Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    88 255th St Old Town, FL 32680

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Lots & Acreage - Old Town, FL

    Lot size:
    0.27 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 13 at 11:06 am

    Property Features for 88 255th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    None
    Standard status
    Active
    APN
    19-13-12-2942-0000-0380
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    641

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Norman

    Listing agent Joel Norman

    Listing office Hatcher Realty Services, Inc. Cross City 738 NE Hwy 351, Cross City, FL

    Listing date Mar 17, 2026

    MLS# 798831 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.

    Overview

    Waterfront Land Near Suwannee, FL

    This 0.267-acre lot is located in Suwannee, Florida. The lot currently has water and sewer connections. It is situated not far from boat ramps, marinas, and restaurants. The property is intended for waterfront land use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Grocery & Convenience Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -83.135746
    Latitude
    29.341162

    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 Hwy 19, Old Town, FL 32680
      View Details
    • $399,000
      3,438 SF

      Old Town Retail Opportunity

      2.74 acre commercial property with income potential in Old Town.
      25222 Hwy 19, Old Town, FL 32680
      View Details
    • $700,000

      Prime Commercial Land on Highway

      Cleared 5.83-acre commercial property on Highway 19 in Old Town, FL.
      Hwy 19, Old Town, FL 32680
      View Details
    • $119,900

      Highway Frontage Commercial Land Opportunity

      Cleared 2.71-acre commercial land with well in Old Town, FL.
      Hwy 19, Old Town, FL 32680
      View Details
    • $142,900

      Old Town Acreage with Utilities

      4.48 acres with utilities ready for RV or home.
      115 694th St, Old Town, FL 32680
      View Details
    • $50,000

      Two Acres Ready For Homesite

      High and dry land near Old Town, Florida.
      746th St, Old Town, FL 32680
      View Details
    • $70,000

      Old Town Acreage with Potential

      1.82 acres in Old Town with commercial potential.
      12681 Hwy 351, Old Town, FL 32680
      View Details
    • $33,500

      Residential Land in Old Town

      1.24-acre homesite ready for building in Old Town, Florida.
      682nd Ave, Old Town, FL 32680
      View Details
    • $55,000

      Residential Land in Dixie County

      5.6 acres in Old Town, Florida, perfect for building.
      lot 75 497th St, Old Town, FL 32680
      View Details
    • $117,000

      Unique Acreage in Old Town

      2.5-acre parcel with well, septic, and multiple structures.
      240 316th Ave, Old Town, FL 32680
      View Details
    • $78,500

      Old Town Land Opportunity

      2.5 acre corner lot in Old Town, Florida.
      548 543rd St, Old Town, FL 32680
      View Details
    • $36,900

      Old Town Acreage with Utilities

      0.85-acre property in Old Town, Florida, ready for development.
      200 197th Ave, Old Town, FL 32680
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Oversized lot with water and sewer near boat ramps.
    Where is this waterfront land located?
    The property is located at 88 255th St Old Town, FL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Oversized lot offers ample space.; Water and sewer hookups are already in place.; Proximity to boat ramps provides easy access to the water.
    (352) 498-5151
    We can help!
    Listing Contact
    Joel Norman
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!