordering Preserve

      4.64-acre equine-suitable lot bordering 8,000-acre preserve.
      12793 SW 138TH LOOP, DUNNELLON, FL 34432
      View Details
    • $300,000

      Dunnellon Land: Ranch Ready

      9.55 acres in Circle M Ranchettes, perfect rural retreat.
      5439 W Oakhill Street, Dunnellon, FL 34433
      View Details
    • $16,400

      Vacant Land in Dunnellon, FL

      Vacant land near Dunnellon town center with seller financing.
      1699 W Henry Blair Lane, Dunnellon, FL 34434
      View Details
    • $735,000

      Equestrian Farm on 23 Acres

      Established equestrian farm with barn, pastures, and riding rings.
      11375 N Circle M Avenue, Dunnellon, FL 34433
      View Details
    • $44,500

      Versatile 1.25 Acre Homesite

      Spacious lot with options for site-built, manufactured, or mobile homes.
      SW 156TH PLACE, DUNNELLON, FL 34432
      View Details
    • $1,144,725
      2,372 SF

      Equestrian Estate with Wellness Retreat

      Unique horse property designed for performance, comfort, and care.
      20462 SW 36TH STREET, DUNNELLON, FL 34431
      View Details
    • $140,000

      DUNNELLON Land Near WEC

      3.26 acre mini farm near World Equestrian Center.
      21635 SW 10TH STREET, DUNNELLON, FL 34431
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining lots totaling 0.48 acres with woods view.
    Where is this residential land & home lot located?
    The property is located at 24309 NW BANYAN LANE Dunnellon, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Seller financing available with flexible terms (8 or 5 years).; Double lot (.48 acres) offering multiple building options.; Below market cash price of $23,900.
    (407) 702-8363
    We can help!
    Listing Contact
    Gary Pendergast
    Real Estate License ID: 578354
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!