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    5625 NW 193RD LANE Orange Lake, FL 32681

    View on Map
    Pending
    $499,900

    Farm - ORANGE LAKE, FL

    Type:Farm
    Property size:
    1,884 SF
    Lot size:
    8.90 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    87
    Last Refresh:
    Apr 3 at 7:06 am

    Property Features for 5625 NW 193RD LANE

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A1
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
    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
    Standard status
    Pending
    APN
    02764-000-00
    Size
    1,884 SF
    Lot size
    8.90 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2220

    Utilities

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

    Building Details

    Year built
    1946
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Garrett Huffman

    Listing agent Garrett Huffman License #3519497

    Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL

    Listing date Jan 6, 2026

    MLS# OM716148 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

    Renovated Horse Farm on 8.93 Acres

    This renovated 1946 farm is located between Ocala and Gainesville. The gated 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, and well. A new septic system is needed. The residence offers flexible living options with 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 is suited for professional riders and serious amateurs. Eventers will appreciate the location, minutes from Majestic Oaks and the soon-to-open Ocala Jockey Club, and under 30 minutes to both the World Equestrian Center and HITS. The property is positioned to provide quick access to the Orange Lake boat ramp, just minutes away. The zoning is A1. The property 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
    -82.2181747
    Latitude
    29.4304215

    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 193RD LANE Orange Lake, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Renovated 1946 Horse Farm on 8.93 Acres: Combines historic charm with modern updates and ample space.; Prime Location Between Ocala & Gainesville: Offers convenient access to both cities and equestrian venues like World Equestrian Center and HITS.; Equestrian‑Focused Infrastructure: Features a 7‑stall center‑aisle barn, 3 large paddocks with water access, and suitability for various disciplines.
    (248) 787-9667
    We can help!
    Listing Contact
    Garrett Huffman
    Real Estate License ID: 3519497
    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.

    More about this property
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