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    800 S Us 301 Highway Sumterville, FL 33585

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    Claim this Listing
    For Sale
    $259,900

    SINGLE_FAMILY - Sumterville, FL

    Type:Retail
    Lot size:
    0.76 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 17 at 12:06 pm

    Property Features for 800 S Us 301 Highway

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C
    Parking features
    Paved or Surfaced, Driveway
    Interior features
    HighCeilings
    Exterior features
    BlacktopDriveway, UnpavedDriveway
    Standard status
    Active
    APN
    13-20-22-J13B086
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BLK 43 SUMTERVILLE LESS R/W OF STATE OF HWY 301 OR 185 PG 64 AND THE W1/2 OF WALNUT STREET LYING E OF AND ADJ TO BLK 43PLAT BOOK 1 PAGE 20
    Tax Annual Amount
    1751

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    1927
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Mary Parsons
    Mary Parsons

    Listing agent Mary Parsons License #685021

    Listing office Sellstate Next Generation Real 119 E Dampier St, Ocala, FL

    Listing date Apr 2, 2026

    MLS# 853685

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sumterville Historic Mixed-Use Opportunity

    This property presents an opportunity to own a piece of Sumterville history. Located at 800 US 301, the mixed-use lot experiences a high volume of daily traffic. The site, occupying a whole city block, was formerly the Sumter County Courthouse in the early 1900s before the courthouse was moved to Bushnell. For the last 50 years, the concrete block building on the property has been used as a popular restaurant, and a substantial amount of restaurant equipment is included in the sale. The property is located across the street from the Sumterville Community Building and Park. Additionally, there is a small one-bedroom, one-bath building on the property that can be used during renovations. The lot size is 0.76 acres and is zoned C. This property is located in Sumterville, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Sumterville
    County
    Sumter
    State
    Florida
    Longitude
    -82.064304
    Latitude
    28.74468

    Nearby Similar for Sale

    • $259,900
      950 SF

      Historic Sumterville Restaurant Opportunity

      Restaurant space for sale in historic Sumterville location.
      800 S US 301, SUMTERVILLE, FL 33585
      View Details
    • $259,900

      Historic Sumterville Restaurant Opportunity

      Restaurant property on a large lot in a historic location.
      800 S US 301, SUMTERVILLE, FL 33585
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Mixed-use lot with restaurant and residential potential in Sumterville.
    Where is this conventional restaurant located?
    The property is located at 800 S Us 301 Highway Sumterville, FL.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: High‑traffic location on US 301; Mixed‑use lot offering business and residential potential; Restaurant equipment included
    (352) 634-1273
    We can help!
    Listing Contact
    Mary Parsons
    Mary Parsons
    Real Estate License ID: 685021
    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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