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

    E Collins St, Unit 8 Umatilla, FL 32784

    View on Map
    Sponsored
    For Sale
    $115,000

    LAND - Umatilla, FL

    Lot size:
    0.47 Acres
    Days on Market:
    23
    Last Refresh:
    Mar 16 at 8:06 pm

    Property Features for E Collins St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    12-18-26-0004-000-02901
    Lot size
    0.47 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Jorge Lucena Perez LLC

    LPT REALTY (877) 366-2213

    Listing agent Jorge Lucena Perez LLC (386) 287-2045

    Listing date Feb 21, 2026

    MLS# 1221977 Listing URL

    Copyright © 2026 Daytona Beach Area Association of Realtors. 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

    Cleared Lot in Growing Area

    This 0.47-acre cleared lot presents a great opportunity for building in a convenient and growing area of Umatilla, Florida, without HOA restrictions. It offers an ideal setting for a single-family home. Water and electric utilities are available, and minimal site preparation is needed, making the property close to pad-ready, which helps reduce development time and upfront costs. Located along E CR 450 / E Collins Street, the lot provides easy access to major roads and public transportation while remaining close to local amenities. North Lake County Park is just minutes away, offering outdoor recreation and green space for future residents. This property combines location, flexibility, and development potential in one solid investment. The property is located in Lake County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.652719
    Latitude
    28.93459

    Nearby Similar for Sale

    • $372,500
      3,216 SF

      Versatile Mixed-Use Property in Umatilla

      Flexible commercial property with C-1 zoning and income potential.
      55 Guerrant St, Umatilla, FL 32784
      View Details
    • $625,000
      1,961 SF

      Lakefront Mixed-Use Property in Umatilla

      Historic downtown Umatilla property suitable for residential and professional use.
      243 S Central Ave, Umatilla, FL 32784
      View Details
    • $389,999

      Umatilla Office Space with Storage

      Log cabin style office building with ample storage space.
      541 Blanche Ave, Umatilla, FL 32784
      View Details
    • $899,000

      Umatilla Investment Opportunity For Sale

      Two buildings, almost fully leased, on 1.17 acres.
      37415 State Road 19, Umatilla, FL 32784
      View Details
    • $899,000
      4,721 SF

      Umatilla Investment Opportunity For Sale

      Two buildings, almost fully leased, on 1.17 acres.
      37415 State Road 19, Umatilla, FL 32784
      View Details
    • $899,000

      Umatilla Multifamily and Commercial Property

      Two buildings with income potential in Umatilla, Florida.
      37415 State Road 19, Umatilla, FL 32784
      View Details
    • $2,500,000
      1,155 SF

      Ocala Forest Adventure Ranch Club

      17.33-acre adventure retreat in the Ocala National Forest.
      14181 SE 211Th Ct, Umatilla, FL 32784
      View Details
    • $395,000
      1,938 SF

      Umatilla Office Building - Prime Location

      Spacious Office Building, Recently Remodeled
      285 Central Ave, Umatilla, FL 32784
      View Details
    • Contact for pricing
      1,886 SF

      Log Cabin Style Office

      Office space with storage in Umatilla, Florida.
      541 Blanche Ave, Umatilla, FL 32784
      View Details
    • $2,200,000
      1.54 Acres

      Umatilla Industrial Property: Prime Location

      1.54 Acres, 15,252+ sqft Buildings
      630 Goodbar Ave, Umatilla, FL 32784
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.47-acre cleared lot ready for single-family home construction.
    Where is this residential land & home lot located?
    The property is located at E Collins St, Unit 8 Umatilla, FL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Cleared 0.47-acre lot READY for building a single-family home.; - Water and electric utilities are available.; - No HOA restrictions, offering flexibility in building and design.
    (386) 287-2045
    Request Owner's contact information
    E Collins St, Unit 8 Umatilla, FL 32784
    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.
    E Collins St, Unit 8
    Umatilla, FL 32784
    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
    E Collins St, Unit 8 Umatilla, FL 32784
    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
    Jorge Lucena Perez LLC
    (386) 287-2045
    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!