Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    PERU ROAD Umatilla, FL 32784

    View on Map
    Claim this Listing
    For Sale
    $449,900

    Land - UMATILLA, FL

    Lot size:
    10.10 Acres
    Added:
    Jan 16, 2024
    Days on Market:
    816
    Last Refresh:
    Apr 11 at 1:06 am

    Property Features for PERU ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Active
    APN
    11-18-26-0001-000-06600
    Lot size
    10.10 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    131.74

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laurie Marsell
    Laurie Marsell

    Listing agent Laurie Marsell License #3337013

    Listing office CREEGAN GROUP 439 Lake Howell Rd, MAITLAND, FL

    Listing date Jan 16, 2024

    MLS# O6170333 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.

    Overview

    Lakefront Lot in Lake County

    This is a 10.1 acre lakefront lot located in Lake County, specifically in Umatilla, FL. The property is zoned A. It offers the opportunity to build a dream home and enjoy the serenity of a private lake. The boundaries and acreage must be independently confirmed by the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.677272
    Latitude
    28.943773

    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 STREET, UMATILLA, FL 32784
      View Details
    • $159,900

      One-Acre Homesite in Gated Community

      One-acre homesite in gated community with lake access.
      38529 WOODED MEADOW DRIVE, UMATILLA, FL 32784
      View Details
    • $265,000

      Vacant Lot in Gated Community

      Prime vacant lot in Shoreline Ranch with lake views.
      20280 SHORELINE RANCH LANE, UMATILLA, FL 32784
      View Details
    • $265,000

      Vacant Lot in Gated Community

      Prime vacant lot in Shoreline Ranch with lake access.
      38361 LAKE MEADOW COURT, UMATILLA, FL 32784
      View Details
    • $610,000
      1,961 SF

      Lakefront Mixed-Use Property in Umatilla

      Historic lakefront property suitable for residential and professional use.
      243 S CENTRAL AVENUE, UMATILLA, FL 32784
      View Details
    • $45,000

      Residential Lot with Development Potential

      0.31-acre lot near Umatilla and Eustis with R4 zoning.
      16130 SE 252ND TERRACE, UMATILLA, FL 32784
      View Details
    • $175,000

      Vacant Lot in Gated Community

      Prime vacant lot in Shoreline Ranch, Umatilla, Florida.
      38514 WOODED MEADOW DRIVE, UMATILLA, FL 32784
      View Details
    • $400,000

      7.5 Acres with Highway Frontage

      7.5 acre parcel with A-1 zoning and highway frontage.
      28093 SE HIGHWAY 42, UMATILLA, FL 32784
      View Details
    • $120,000

      Lakefront Land in Umatilla, FL

      Lakefront land with potential for residential development near Umatilla.
      0 WILSON PARRISH ROAD, UMATILLA, FL 32784
      View Details
    • $399,998

      10 Acres of Flexible Land

      10-acre parcel with privacy, flexibility, and long-term value.
      YALE HAMMOCK ROAD, UMATILLA, FL 32784
      View Details
    • $124,900

      Waterfront Land in Umatilla, Florida

      1.33 acres of waterfront freedom zoned A1.
      Tbd SE 256TH AVENUE, UMATILLA, FL 32784
      View Details
    • $115,000

      Cleared Lot in Growing Area

      0.47-acre cleared lot ready for single-family home construction.
      E Collins Street lot: 8, Umatilla, FL 32784
      View Details

    FAQs

    What type of property is this?
    Land - Beautiful 10.1 acre lakefront lot to build your dream home.
    Where is this land located?
    The property is located at PERU ROAD Umatilla, FL.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Lakefront lot on a private lake offering an exceptional opportunity to build a custom dream home.; Enjoy a serene and private setting in beautiful Lake County.; Waterfront Features: Lake Front, Waterfront.
    (407) 620-3112
    We can help!
    Listing Contact
    Laurie Marsell
    Laurie Marsell
    Real Estate License ID: 3337013
    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!