Add Listing
    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

    7953 Highway 351 Old Town, FL 32680

    Sponsored
    For Sale
    $89,000

    Lots & Acreage - Old Town, FL

    Lot size:
    5.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 1:06 pm

    Property Features for 7953 Highway 351

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16-09-13-0000-4099-0201
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dewey Hatcher
    Dewey Hatcher

    Hatcher Realty Services, Inc. (352) 498-5151

    Listing agent Dewey Hatcher (352) 498-5151

    Listing date Feb 24, 2026

    MLS# 797675 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. 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

    Wooded 5-Acre Parcel in Florida

    This is a 5-acre wooded parcel located in Old Town, Florida, on a paved road. The property is high and dry, offering a suitable space for building a site-built home or mobile home. The tract provides privacy and natural surroundings. It is located minutes from the Suwannee River and a short drive to the Gulf, providing access to boating, fishing, and scalloping. Local shopping, restaurants, and everyday amenities are conveniently located nearby. This property offers a versatile piece of land in a North Florida location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Big Box & Wholesale Store Food Market Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -83.029785
    Latitude
    29.69692

    Nearby Similar for Sale

    • $850,000
      1,740 SF

      Prime Commercial Property on Highway 19

      Commercial property with frontage on Highway 19 in Old Town.
      25878 Highway 19, Old Town, FL 32680
      View Details
    • $89,000
      0.11 Acres

      RV Lot in Coastal Suwannee

      Own your private RV lot near Suwannee marina.
      33 217 St, Old Town, FL 32680
      View Details
    • $129,000
      0.12 Acres

      RV Ready Waterfront Lot

      Waterfront lot with RV permit, utility building, near Suwannee River.
      36 245Th St, Old Town, FL 32680
      View Details
    • $270,000
      0.13 Acres

      Waterfront Lot with Boat Facilities

      Waterfront lot with boat house, seawall, and electric lifts.
      36 893 Ave, Old Town, FL 32680
      View Details
    • $139,000

      Waterfront Parcel in Suwannee, Florida

      Cleared waterfront lot with canal access for RV or home.
      71 SE 893 Ave, Old Town, FL 32680
      View Details
    • New
      $399,000
      Pending

      Old Town Retail Opportunity

      2.74 acre commercial property with income potential in Old Town.
      25222 Highway 19, Old Town, FL 32680
      View Details
    • $450,000
      924 SF

      Old Town Mixed-Use Commercial Property

      High-Visibility Hwy 19 Location, Endless Potential
      38 300Th Ave, Old Town, FL 32680
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre wooded parcel near Suwannee River and Gulf.
    Where is this land located?
    The property is located at 7953 Highway 351 Old Town, FL.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: - 5-acre wooded parcel offering privacy and space.; - Located on a paved road in Old Town.; - Suitable for site-built or mobile homes.
    (352) 498-5151
    Request Owner's contact information
    7953 Highway 351 Old Town, FL 32680
    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.
    7953 Highway 351
    Old Town, FL 32680
    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
    7953 Highway 351 Old Town, FL 32680
    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
    Dewey Hatcher
    Dewey Hatcher
    Real Estate License ID: 3020046
    (352) 498-5151 (352) 535-5970 (352) 215-4141
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!