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    4991 SE 212TH COURT Morriston, FL 32668

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    For Sale
    $2,450,000

    Farm - MORRISTON, FL

    Type:Farm
    Property size:
    2,400 SF
    Lot size:
    24.54 Acres
    Price / SF:
    $1,020/SF
    Added:
    Nov 4, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 28 at 6:06 pm

    Property Features for 4991 SE 212TH COURT

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    N/A
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Parking features
    RV
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Stone Counters, Thermostat, Walk-in Closet(s)
    Exterior features
    Level, Fencing, Rain Gutters, Storage
    Fencing
    Fenced
    Appliances
    Dryer, Microwave, Refrigerator
    Standard status
    Active
    APN
    22240-001-00
    Size
    2,400 SF
    Lot size
    24.54 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9512.27
    Expense value
    50
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Attic Fan, Central Air

    Building Details

    Year built
    2021
    Flooring type
    Laminate
    Building materials
    Frame, Stucco
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kelly Mitchell

    Listing agent Kelly Mitchell License #3563762

    Listing office LOKATION 1500 E. Atlantic Blvd., Pompano Beach, FL

    Listing date Nov 4, 2025

    MLS# OM712908 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 Facility Near HITS, WEC

    This 24.54-acre property is positioned in a high-value equestrian complex, located 4 miles from HITS and 18 miles from WEC. The property includes an operational 11-stall barn site and an adjacent 12.14-acre lot with electric, suitable for a custom luxury estate. The facility features eight expansive paddocks, a newly permitted septic system, and a wrap-around driveway for semi-trailer access. The professional-grade barn is fully insulated and features soaring ceilings with cathedral trusses. The interior includes a wide rubber paver aisle, two large indoor grooming areas, 12x12 and 12x14 stalls, and hurricane-rated doors, all centered around an irrigated Bermuda grass arena. Outdoor amenities include three covered wash racks with hot and cold water and ample storage, including a three-bay metal shed and a large 20x45 ft equipment shed. Dedicated support rooms include an air-conditioned tack room, a half bath, and a laundry room with commercial equipment. The facility offers immediate operations with dual existing living quarters, two RV hookups, and private training track access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Morriston
    County
    Levy
    State
    Florida
    Longitude
    -82.413807
    Latitude
    29.255475

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    FAQs

    What type of property is this?
    Horse & equestrian property - 24.54-acre equestrian property with 11-stall barn.
    Where is this horse & equestrian property located?
    The property is located at 4991 SE 212TH COURT Morriston, FL.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Prime equestrian location: just 4 miles from HITS and 18 miles from WEC.; 24.54‑acre property featuring an operational 11‑stall barn site.; Additional 12.14‑acre lot with electric, perfect for building a custom estate.
    (954) 545-5583
    We can help!
    Listing Contact
    Kelly Mitchell
    Real Estate License ID: 3563762
    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.

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