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

    2848 W REDONDO ROAD Avon Park, FL 33825

    View on Map
    Claim this Listing
    Picture of Land at 2848 W REDONDO ROAD, Avon Park, FL
    For Sale
    Contact for pricing

    Land - AVON PARK, FL

    Lot size:
    0.23 Acres
    Added:
    May 17, 2021
    Days on Market:
    1808
    Last Refresh:
    Apr 28 at 2:06 am

    Property Features for 2848 W REDONDO ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    C-01-33-28-090-0380-0170
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    69.22

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Falbo
    Frank Falbo

    Listing agent Frank Falbo License #3078460

    Listing office PLATINUM HOMES AND LAND REALTY 1701 NE 42nd Ave Suite 201, Ocala, FL

    Listing date May 17, 2021

    MLS# OM620376 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

    Land in Avon Park, FL

    This 0.23-acre lot in Avon Park, Florida, is zoned R1. It is suitable for building or investment purposes. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Bar & Pub Grocery & Convenience Store Food Market HVAC Service Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon Park
    County
    Highlands
    State
    Florida
    Longitude
    -81.5503757
    Latitude
    27.6045911

    Nearby Similar for Sale

    • $325,000

      Corner Commercial Lot on Highway

      Prime commercial land with high visibility and highway frontage.
      1102 US-27, AVON PARK, FL 33825
      View Details
    • $799,000
      4,020 SF

      Corner Lot Commercial Building

      High-visibility commercial building on U.S. Hwy 27 in Avon Park.
      1659 Us Highway 27 N unit: 101, Avon Park, FL 33825
      View Details
    • $487,000

      Prime Commercial Land Opportunity

      2.65 acres of B-2 zoned land ready for development.
      2161 US 27 N, Avon Park, FL 33825
      View Details
    • $1,900,000
      16,202 SF

      Commercial Buildings in Growing Avon Park

      Three commercial buildings on 1.1 acres in vibrant Avon Park.
      43 E Main St, Avon Park, FL 33825
      View Details
    • $500,000

      Waterfront Lot on Little Red Water

      Spectacular 4.8-acre waterfront lot with 992 feet of lakefront.
      2916 Holiday Beach Dr, Avon Park, FL 33825
      View Details
    • $65,000

      Residential Vacant Lot in Avon

      Ready-to-build lot near downtown Avon Park with utilities available.
      1472 WILLIAMS GRAY COURT, AVON PARK, FL 33825
      View Details
    • $16,900

      Residential Lot in Growing Area

      Partially cleared lot in Avon Park, Florida. Owner financing available.
      2800 W Kevin Road, Avon Park, FL 33825
      View Details
    • $46,000

      Vacant Buildable Corner Lot

      Buildable vacant corner lot in Avon Park near downtown.
      200 HATCHER AVENUE, AVON PARK, FL 33825
      View Details
    • $26,900

      Spacious Corner Lot in Avon

      Oversized homesite in Avon Park, ready for your vision.
      2713 W Hasbrouck Road, Avon Park, FL 33825
      View Details
    • $30,999

      Residential Land in Avon Park

      Vacant residential land in Sebring, ideal for building or investment.
      2622 W DAWSON ROAD, Avon Park, FL 33825
      View Details
    • $249,900

      Lakefront Land on Lake Lotela

      Two acres of lakefront land with 420 feet frontage.
      480 E Lakeview Drive, Avon Park, FL 33825
      View Details
    • $26,000

      Buildable Lot in Avon Park

      Spacious lot in Avon Park, Florida, with no HOA or CDD.
      1873 W FOXGLOVE ROAD, AVON PARK, FL 33825
      View Details

    FAQs

    What type of property is this?
    Land - Land available for building or investment in Avon Park.
    Where is this land located?
    The property is located at 2848 W REDONDO ROAD Avon Park, 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: Owner financing available.; Lot is suitable for building.; Lot is suitable for investment.
    (352) 565-7555
    We can help!
    Listing Contact
    Frank Falbo
    Frank Falbo
    Real Estate License ID: 3078460
    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!