Sign Up Successful!
You now have access to more from Realmo!
    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

    4540 Highway 318 W Citra, FL 32113

    Sponsored
    For Sale
    $1,900,000

    Ranch, Farm - CITRA, FL

    Type:Farm
    Property size:
    1,872 SF
    Lot size:
    16.08 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 22 at 7:06 am

    Property Features for 4540 Highway 318 W

    General Information

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

    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

    Dalton Wade, Inc. (727) 888-4175 [email protected]

    Listing agent Jodie Mahns (888) 668-8283 License #3504341

    Listing date Jan 13, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Equine Farm with Training Facilities

    This 16.08-acre working farm features equine facilities and two entrances: a private entrance with an iron gate and stone pillars, and a larger entrance for tractors and RVs. The main house, centrally located, is a Spanish-style 2-bedroom, 2-bathroom home with a metal roof installed in 2006. It includes a screened-in front porch, a kitchen with an in-wall grill, a commercial-grade gas stove with double ovens, a pizza oven, and a wooden fireplace in the dining area. The owner's suite has a walk-in closet and a wooden fireplace, while the bathroom features a jacuzzi tub-shower combo. The second bedroom includes a wet bar with a sink and small refrigerator. The sunken living room has a breakfast nook. The side yard is fenced, and the backyard has a large inground swimming pool with a pool heater and a locking gate. There are two additional home sites available: a 1-bedroom, 1-bathroom guest house needing rehabilitation, and a vacant site ready for a new build or mobile home. The property has two wells and six septic tanks. Three barns offer a total of 17 stalls. The main barn has 8 regular-size stalls, an oversized stall, and a large tack room/office. A wash rack with hot water and washer and dryer hook-ups are available. A smaller barn has 6 regular-size stalls, and 2 stalls are available in one paddock. There is storage for feed and a pole barn for equipment. Equine training facilities include an Olympic-size dressage arena with mirrors, a practice arena, a jumper practice area, a 60ft round pen, and 3 RV hook-ups with water, sewer, and electricity. All paddocks and arenas have water features. The farm has a double-fenced, tree-lined cool-down horse path around its perimeter. Previously used for training, dressage, clinics, and boarding, the property is located less than a mile from the competition center at Majestic Oaks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hotel & Motel Gym & Fitness 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
    -82.200888
    Latitude
    29.408561

    Nearby Similar for Sale

    • $1,300,000
      Pending

      Citra Farm with Prairie Views

      Unique rural retreat with expansive spaces and recreational amenities.
      15615 NE 21St Avenue Rd, Citra, FL 32113
      View Details
    • $6,900,000
      1,148 SF

      Citra Equestrian Estate Bundle Sale

      Premium equestrian estate in Ocala's horse country.
      1345 NE 155Th St, Citra, FL 32113
      View Details
    • $1,890,000
      2,905 SF

      Citra Farm with Equestrian Amenities

      Well-maintained farm with pool home, workshop, and new barn.
      16050 NW 10Th Cir, Citra, FL 32113
      View Details
    • $540,000
      1,900 SF

      Versatile Farm with Morton Barn

      21-acre farm featuring a versatile Morton Barn with living space.
      16876 NE 30Th Ct, Citra, FL 32113
      View Details
    • $679,000
      1,457 SF

      Charming Mini-Farm in Citra, FL

      Updated 5-acre mini-farm with modern farmhouse aesthetic, ideal for livestock.
      1631 NE 165Th St, Citra, FL 32113
      View Details
    • $425,000
      13.68 Acres

      Land in Marion County, Florida

      13.68-acre property in a desirable Marion County location.
      000 NE 8Th Ave, Citra, FL 32113
      View Details
    • $820,000

      Citra Agricultural Property For Sale

      Agricultural property in Citra, Florida, ideal for farming.
      1500 NW 155Th St, Citra, FL 32113
      View Details
    • $3,449,000

      Citra Agricultural Property For Sale

      Agricultural property located in Citra, Florida available for purchase.
      1631 Highway 329 W, Citra, FL 32113
      View Details
    • $11,074,250

      Citra Agricultural Property For Sale

      Agricultural property available in Citra, Florida.
      3682 Highway 318 W, Citra, FL 32113
      View Details
    • $1,199,900

      Citra Agricultural Property for Sale

      Agricultural property available in Citra, Florida.
      2198 Highway 329 W, Citra, FL 32113
      View Details
    • $1,999,000

      Citra Agricultural Property For Sale

      Agricultural property available in Citra, Florida.
      13855 NW 27Th Ave, Citra, FL 32113
      View Details
    • $449,000
      3,599 SF

      Prime Citra Commercial Property

      High-traffic location, large building, great potential.
      18301 Us Highway 301, Citra, FL 32113
      View Details

    FAQs

    What type of property is this?
    Farm - 16.08-acre working farm with equine facilities near Majestic Oaks.
    Where is this farm located?
    The property is located at 4540 Highway 318 W Citra, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Sprawling 16.08-acre working farm with extensive equine facilities including **3 barns with 17 stalls and an Olympic-size dressage arena with mirrors.**; - Previously a training center for the UF dressage team, ideal for dressage, clinics, and boarding, situated less than a mile from Majestic Oaks competition center.; - Benefit from two entrances: a private entrance with iron gate and stone pillars, and a larger entrance for tractors/RVs.
    (352) 208-1611
    Request Owner's contact information
    4540 Highway 318 W Citra, FL 32113
    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.
    4540 Highway 318 W
    Citra, FL 32113
    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
    4540 Highway 318 W Citra, FL 32113
    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

    We can help!
    Listing Contact
    Jodie Mahns
    Real Estate License ID: 3504341
    (352) 208-1611
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.