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    4540 W HIGHWAY 318 Citra, FL 32113

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    For Sale
    $900,000

    Ranch, Farm - CITRA, FL

    Type:Farm
    Property size:
    1,872 SF
    Lot size:
    16.08 Acres
    Price / SF:
    $480/SF
    Added:
    Nov 10, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 29 at 12:06 am

    Property Features for 4540 W HIGHWAY 318

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    B2
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Living Room
    Pool private
    1
    Interior features
    Wet Bar
    Exterior features
    Level, Fencing, Dog Run, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Barbeque or Grill, Range, Refrigerator
    Standard status
    Active
    APN
    03294-000-00
    Size
    1,872 SF
    Lot size
    16.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3546

    Utilities

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

    Building Details

    Year built
    1984
    Flooring type
    Carpet, Tile
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Jodie Mahns

    Listing agent Jodie Mahns License #3504341

    Listing office DALTON WADE INC 260 1st Ave S. Suite 200, St. Petersburg, FL

    Listing date Nov 10, 2025

    MLS# OM713261 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

    Equestrian Property with Olympic Arena

    This 16-acre equestrian property is designed for riders and trainers. It features three home sites, including an existing 2-bedroom, 2-bath residence. Three large barns provide flexible living-and-working arrangements, with a total of 17 stalls and 11 paddocks. The centerpiece is an Olympic-size dressage arena, complemented by groomed trails and cross-country schooling terrain suitable for dressage or eventing programs. The property is set up as a full training facility with two separate entrances for easy access and excellent circulation for trailers and deliveries. Its proximity to the interstate facilitates regional travel and competitions. This property offers infrastructure and expansion potential for launching a commercial training operation, running a multi-family equestrian compound, or creating a private competition yard. The property is located in Citra, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Citra
    County
    Marion
    State
    Florida
    Longitude
    -82.20092
    Latitude
    29.40859

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    FAQs

    What type of property is this?
    Horse & equestrian property - 16-acre equestrian property with barns, stalls, and dressage arena.
    Where is this horse & equestrian property located?
    The property is located at 4540 W HIGHWAY 318 Citra, 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: 16‑acre equestrian property featuring an Olympic‑size dressage arena, groomed trails, and cross‑country schooling terrain.; Three home sites, including an existing 2‑bedroom, 2‑bath residence.; 17 stalls and 11 paddocks within three large barns, suitable for multiple horses.
    (352) 208-1611
    We can help!
    Listing Contact
    Jodie Mahns
    Real Estate License ID: 3504341
    Learn More
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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
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