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    5625 NW 193 Ln Orange Lake, FL 32681

    Sponsored
    For Lease
    $5,000 /Mo ($31 SF/Yr)

    Farm - ORANGE LAKE, FL

    Type:Farm
    Property size:
    1,884 SF
    Lot size:
    8.90 Acres
    Days on Market:
    30
    Last Refresh:
    Feb 5 at 8:06 pm

    Property Features for 5625 NW 193 Ln

    General Information

    Property type
    Residential Lease
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    02764-000-00
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen
    Exterior features
    Fencing, French Doors
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    1,884 SF
    Lot size
    8.90 Acres

    Taxes and HOA fees

    Expense value
    50
    Expense
    Application Fee
    Expense freq.
    Once

    Utilities

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

    Building Details

    Year built
    1946
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Garrett Huffman

    eXp Realty LLC (888) 883-8509

    Listing agent Garrett Huffman (888) 883-8509 License #3519497

    Listing date Jan 7, 2026

    MLS# OM716145 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

    Renovated Horse Farm on 8.93 Acres

    This renovated 1946 farm, situated on 8.93 acres, offers a blend of historic charm and modern functionality. The gated property is suited for horse enthusiasts seeking space and versatility. Located between Gainesville and Ocala, it provides access to the Orange Lake boat ramp. The farm features horse fencing, pastureland, and mature Live Oak and camphor trees. Designed to support equestrian disciplines, it is suitable for professional riders and amateurs. Eventers will appreciate the location, near Majestic Oaks, the soon-to-open Ocala Jockey Club, and under 30 minutes to both the World Equestrian Center and HITS. The residence includes two bedrooms plus a bonus room with a private entrance, which can function as a third bedroom, home office, or guest suite. The center-aisle barn includes 7 stalls with room for expansion, along with a tack/feed room, grooming area, and wash stall. The farm features three large paddocks, each with water access and a combination of 3-rail board fencing and no-climb wire. The property spans 8.93 acres across two parcels (7.73 acres + 1.20 acres). The additional 1.20-acre parcel previously hosted a mobile home and retains its own tax ID, separate access, power, well, and septic system, creating multiple future use or income possibilities. The property size is 1884 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Orange Lake
    County
    Marion
    State
    Florida
    Longitude
    -82.21818644
    Latitude
    29.43040368

    FAQs

    What type of property is this?
    Horse & equestrian property - Renovated 1946 horse farm between Ocala and Gainesville.
    Where is this horse & equestrian property located?
    The property is located at 5625 NW 193 Ln Orange Lake, FL.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: - Renovated 1946 horse farm on 8.93 acres, perfectly positioned between Gainesville and Ocala.; - Minutes from Majestic Oaks, the soon-to-open Ocala Jockey Club, and under 30 minutes to both the World Equestrian Center and HITS.; - **7-stall center-aisle barn** with tack/feed room, grooming area, and wash stall; three large paddocks with water access.
    (248) 787-9667
    Request Owner's contact information
    5625 NW 193 Ln Orange Lake, FL 32681
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    Orange Lake, FL 32681
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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
    5625 NW 193 Ln Orange Lake, FL 32681
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    We can help!
    Listing Contact
    Garrett Huffman
    Real Estate License ID: 3519497
    (248) 787-9667
    Learn more
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