Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Callahan, FL Land Opportunity Title is generated by Realmo AI

    KOREYS Lane, Callahan, FL 32011

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $110,000

    LAND - Callahan, FL

    Lot size:
    2.16 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    185
    Last Refresh:
    May 9 at 8:06 am

    Property Features for KOREYS Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    161N25000000110070
    Lot size
    2.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    935

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    BOB LINNE

    Listing agent BOB LINNE License #0667626

    Listing office JPAR CITY AND BEACH 9700 PHILIPS HWY STE106, Jacksonville, FL

    Listing date Nov 5, 2025

    MLS# 2116557 Listing URL

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

    HighLights

    • Over 2 acres of land offers ample space and privacy.
    • Conveniently located approximately 7 miles from Interstate 295 for easy commuting.
    • Zoned for residential use, allowing for site‑built, manufactured, and mobile homes.
    • Partially cleared land reduces initial development costs and effort.
    • Close proximity to the city of Callahan, providing access to local stores and eateries.
    • Electricity is available on the property.

    Overview

    This parcel of land, slightly over 2 acres, is partially cleared and zoned for residential use, allowing for the construction of site-built homes, manufactured homes, and mobile homes. The property is located near the city of Callahan, providing access to local stores and eateries. Situated approximately 7 miles from Interstate 295, the location facilitates commuting. This land offers the opportunity to create a personalized living space while remaining close to amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Callahan
    County
    Nassau
    State
    Florida
    Longitude
    -81.8045577
    Latitude
    30.4957856

    Nearby Similar for Sale

    • $3,300,000
      2,750 SF

      Established Sandwich Shop with Drive-Thru

      High-volume sandwich shop with drive-thru on 1.48 acres.
      542104 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $180,000

      Callahan Commercial Land For Sale

      3.79-acre commercial property with existing infrastructure in Callahan, Florida.
      45059 TAYLOR Road, Callahan, FL 32011
      View Details
    • $295,000
      2,568 SF

      Callahan Commercial Property For Sale

      Commercial property in Callahan, Florida, with versatile zoning.
      617341 BRANDIES Avenue, Callahan, FL 32011
      View Details
    • $375,000

      Commercial Land in Callahan, FL

      Commercial property on SR 200 with high visibility.
      450129 STATE ROAD 200, Callahan, FL 32011
      View Details
    • $2,200,000

      Callahan, FL Commercial Land For Sale

      3.7 acres of commercial land in Callahan, Florida.
      542088 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $159,900

      Callahan Acreage with Existing Residence

      2.79 acres in Callahan with renovation/replacement opportunity.
      54089 HUCKLEBERRY Lane, Callahan, FL 32011
      View Details
    • $499,000
      1,512 SF

      3.32 Acres on US Highway 1

      3.32-acre commercial land with highway frontage near Callahan, Florida.
      541641 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $267,900

      Callahan, Florida Land For Sale

      5 acres of land in Callahan, Florida, for sale.
      STATE ROAD 200, Callahan, FL 32011
      View Details
    • $1,650,000
      10,200 SF

      Mixed-Use Property in Callahan, Florida

      Two-building mixed-use property offering versatile business opportunities.
      43694 RATLIFF Road, Callahan, FL 32011
      View Details
    • $500,000
      3,306 SF

      Callahan Commercial Property For Sale

      Commercial property with great potential in Callahan city limits.
      542464 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $775,000
      3,500 SF

      Callahan Commercial Property on US-1

      35,092 SF property with office and garage buildings for sale.
      542089 Us Highway 1, Callahan, FL
      View Details
    • $3,500,000
      2,750 SF

      Callahan Land on US Highway

      Commercial land available on US Highway 1 in Callahan, Florida.
      542104 US HIGHWAY 1, Callahan, FL 32011
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2+ acre residential land near Callahan, build your dream home.
    Where is this residential land & home lot located?
    The property is located at KOREYS Lane Callahan, FL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Over 2 acres of land offers ample space and privacy.; Conveniently located approximately 7 miles from Interstate 295 for easy commuting.; Zoned for residential use, allowing for site‑built, manufactured, and mobile homes.
    (904) 422-0342
    We can help!
    Listing Contact
    BOB LINNE
    Real Estate License ID: 0667626
    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

    Thank You for Inquiry
    KOREYS Lane, Callahan, FL 32011
    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!