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    5245 Island View Cir N Polk City, FL 33868

    View on Map
    Sponsored
    For Sale
    $125,000

    Land - POLK CITY, FL

    Lot size:
    0.13 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 27 at 8:06 pm

    Property Features for 5245 Island View Cir N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Security features
    Gated Community
    APN
    25-27-06-298366-000900
    Pets allowed
    Yes
    Exterior features
    Paved
    Fencing
    Gate
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Expense value
    100.41999816895
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ed Fahner

    Coldwell Banker Real Estate Winter Haven

    Listing agent Ed Fahner License #3346018

    Listing date Mar 20, 2026

    MLS# P4936717 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

    Resort-Style Lot in Mount Olive

    Located in Phase 5 of Mount Olive Shores, this resort-style lot is designed for Class A motorhome enthusiasts. The property features a concrete slab suitable for any size Class A motorhome and includes full public utility hookups with 200 AMP service. A spacious, air-conditioned casita is equipped with a full bathroom, washer and dryer, and a living area. An extra-large attached screened porch extends the living space. There is potential to add a manufactured home and RV port. The Homeowners Association (HOA) covers trash service, basic lawn care, maintenance of common areas, and upkeep of the community’s gated entrances and fencing. Residents have access to a 5,000-square-foot heated and cooled Community Center with a full kitchen, regulation-size pool and shuffleboard tables, dart board, arcade games, a card room, library, vending area, and a covered BBQ lanai. The community hosts seasonal events such as Bingo, karaoke nights, potluck dinners, and holiday celebrations. Situated minutes from I-4, Mount Olive Shores offers access to shopping, major medical facilities, and both Tampa and Orlando International Airports. Central Florida attractions are less than an hour away. The community is a secure, gated, deed-restricted area exclusively for Class A motorhomes, requiring ownership or lease of a Class A motorhome the first year of residency. The lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fallon Communication and design Advertising Agency

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Department Store Grocery & Convenience Store Auto Parts Store Food Market HVAC Service Cafe & Coffee Shop Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Polk City
    County
    Polk
    State
    Florida
    Longitude
    -81.851403
    Latitude
    28.16451

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    FAQs

    What type of property is this?
    Residential land & home lot - Landscaped lot with casita in a Class A motorcoach community.
    Where is this residential land & home lot located?
    The property is located at 5245 Island View Cir N Polk City, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Resort-style lot in Mount Olive Shores, a premier Class A motorcoach community, with a generous concrete slab.; - Enjoy the air-conditioned casita featuring a full bathroom, washer/dryer, living area, and attached screened porch.; - Full public utility hookups with 200 AMP service are available.
    (863) 294-7541
    Request Owner's contact information
    5245 Island View Cir N Polk City, FL 33868
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    Polk City, FL 33868
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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
    5245 Island View Cir N Polk City, FL 33868
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    Listing Contact
    Ed Fahner
    Real Estate License ID: 3346018
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