Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Middleburg Land Opportunity Title is generated by Realmo AI

    3477 OLIN BAXLEY, Middleburg, FL 32068

    View on Map
    Claim this Listing
    Pending
    $115,000

    LAND - Middleburg, FL

    Lot size:
    1.30 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    34
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 3477 OLIN BAXLEY

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    06052500907200000
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    244

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    STEVEN KOLENO
    STEVEN KOLENO

    Listing agent STEVEN KOLENO License #3469487

    Listing office BEYCOME OF FLORIDA LLC 5701 Sunset Drive Suite 224, Miami, FL

    Listing date Apr 26, 2026

    MLS# 2142039 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.3 acre parcel ideal for building a custom home or private retreat.
    • Well, septic, drainfield, and power already in place, avoiding impact fees.
    • Conveniently located only 2 miles from Walmart, shopping, dining, and the expressway.
    • Mixture of cleared area ready to build and mature trees for privacy.
    • Previously had a house on the property that was demolished.
    • Newly paved road with hard gravel.

    Overview

    Located at 3477 Olin Baxley Rd in Middleburg, FL, this property offers an expansive land opportunity. The 1.3 acre parcel is suitable for building a dream home or developing a private retreat. The site provides ample space for various outdoor activities and is surrounded by the natural beauty of Middleburg. The property is conveniently located near local amenities and schools, and is only 2 miles from Walmart, shopping, dining, and the expressway. The property previously had a house on it that has been demolished. It has well, septic, drainfield and power with no impact fees. There is plenty of cleared area ready to build but still surrounded by beautiful mature trees. The road is newly paved with hard gravel. Systems were working at time house was demoed, buyer to do their own due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Pharmacy Department Store Accounting Firm Garden Center Car Rental Facility Daycare Center Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg
    County
    Clay
    State
    Florida
    Longitude
    -81.834647
    Latitude
    30.088087

    Nearby Similar for Sale

    • $2,400,000
      25,000 SF

      Middleburg Office Investment Opportunity

      25,000 SF office space for sale in Middleburg, Florida.
      430 COLLEGE Drive, Middleburg, FL 32068
      View Details
    • $1,950,000
      3,021 SF

      Established Sports Bar and Store

      Turnkey sports bar and liquor store near Middleburg, Florida.
      5406 COUNTY ROAD 218, Middleburg, FL 32068
      View Details
    • $330,900
      1,328 SF

      Middleburg Commercial Property For Sale

      Commercial property in Middleburg, Florida, suitable for redevelopment or renovation.
      535 COLLEGE Drive, Middleburg, FL 32068
      View Details
    • $120,000

      Cleared Land Near Black Creek

      Cleared 0.97-acre land with well, creek access, near town.
      2905 CREEK STREET, MIDDLEBURG, FL 32068
      View Details
    • $1,200,000
      12,500 SF

      Middleburg Commercial Investment Opportunity

      Flexible commercial space ideal for investors or owner-users.
      430 College Drive, Middleburg, FL 32068
      View Details
    • $129,900

      Untouched Land with Creek Frontage

      5 acres with creek frontage, suitable for homes only.
      HAWK HAVEN Road, Middleburg, FL 32068
      View Details
    • $125,000

      Residential Lot in Middleburg, FL

      1.05-acre residential lot near Jacksonville South community.
      2223 COSMOS AVENUE, MIDDLEBURG, FL 32068
      View Details
    • $120,000

      Residential Land in Middleburg, FL

      Partially cleared 0.66 acre lot ready for your dream home.
      108 SLEEPY HOLLOW Road, Middleburg, FL 32068
      View Details
    • $125,000

      Residential Land in Middleburg, FL

      0.71 acre residential land near Fleming Island.
      112 SLEEPY HOLLOW Road, Middleburg, FL 32068
      View Details
    • $130,000

      Residential Land in Middleburg, FL

      0.76 acre residential land for sale in Middleburg, FL.
      116 SLEEPY HOLLOW Road, Middleburg, FL 32068
      View Details
    • $115,000

      Residential Land in Middleburg, FL

      0.61 acre lot ready for your dream home.
      104 SLEEPY HOLLOW Road, Middleburg, FL 32068
      View Details
    • $229,900

      Middleburg Buildable Homesite Opportunity

      4+ acre buildable homesite in desirable Middleburg neighborhood.
      SUNRISE FARMS Road, Middleburg, FL 32068
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.3 acre parcel ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 3477 OLIN BAXLEY Middleburg, FL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 1.3 acre parcel ideal for building a custom home or private retreat.; Well, septic, drainfield, and power already in place, avoiding impact fees.; Conveniently located only 2 miles from Walmart, shopping, dining, and the expressway.
    (804) 656-5007
    We can help!
    Listing Contact
    STEVEN KOLENO
    STEVEN KOLENO
    Real Estate License ID: 3469487
    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

    Thank You for Inquiry
    3477 OLIN BAXLEY, Middleburg, FL 32068
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!