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    The Largest CRE Database in the US with Over 1 Million Listings

    5130 SE 137Th Ave Morriston, FL 32668

    View on Map
    Sponsored
    For Sale
    $479,000

    Farm - MORRISTON, FL

    Type:Farm
    Property size:
    1,590 SF
    Lot size:
    5.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 10 at 2:06 am

    Property Features for 5130 SE 137Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    AG
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    20314-000-00
    Parking features
    Carport
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Walk-in Closet(s), Window Treatments
    Exterior features
    Fencing, Private Entrance, Private Yard, Rain Gutters, Sprinkler Metered, Storage, Pool
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Size
    1,590 SF
    Lot size
    5.00 Acres

    Utilities

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

    Building Details

    Year built
    2017
    Flooring type
    Carpet, Tile
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Taimi Guillot
    Taimi Guillot

    Guillot Realty LLC (352) 217-7107

    Listing agent Taimi Guillot (352) 217-7107 License #3301708

    Listing date Mar 9, 2026

    MLS# OM717876 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

    Morriston Farm with Modern Home

    This 5-acre property, located in a horse-friendly community, features a 2017 Palm Harbor double wide home with 3 bedrooms and 2 bathrooms. The property includes a new swimming pool and various upgrades. There is no HOA and no flood zone. The location is central to Dunnellon and Ocala, with proximity to Goethe State Forest, Black Prong, and the World Equestrian Center. An electric gate leads to the property, which is adorned with pine trees and a screened-in front porch. The open-concept layout features crown molding and natural light. The living room connects to a kitchen with a custom walk-in pantry, cabinetry, and a center island with a raised bar. The master suite includes a walk-in closet and a remodeled en-suite bathroom with a glass-enclosed tile shower. A laundry/utility room is accessible from the kitchen and a rear exit door. The poolside area offers views suitable for relaxation or entertaining. A metal carport-shed combo provides storage space, featuring a central, enclosed storage area with electrical hookup and a 12’ bay roll-up door, flanked by two open-sided covered parking spaces. The home has a newly added whole-house water filtration system. The central HVAC heat pump package unit is six months old and includes a 10-year all-parts warranty with first-year labor coverage. The grounds feature automated irrigation. The property is located at 5130 SE 137TH AVENUE, MORRISTON, FL 32668 and has a size of 1590 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morriston
    County
    Levy
    State
    Florida
    Longitude
    -82.546232
    Latitude
    29.258288

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    FAQs

    What type of property is this?
    Farm - Five-acre countryside retreat with a 2017 double wide home.
    Where is this farm located?
    The property is located at 5130 SE 137Th Ave Morriston, FL.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - 5-Acre Countryside Retreat: Offers space, privacy, and potential for various uses.; - Enjoy outdoor living with the new swimming pool.; - No HOA, No Flood Zone: Provides freedom and cost savings.
    (352) 217-7107
    Request Owner's contact information
    5130 SE 137Th Ave Morriston, FL 32668
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    Morriston, FL 32668
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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
    5130 SE 137Th Ave Morriston, FL 32668
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    We can help!
    Listing Contact
    Taimi Guillot
    Taimi Guillot
    Real Estate License ID: 3301708
    (352) 217-7107
    Learn more
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