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    The Largest CRE Database in the US with Over 1 Million Listings

    4450 SE 216Th Ave Morriston, FL 32668

    Sponsored
    For Sale
    $2,950,000

    Farm - MORRISTON, FL

    Type:Farm
    Property size:
    5,472 SF
    Lot size:
    17.00 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 28 at 2:06 am

    Property Features for 4450 SE 216Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A/RR
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    5
    APN
    18018-001-00
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Primarybedroom Upstairs, Walk-in Closet(s)
    Exterior features
    Fencing, Balcony, French Doors, Pool
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    5,472 SF
    Lot size
    17.00 Acres

    Taxes and HOA fees

    Expense value
    383.32998657227
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Flooring type
    Carpet, Tile
    Building materials
    Block, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Laurie Whelpley-Baker PA

    Showcase Properties of Central Florida (352) 351-4718

    Listing agent Laurie Whelpley-Baker PA (352) 351-4718 License #3057772

    Listing date Jan 16, 2026

    MLS# OM698007 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

    Turnkey Equestrian Facility Near WEC

    This 17-acre turnkey equestrian facility, located within the elite Starting Point Training Complex, is designed for serious, day-to-day training operations. The property features exceptional flat footing and an efficient layout, built for performance and ease of movement. Equine improvements include two Eurocisers, two round pens, and 10 paddocks, all fenced and cross-fenced with waterlines to every paddock. Stabling is extensive and well-organized, featuring a 42-stall barn, a 36-stall barn, an 8-stall barn, and two additional 3-stall barns, providing flexibility for multiple training strings or disciplines. Residential accommodations include a 5-bedroom main residence with en-suite baths, a screened-in pool, and sweeping views across the farm. A recently updated 3-bedroom, 2-bath barn apartment is suitable for staff or guest housing. Located less than 15 miles from the World Equestrian Center and under six miles from HITS, the property offers convenient access to major roads and Ocala’s equine service providers and retailers. The property also includes deeded access to a 5/8-mile irrigated racetrack with starting gate, private viewing stand, and riding trails, supporting year-round conditioning. The property size is 5472 square feet. Only 17 acres of the 40 acres shown in the property appraiser convey. The property is zoned A/RR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Poultice Solutions Training Centre

    Suggested Use

    Food Market Bakery Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Morriston
    County
    Levy
    State
    Florida
    Longitude
    -82.412977
    Latitude
    29.2644

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    FAQs

    What type of property is this?
    Horse & equestrian property - 17-acre equestrian facility with extensive stabling and residential accommodations.
    Where is this horse & equestrian property located?
    The property is located at 4450 SE 216Th Ave Morriston, FL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Turnkey 17-acre equestrian facility in the Starting Point Training Complex, designed for serious training.; - Extensive stabling: 42-stall barn, 36-stall barn, 8-stall barn, and two 3-stall barns.; - Includes a 5-bedroom main residence with en-suite baths and a screened-in pool, plus a recently updated 3-bedroom barn apartment.
    (352) 351-4718
    Request Owner's contact information
    4450 SE 216Th Ave Morriston, FL 32668
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    Morriston, FL 32668
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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
    4450 SE 216Th Ave Morriston, FL 32668
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    We can help!
    Listing Contact
    Laurie Whelpley-Baker PA
    Real Estate License ID: 3057772
    (352) 351-4718
    Learn more
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