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

    44641 STATE ROAD 19 Altoona, FL 32702

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Land - ALTOONA, FL

    Lot size:
    2.66 Acres
    Added:
    Dec 7, 2025
    Days on Market:
    145
    Last Refresh:
    May 1 at 11:06 am

    Property Features for 44641 STATE ROAD 19

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Active
    APN
    19-17-27-0100-00A-02604
    Lot size
    2.66 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    606

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Garrett Huffman

    Listing agent Garrett Huffman License #3519497

    Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL

    Listing date Dec 7, 2025

    MLS# OM714704 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

    Expansive Residential Parcel in Altoona

    This 2.66-acre residential parcel in Altoona is located along FL-19. The property offers privacy, mature trees, and ample space, suitable for a custom home, mini-farm, or country retreat. The surrounding area is equestrian-friendly, with neighboring properties suited for horses and small-scale farming. Situated near the Ocala National Forest, it provides opportunities for outdoor recreation, including hiking, boating, fishing, and camping. The property is located near Umatilla, Eustis, and Mount Dora, which offer shopping, dining, and year-round local events. The St. Johns River, Alexander Springs, and nearby lakes enhance the outdoor lifestyle. With no HOA and easy access to Orlando and Daytona Beach via major roadways, this property combines rural serenity and convenience in Lake County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Department Store HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Lake
    State
    Florida
    Longitude
    -81.642897
    Latitude
    28.998806

    Nearby Similar for Sale

    • $410,000

      Ready-to-Use Land with Barn

      5.89 acre property with barn, utilities, and fencing.
      42415 BIG OAK ROAD, ALTOONA, FL 32702
      View Details
    • $240,000
      57,588 SF

      Commercial Lot on US Highway

      Prime commercial lot in growing Altoona area, great investment.
      00 LAKE DAISY DRIVE, ALTOONA, FL 32702
      View Details
    • $349,000

      Altoona Land Near Ocala Forest

      5-acre land parcel near Ocala National Forest.
      18250 RAVENSWOOD ROAD, ALTOONA, FL 32702
      View Details
    • $279,900

      Commercial Corner Lot on Highway

      Commercial corner lot with high visibility and development potential.
      42012 STATE ROAD 19, ALTOONA, FL 32702
      View Details
    • $1,299,000
      4,242 SF

      Lakefront RV Park & Equestrian

      13+ acre RV park with equestrian facilities in Altoona, FL.
      42645 W ALTOONA ROAD, ALTOONA, FL 32702
      View Details
    • $410,000

      Ready-to-Use Land with Barn

      Land with barn, utilities, fencing, and RV parking.
      42415 BIG OAK Rd, Altoona, FL 32702
      View Details
    • $15,000

      Vacant Land Near Ocala Forest

      0.17-acre vacant parcel near Ocala National Forest campsites.
      SE 309TH COURT, ALTOONA, FL 32702
      View Details
    • $240,000

      Commercial Lot on US Highway

      Prime commercial lot with high visibility and accessibility.
      00 LAKE DAISY Dr, Altoona, FL 32702
      View Details
    • $240,000

      Commercial Land on US Highway

      Prime commercial lot with high visibility and accessibility.
      00 LAKE DAISY DRIVE, ALTOONA, FL 32702
      View Details
    • $18,000

      Vacant Lot in Altoona, FL

      Residential lot in a growing community, perfect for building.
      DEER CROSSING ROAD, ALTOONA, FL 32702
      View Details
    • $19,900

      Buildable Lot in Ocala Forest

      0.17-acre buildable lot in Ocala Forest Campsites Pinetree.
      00 SE 97TH STREET, ALTOONA, FL 32702
      View Details
    • $225,000

      Altoona Land Near Ocala Forest

      11.5 acre property near Ocala National Forest and Alexander Springs.
      0 5TH STREET, ALTOONA, FL 32702
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.66-acre residential parcel near Ocala National Forest.
    Where is this residential land & home lot located?
    The property is located at 44641 STATE ROAD 19 Altoona, FL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large 2.66‑acre residential parcel offering ample space and privacy.; Ideal location near Ocala National Forest for outdoor recreation.; Equestrian‑friendly area suitable for horses and small‑scale farming.
    (248) 787-9667
    We can help!
    Listing Contact
    Garrett Huffman
    Real Estate License ID: 3519497
    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

    Thank You for Inquiry

    44641 STATE ROAD 19, ALTOONA, FL 32702

    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!