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    3245 NW 137Th Pl Reddick, FL 32686

    View on Map
    Sponsored
    For Sale
    $2,650,000

    Farm, Florida - REDDICK, FL

    Type:Farm
    Property size:
    4,033 SF
    Lot size:
    12.45 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 7:06 pm

    Property Features for 3245 NW 137Th Pl

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    3
    APN
    07242-001-00
    Parking features
    Garage, Garage - Attached, RV
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    Ceiling Fans(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat
    Exterior features
    Level, Fencing, Lighting, Rain Gutters, Rv Hookup, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Oven - Convection, Range, Refrigerator, Washer
    Size
    4,033 SF
    Lot size
    12.45 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Liz Gray

    Showcase Properties of Central Florida (352) 351-4718

    Listing agent Liz Gray (352) 351-4718 License #3450675

    Listing date Mar 9, 2026

    MLS# OM719511 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

    Updated Horse Farm in Reddick

    Located in Reddick, Florida, this horse farm overlooks 12.45 acres of countryside. The fenced and gated property features a tree-lined drive leading to paddocks and pastures. Designed for equestrian use, the farm includes a new center-aisle show barn with 16 custom Saratoga stalls, grooming stalls, a tack room, feed room, wash rack, fly spray system, hot water, bathroom, and hay storage. There are 12 paddocks and pastures with board fencing and mature oaks. A 125x145' ebb & flow arena is established, and additional amenities include a round pen and a large concrete pad area with RV hookups. The 4-bedroom, 3-bath home features a new roof, paver driveway and walkway, covered entry, and landscaping. The interior provides over 4,000 sqft of space with an open floor plan and high ceilings. The living area includes a wood-burning fireplace. The kitchen features solid wood cabinetry, ample counter space, tiled backsplash, stainless steel appliances, and a large pantry. There is a breakfast nook and a formal dining area. The primary suite includes a spacious layout, tray ceiling, walk-in closet, pool access, and a private en-suite bathroom with dual vanities, garden tub, and walk-in shower. Additional bedrooms and a bonus room offer flexibility. The screened-in pool area has a covered area and an in-ground pool. An additional concrete patio provides space for seating and a barbecue area. A whole-house generator is in place. The farm is a drive to show and competition venues including Majestic Oaks, Sweet Dixie South, HITS, and WEC, and Ocala and Gainesville are a commute away, opening up access to shopping, dining, entertainment, and medical options. The property is zoned A1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Hair Salon Cafe & Coffee Shop Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.179897
    Latitude
    29.350799

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    FAQs

    What type of property is this?
    Horse & equestrian property - Tastefully updated horse farm on 12.45 acres in Reddick, Florida.
    Where is this horse & equestrian property located?
    The property is located at 3245 NW 137Th Pl Reddick, FL.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: - Turnkey equestrian facility on 12.45 acres, featuring a **new 16-stall center-aisle show barn, 12 paddocks, and a 125x145' ebb & flow arena**.; - Proximity to major equestrian venues (Majestic Oaks, Sweet Dixie South, HITS, WEC) within a 30-minute drive.; - Updated **4-bedroom, 3-bath home with over 4,000 sqft**, new roof, open floor plan, and high ceilings.
    (352) 351-4718
    Request Owner's contact information
    3245 NW 137Th Pl Reddick, FL 32686
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    Reddick, FL 32686
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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
    3245 NW 137Th Pl Reddick, FL 32686
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    We can help!
    Listing Contact
    Liz Gray
    Real Estate License ID: 3450675
    (352) 351-4718 (502) 314-8055
    Learn more
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