Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot in Ridge Manor Title is generated by Realmo AI

    GRINDSTONE DRIVE, Webster, FL 33597

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at GRINDSTONE DRIVE, Webster, FL
    For Sale
    Contact for pricing

    Land - WEBSTER, FL

    Lot size:
    0.88 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    125
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for GRINDSTONE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    R23 122 21 0890 0310 0130
    Lot size
    0.88 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    360

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Louis Garofalo

    Listing agent Louis Garofalo License #3047571

    Listing office CHARLES RUTENBERG REALTY INC 1545 S Belcher Rd, Clearwater, FL

    Listing date Jan 30, 2026

    MLS# TB8470975 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large wooded lot: .88 acres provides ample space and privacy.
    • Affordable price: Under $30,000 represents a significant value.
    • Ridge Manor Estates location: Situated in an up‑and‑coming area.
    • Wooded environment: Offers a natural setting.
    • Sizeable acreage: Provides flexibility for various uses.
    • Investment potential: Up‑and‑coming area suggests future appreciation.

    Overview

    This is a wooded lot located in Ridge Manor Estates. The lot size is approximately 0.88 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Webster
    County
    Sumter
    State
    Florida
    Longitude
    -82.17162
    Latitude
    28.55782

    Nearby Similar for Sale

    • $156,900
      384 SF

      Resort Property with Suite Shell

      Motor coach resort property with unfinished suite ready for customization.
      4885 SE 92ND BOULEVARD, WEBSTER, FL 33597
      View Details
    • $155,900
      6,129 SF

      Florida Grande Motor Coach Resort

      East-facing property with unfinished suite in resort community.
      9381 SE 47TH WAY, WEBSTER, FL 33597
      View Details
    • $184,900
      384 SF

      Florida Grande Motor Coach Resort

      5076 sq ft lot with suite in motor coach resort.
      4805 SE 94TH AVENUE, WEBSTER, FL 33597
      View Details
    • $199,900
      384 SF

      Luxury Motorcoach Resort Living

      Beautifully maintained property in Florida Grande Motor Coach Resort.
      4817 SE 94TH AVENUE, WEBSTER, FL 33597
      View Details
    • $209,900
      384 SF

      Oversized Lot in Motorcoach Resort

      6,408 sq ft lot with suite in Florida Grande Resort.
      9404 SE 49TH TERRACE, WEBSTER, FL 33597
      View Details
    • $209,900
      384 SF

      Luxury RV Lot with Suite

      Upscale RV lot with custom suite in resort community.
      9465 SE 47TH WAY, WEBSTER, FL 33597
      View Details
    • $209,900
      384 SF

      Spacious Motorcoach Resort Corner Lot

      Large corner lot in Florida Grande Motor Coach Resort.
      9501 SE 47TH WAY, WEBSTER, FL 33597
      View Details
    • $209,900
      384 SF

      Improved Motorcoach Resort Property

      Luxury motorcoach property with modern suite in Florida Grande.
      9469 SE 49TH TERRACE, WEBSTER, FL 33597
      View Details
    • $209,900
      384 SF

      Florida Grande Motorcoach Resort Lot

      Move-in ready motorcoach resort lot with suite in Central Florida.
      9564 SE 47TH WAY, WEBSTER, FL 33597
      View Details
    • $194,900
      384 SF

      Move-In Ready Motor Coach Lot

      Pull-in lot with suite and tropical outdoor living space.
      9486 SE 47TH WAY, WEBSTER, FL 33597
      View Details
    • $214,900
      384 SF

      Florida Grande Motorcoach Resort Lot

      Well-maintained lot with suite in Florida Grande Motorcoach Resort.
      4721 SE 94TH AVENUE, WEBSTER, FL 33597
      View Details
    • $104,900

      Oversized RV Property in Resort

      Spacious RV property in Florida Grande Motor Coach Resort.
      4933 SE 92ND BOULEVARD, WEBSTER, FL 33597
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Almost one acre wooded lot in Ridge Manor Estates.
    Where is this residential land & home lot located?
    The property is located at GRINDSTONE DRIVE Webster, 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: Large wooded lot: .88 acres provides ample space and privacy.; Affordable price: Under $30,000 represents a significant value.; Ridge Manor Estates location: Situated in an up‑and‑coming area.
    (813) 312-8145
    We can help!
    Listing Contact
    Louis Garofalo
    Real Estate License ID: 3047571
    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

    Thank You for Inquiry
    GRINDSTONE DRIVE, WEBSTER, FL 33597
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!