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

    County ROAD 401 Lake Panasoffkee, FL 33538

    View on Map
    Pending
    Contact for pricing

    LAND - Lake Panasoffkee, FL

    Lot size:
    0.25 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for County ROAD 401

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1,RUR
    Standard status
    Pending
    APN
    19-19-22-F19-008
    Lot size
    0.25 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOT 26 IDLEWILD PARK UN'REC SUB DESC AS: BEG 30 FT N & 183.21 FT E OF SW COR OF SW1/4 OF SE1/4 FOR POB RUN E 70 FT N 19 DEG 05 MIN E 127 FT W 111.69 FT S 120 FT TO POB
    TaxAnnualAmount
    88

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Carol Villani
    Carol Villani

    Listing agent Carol Villani License #3458094

    Listing office Plantation Realty, Inc. 1250 N Country Club Dr, Hernando, FL

    Listing date Oct 6, 2025

    MLS# 848838

    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

    Residential Lot Near Lake Panasoffkee

    This 0.25-acre vacant residential lot is zoned R4M, allowing one Class A or Class B mobile home. Public water is available through the Lake Panasoffkee Water Association, eliminating the need for a well. Electricity is accessible at the front of the lot, which is situated on a quiet paved road. The property is located in Flood Zone X and has no HOA. It is conveniently located minutes from Lake Panasoffkee, public boat ramps, US-301, and I-75, providing easy access to The Villages, Ocala, Orlando, and Tampa. The area is known for bass fishing, boating, and water recreation, along with nearby public parks, wildlife preserves, and scenic trails. The location offers a balance of relaxed small-town living with proximity to shopping, dining, and medical facilities. This lot is suitable for a weekend retreat, long-term investment, or full-time Florida residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Bar & Pub Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Panasoffkee
    County
    Sumter
    State
    Florida
    Longitude
    -82.142834
    Latitude
    28.813135

    Nearby Similar for Sale

    • $250,000

      Lake Panasoffkee Versatile Office Space

      1,350 sqft office on 0.43 acres with parking.
      2339 N County 470 Road, Lake Panasoffkee, FL 33538
      View Details
    • $42,500

      Lake Panasoffkee Land Opportunity

      0.71-acre parcel near Lake Panasoffkee, ideal for building.
      CR 482C, LAKE PANASOFFKEE, FL 33538
      View Details
    • $274,900

      5 Acres in Lake Panasoffkee

      High and dry 5-acre property near Lake Panasoffkee, Florida.
      191 CR-482N, LAKE PANASOFFKEE, FL 33538
      View Details
    • $299,000
      768 SF

      Warehouse and Office Space Available

      Commercial property featuring warehouse and office spaces near I-75.
      985 CR 477, LAKE PANASOFFKEE, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #4, LAKE PANASOFFKEE, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #5, LAKE PANASOFFKEE, FL 33538
      View Details
    • $14,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #3, LAKE PANASOFFKEE, FL 33538
      View Details
    • $13,500

      Land Near Lake Panasoffkee

      Land near I-75 and Florida Turnpike, great investment opportunity.
      LOT #6, LAKE PANASOFFKEE, FL 33538
      View Details
    • $45,000

      Waterfront Lot Ready for Home

      Pristine lot with canal access to Lake Panasoffkee.
      CR 448C, LAKE PANASOFFKEE, FL 33538
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.25-acre residential lot near Lake Panasoffkee, Florida, with utilities available.
    Where is this residential land & home lot located?
    The property is located at County ROAD 401 Lake Panasoffkee, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: R4M zoning allows Class A or B mobile home: affordable Florida living opportunity.; Public water available; no well needed.; Located in Flood Zone X (not in a flood zone).
    (347) 245-2245
    We can help!
    Listing Contact
    Carol Villani
    Carol Villani
    Real Estate License ID: 3458094
    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!