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    23-Acre Retreat with Stocked Pond Title is generated by Realmo AI

    270 WRIGHT GROVE ROAD, Oak Hill, FL 32759

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    Claim this Listing
    For Sale
    $1,100,000

    Farm - OAK HILL, FL

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    23.45 Acres
    Price / SF:
    $785/SF
    Added:
    Nov 25, 2025
    Days on Market:
    175
    Last Refresh:
    May 19 at 12:06 am

    Property Features for 270 WRIGHT GROVE ROAD

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A-1
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Great Room, Kitchen
    Parking features
    RV
    Interior features
    Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor
    Exterior features
    Rv Hookup
    Fireplace
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    941200000060
    Size
    1,400 SF
    Lot size
    23.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5025.83

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air
    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Year built
    1981
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Young

    Listing agent Lori Young License #3589039

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Nov 25, 2025

    MLS# NS1085902 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.

    HighLights

    • Expansive 23.45‑acre property offering privacy and space.
    • Gorgeous 1‑acre spring‑fed pond stocked with fish.
    • Updated 2‑bedroom, 2‑bathroom home with new kitchen, flooring, and windows (2022‑2023).
    • Thriving orchard with pecan and fruit trees.
    • Updated roof, HVAC, water heater, and septic system, including RV hookup.
    • Solid concrete‑cinder block construction for durability.

    Overview

    This 23.45-acre property offers a retreat with a 1,400 sq ft home featuring 2 bedrooms and 2 bathrooms. The home has an open concept layout and a wood-burning fireplace. Recent updates between 2022 and 2023 include a new kitchen with 42" upper cabinets, modern LVP flooring, and new windows. Constructed in 1981, the home has a solid concrete-cinder block exterior and a concrete slab foundation. The property includes a 1-acre spring-fed pond that is 45 feet deep and stocked with bluegill, perch, and turtles. The landscape features an orchard with pecan trees and various fruit trees. There are existing beehives on the property. Additional features include an updated roof, HVAC, water heater, and septic system, including RV hookup. A concrete pad is ready for exterior walls for a pole barn, or the existing block wall can be finished to complete the detached garage. The property is located off a paved county road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Garden Center Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Hill
    County
    Volusia
    State
    Florida
    Longitude
    -80.868518
    Latitude
    28.856383

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    FAQs

    What type of property is this?
    Farm - 23-acre property with a home, pond, and fruit trees.
    Where is this farm located?
    The property is located at 270 WRIGHT GROVE ROAD Oak Hill, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Expansive 23.45‑acre property offering privacy and space.; Gorgeous 1‑acre spring‑fed pond stocked with fish.; Updated 2‑bedroom, 2‑bathroom home with new kitchen, flooring, and windows (2022‑2023).
    (614) 477-9110
    We can help!
    Listing Contact
    Lori Young
    Real Estate License ID: 3589039
    Learn More
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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
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