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

    3820 Hanover Circle Loxahatchee, FL 33470

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $900,000

    LAND - Loxahatchee, FL

    Lot size:
    15.02 Acres
    Added:
    Jan 9, 2019
    Days on Market:
    2656
    Last Refresh:
    Apr 18 at 8:06 pm

    Property Features for 3820 Hanover Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Vegetation
    Grassed
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    00404316010000160
    Lot size
    15.02 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    WHITE FENCES EQUESTRIAN ESTATES LT 16
    Tax Annual Amount
    11128

    Utilities

    Utilities
    Phone Available
    Water front
    1

    We can help!

    Listing Contact
    Matthew R Johnson

    Listing agent Matthew R Johnson License #637253

    Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL

    Listing date Jan 9, 2019

    MLS# R10493596 Listing URL

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

    Overview

    Loxahatchee Equestrian Land For Sale

    This 15.02-acre land parcel is located in a gated equestrian subdivision in Loxahatchee, Florida. The property is zoned AR and offers the ability to build a covered arena and a custom equestrian estate. It is competitively priced and situated just minutes from Wellington's equestrian venues. This property is located in Palm Beach County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Gym & Fitness Center Garden Center Cafe & Coffee Shop Coworking & Hybrid Office Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxahatchee
    County
    State
    Florida
    Longitude
    -80.36084
    Latitude
    26.73098

    Nearby Similar for Sale

    • $515,000

      Loxahatchee Cleared Land Opportunity

      1.95 acres of cleared land in rapidly growing Loxahatchee.
      17970 50th St N, Loxahatchee, FL 33470
      View Details
    • $949,000
      1,995 SF

      Turnkey Medical Office Suite

      1,995 SF turnkey office suite on hospital campus.
      12959 Palms W Drive, Loxahatchee, FL 33470
      View Details
    • $575,000

      Loxahatchee Land Opportunity

      6.35 acres in Loxahatchee, perfect for agricultural or residential use.
      20637 Simone Drive, Loxahatchee, FL 33470
      View Details
    • $590,000

      Loxahatchee Equestrian Opportunity

      5.61 acres in Loxahatchee's equestrian area, ideal for estate or facility.
      6747 W Carol Street E, Loxahatchee, FL 33470
      View Details
    • $300,000

      Loxahatchee Vacant Corner Lot

      Sprawling corner lot in a peaceful residential pocket.
      85th Road N, Loxahatchee, FL 33412
      View Details
    • $350,000

      Residential Land in The Acreage

      1.31 acre lot, no HOA, build your dream home.
      17771 Key Lime Boulevard, The Acreage, FL 33470
      View Details
    • $315,000

      Loxahatchee Cleared Land For Sale

      Cleared 1.14 acre agricultural residential land in Loxahatchee, Florida.
      17892 75th Place N, Loxahatchee, FL 33470
      View Details
    • $399,000

      Loxahatchee Corner Lot Acreage

      2.88 acres zoned for residential, agricultural, or equestrian use.
      Seminole Pratt Whitney Rd lot: -5010, Loxahatchee, FL 33470
      View Details
    • $280,000

      Loxahatchee Residential Land for Sale

      Residential land in a rapidly growing area, ideal for building.
      17354 75th Pl N, Loxahatchee, FL 33470
      View Details
    • $399,000

      Loxahatchee Corner Lot Acreage

      2.88 acre corner lot zoned for agricultural or residential use.
      Lot-5010 Seminole Pratt Whitney Rd, Loxahatchee, FL 33470
      View Details
    • $999,000

      Loxahatchee Agricultural Land Opportunity

      8.87 acres of improved agricultural land ready for farming.
      20915 Antoinette Street, Loxahatchee, FL 33470
      View Details
    • $999,000

      Loxahatchee Agricultural Land Opportunity

      8.87 acres of improved agricultural land ready for farming.
      20915 Antoinette Street, Loxahatchee, FL 33470
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 15.02 acres in gated equestrian subdivision, near Wellington venues.
    Where is this agricultural land / farmland located?
    The property is located at 3820 Hanover Circle Loxahatchee, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime location in a gated equestrian subdivision; Minutes to Wellington's equestrian venues; Ability to build a covered arena
    (561) 313-4367
    We can help!
    Listing Contact
    Matthew R Johnson
    Real Estate License ID: 637253
    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!