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

    5545 NE 35Th St Silver Springs, FL 34488

    Sponsored
    Picture of Land at NE 35Th St 5545, Silver Springs, FL
    For Sale
    $85,000

    Land - SILVER SPRINGS, FL

    Lot size:
    0.48 Acres
    Days on Market:
    16
    Last Refresh:
    Feb 4 at 8:06 am

    Property Features for 5545 NE 35Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    APN
    15895-000-00
    Lot size
    0.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William Blankenship
    William Blankenship

    Compass (305) 851-2820

    Listing agent William Blankenship (407) 203-9441 License #3280399

    Listing date Jan 20, 2026

    MLS# OM709404 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

    Corner Lot in Silver Springs

    This property features a lot of approximately 0.48 acres, situated on the corner of NE 35th St and NE 55 Ave Rd in Silver Springs, Florida. The land is conveniently located near schools and shopping. It includes existing well and septic systems. The current zoning is R-1, with the possibility of rezoning for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Silver Springs
    County
    Marion
    State
    Florida
    Longitude
    -82.057543
    Latitude
    29.223294

    Nearby Similar for Sale

    • $62,500
      Pending

      SILVER SPRINGS Land For Sale

      Land with gazebo and shed in 55+ river front community.
      2915 NE 102Nd Avenue Rd, Silver Springs, FL 34488
      View Details
    • $60,000
      0.06 Acres

      Improved RV Lot in Wilderness Resort

      RV lot with shed and gazebo in waterfront resort.
      2845 NE 104Th Ave, Silver Springs, FL 34488
      View Details
    • $75,000
      0.08 Acres

      Land in 55+ Community

      Land suitable for short or long-term rental in Silver Springs.
      2888 NE 102Nd Ter, Silver Springs, FL 34488
      View Details
    • $45,000
      Pending

      Shaded Lot in Wilderness RV Resort

      Deeded lot in 55+ river front community near Ocala.
      2852 NE 103Rd Ct, Silver Springs, FL 34488
      View Details
    • $52,900
      0.07 Acres

      SILVER SPRINGS RV Resort Land

      Corner lot in Wilderness RV Resort with full hook-ups.
      2953 NE 104Th Ave, Silver Springs, FL 34488
      View Details
    • $75,000
      Pending

      Silver Springs Land in Gated Community

      Paved lot in 55+ community with amenities near Ocklawaha River.
      3021 NE 104Th Ter, Silver Springs, FL 34488
      View Details
    • New
      $899,000
      Pending

      Historic Restaurant on State Road

      Renovated restaurant near Silver Springs State Park.
      5545 E Silver Springs Blvd, Silver Springs, FL 34488
      View Details
    • $60,000
      0.07 Acres

      SILVER SPRINGS Land in RV Resort

      Pull-through lot in 55+ waterfront RV resort community.
      2870 NE 103Rd Ave, Silver Springs, FL 34488
      View Details
    • $42,500
      Pending

      RV Lot in Silver Springs

      Shaded RV lot in amenity-rich Silver Springs waterfront resort.
      2848 NE 104Th Ter, Silver Springs, FL 34488
      View Details
    • $114,900
      0.13 Acres

      RV Lot in Resort Community

      Resort-style RV lot with amenities near dining and parks.
      3054 NE 101St Ter, Silver Springs, FL 34488
      View Details
    • $79,900
      0.08 Acres

      RV Lot in 55+ Community

      Deeded RV lot with amenities in a 55+ community.
      3175 NE 102Nd Avenue Rd, Silver Springs, FL 34488
      View Details
    • $399,950
      1,872 SF

      Horse Ranch with Two Homes

      Horse ranch featuring two homes on 3 acres.
      1838 NE 145Th Avenue Rd, Silver Springs, FL 34488
      View Details

    FAQs

    What type of property is this?
    Land - Almost half-acre lot with well and septic, zoned R-1.
    Where is this land located?
    The property is located at 5545 NE 35Th St Silver Springs, FL.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Almost 1/2 acre lot size; - Corner lot location; - Well and septic on property
    (904) 610-1229
    Request Owner's contact information
    5545 NE 35Th St Silver Springs, FL 34488
    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.
    5545 NE 35Th St
    Silver Springs, FL 34488
    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
    5545 NE 35Th St Silver Springs, FL 34488
    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
    William Blankenship
    William Blankenship
    Real Estate License ID: 3280399
    (904) 610-1229
    Learn more
    Google sign-in failed. Please try again or use another login method.