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

    4540 W HIGHWAY 318 Citra, FL 32113

    View on Map
    For Sale
    $1,395,000

    Ranch, Farm - CITRA, FL

    Type:Farm
    Property size:
    1,872 SF
    Lot size:
    16.08 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    143
    Last Refresh:
    Apr 2 at 1:06 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

    TaxYear
    2024
    TaxAnnualAmount
    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 16.08-acre equestrian property is designed for serious 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 accommodating multiple horses. The centerpiece is an Olympic-size dressage arena, complemented by extensive groomed trails and cross-country schooling terrain, ideal for dressage or eventing programs. Set up as a full training facility, the property has two separate entrances for easy access and excellent circulation for trailers and deliveries. Its proximity to the interstate facilitates regional travel and competitions. The property offers turnkey 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 zoned B2 and located in CITRA, FL.
    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

    Nearby Similar for Sale

    • $460,000

      Equestrian Land in Bellemont Farms

      10-acre vacant lot in premier equestrian community.
      000 NE 15TH COURT, CITRA, FL 32113
      View Details
    • $899,900
      2,200 SF

      20-Acre Farm with Barn-dominium Potential

      20-acre farm with barn, arena, and barn-dominium in Citra, FL.
      2580 NE 140TH STREET, CITRA, FL 32113
      View Details
    • $2,700,000
      1,148 SF

      Equestrian Training Facility in Citra

      Turnkey equestrian training facility with living accommodations in gated community.
      1345-1 NE 155 PLACE, CITRA, FL 32113
      View Details
    • $3,600,000

      Equestrian Training Facility in Citra

      Top-tier equestrian training facility in gated Bellemont Farms.
      1345-2 NE 155 PLACE, CITRA, FL 32113
      View Details
    • $6,900,000
      1,148 SF

      Premium Equestrian Estate in Citra

      Turnkey equestrian estate with training tracks in Ocala's horse country.
      1345 NE 155 PLACE, CITRA, FL 32113
      View Details
    • $1,725,000
      2,905 SF

      Citra Farm with New Barn

      Updated farm with pool, workshop, and new five-stall barn.
      16050 NW 10TH CIRCLE, CITRA, FL 32113
      View Details
    • $385,000

      Equestrian Land Near World Center

      13.68 acres in Marion County's premier equestrian corridor.
      000 NE 8TH, CITRA, FL 32113
      View Details
    • $325,000

      Equestrian-Ready Home on Three Acres

      Updated 3-bedroom home with equestrian facilities on 3 acres.
      18558 NE 12TH Ct, CITRA, FL 32113
      View Details
    • $399,000
      1,600 SF

      Citra Mini Farm with Barn

      3-bedroom home on 3.21 acres with two-stall barn.
      825 NE 165th Street, Citra, FL 32113
      View Details
    • $6,750,000
      4,400 SF

      Antebellum-Style Estate on 232 Acres

      Elegant Southern estate with spacious residence and equestrian potential.
      3682 W Highway 318, Citra, FL 32113
      View Details
    • $6,900,000
      1,148 SF

      Ocala Equestrian Estate with Training Tracks

      Premium equestrian estate with training tracks in Ocala's horse country.
      1345 NE 155 Place, Citra, FL 32113
      View Details
    • $895,000
      1,620 SF

      Citra Horse Farm with Barn

      21+ acre horse farm with 16-stall concrete barn.
      15178 NE 47th Avenue, Citra, FL 32113
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Turnkey equestrian facility with training infrastructure and expansion potential.
    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 $1,395,000.
    What are key features of this property?
    This property features: 16‑acre equestrian property featuring an Olympic‑size dressage arena and extensive trails.; Turnkey training facility with 17 stalls and 11 paddocks.; Three home sites; one includes an existing 2 bedroom, 2 bath home.
    (352) 208-1611
    We can help!
    Listing Contact
    Jodie Mahns
    Real Estate License ID: 3504341
    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!