Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Acreage in Peaceful Florahome Setting Title is generated by Realmo AI

    PARCEL 3B E HILLSBOROUGH Avenue, Florahome, FL 32140

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Florahome, FL

    Lot size:
    1.05 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    229
    Last Refresh:
    May 19 at 12:06 am

    Property Features for PARCEL 3B E HILLSBOROUGH Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    180825000000100000
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    157

    We can help!

    Listing Contact
    MARC SPALDING
    MARC SPALDING

    Listing agent MARC SPALDING License #0475517

    Listing office COLDWELL BANKER BEN BATES INC 3400 CRILL AVENUE SUITE 1, Palatka, FL

    Listing date Oct 3, 2025

    MLS# 2111700 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

    • 1.05 +/- acre lot in a peaceful Florahome setting.
    • 150 +/- ft frontage on Hillsborough Ave.
    • Less than a mile from George's Lake public boat ramp (820‑acre lake suitable for fishing, skiing, & jet skis).
    • Easy commute to major cities: Gainesville, Palatka, Starke, St. Augustine & Jacksonville.
    • Proximity to the Ocala to Osceola Wildlife Corridor (O2O).
    • Ideal for building a dream home or weekend getaway.

    Overview

    This 1.05+/- acre lot is situated in the peaceful setting of Florahome, Florida, featuring approximately 150 +/- feet of frontage on Hillsborough Avenue. Florahome is known for its small-town charm. The property is suitable for building a dream home or a weekend getaway. Boating enthusiasts will appreciate the proximity to George's Lake public boat ramp, less than a mile away. George's Lake is an 820-acre lake suitable for fishing, skiing, and jet skiing. The location offers a sense of privacy while providing convenient access to major cities, with Gainesville approximately 36 miles away, Palatka 23 miles away, Starke 27 miles away, and St. Augustine and Jacksonville less than 50 miles away. The property is also near the Ocala to Osceola Wildlife Corridor (O2O), a 100-mile passageway connecting the Ocala National Forest to the Osceola National Forest. Additionally, the First Coast Expressway Toll Road, which is soon to be completed, will be 20 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Florahome
    County
    Putnam
    State
    Florida
    Longitude
    -81.8569312
    Latitude
    29.8032178

    Nearby Similar for Sale

    • $42,000

      Land Ready for Dream Home

      0.8-acre homesite with utilities in Florahome, Florida.
      707 HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $7,700

      Florahome Building Lot Near Lake

      Peaceful lot near George's Lake, ideal for outdoor living.
      131 Orange Drive, Florahome, FL 32140
      View Details
    • $7,700

      Vacant Land Near Lake

      Residential land near water, ideal for outdoor recreation.
      131 ORANGE DR, Florahome, FL 32140
      View Details
    • $15,000

      Land with Georges Lake View

      Residential land near Georges Lake in Florahome, Florida.
      302 RAINBOW Drive, Florahome, FL 32140
      View Details
    • $849,000

      Florahome Land with Lake Frontage

      55.54 acres with frontage on Georges Lake.
      (PARCEL 1) E HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $15,000

      Corner Lot in Florahome, FL

      Unimproved corner lot near George's Lake, ready for new home.
      W HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $28,000

      Buildable Lots in Florahome, FL

      1.01-acre property with four buildable lots in a scenic location.
      NETTLES Road, Florahome, FL 32140
      View Details
    • $33,900

      Florahome Land with Utilities

      Residential land with existing utilities in a country setting.
      1118 SELMA Avenue, Florahome, FL 32140
      View Details
    • $34,900

      Land in Florahome, Florida

      1.26 acres in Florahome, near George's Lake.
      215 RIFLE Road, Florahome, FL 32140
      View Details
    • $6,400

      Land Parcel in Florahome, FL

      0.32-acre homesite suitable for SFR or mobile home.
      138 CROSBY Road, Florahome, FL 32140
      View Details
    • $8,000

      Land in Florahome, Florida

      Oversized lot in Putnam County, near George's Lake.
      Biscayne Drive, Florahome, FL 32140
      View Details
    • $45,000

      Land in Peaceful Florahome Setting

      1.03-acre lot near George's Lake, ideal for building a home.
      PARCEL 6B E HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details

    FAQs

    What type of property is this?
    Land - 1.05 acre lot near George's Lake and major cities.
    Where is this land located?
    The property is located at PARCEL 3B E HILLSBOROUGH Avenue Florahome, FL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: 1.05 +/- acre lot in a peaceful Florahome setting.; **150 +/- ft frontage on Hillsborough Ave.**; Less than a mile from George's Lake public boat ramp (820‑acre lake suitable for fishing, skiing, & jet skis).
    (386) 328-6716
    We can help!
    Listing Contact
    MARC SPALDING
    MARC SPALDING
    Real Estate License ID: 0475517
    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
    PARCEL 3B E HILLSBOROUGH Avenue, Florahome, FL 32140
    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!