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    Belleview Land Near Lake Weir Title is generated by Realmo AI

    0 SE 126TH PLACE, Belleview, FL 34420

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    Land - BELLEVIEW, FL

    Lot size:
    0.18 Acres
    Added:
    May 23, 2026
    Days on Market:
    7
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 0 SE 126TH PLACE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    24-2S-24-0000-0094-0000
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    674

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    Listing agent Steven Koleno License #3469487

    Listing office BEYCOME OF FLORIDA LLC 400 NW 26th Street, Miami, FL

    Listing date May 23, 2026

    MLS# O6410394 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

    • Buildable .18‑acre lot near Lake Weir with no HOA.
    • Zoned R‑1 for single‑family dwelling in a no‑flood‑zone area.
    • Easy access to Lake Weir for boating, fishing, kayaking, and beaches.
    • Conveniently located near US‑301 and US‑441 for easy commuting.
    • Close to state parks, conservation land, and outdoor recreation.
    • Short drive to Ocala (10 miles) and other major cities.

    Overview

    This 0.18-acre lot is located in Belleview, Florida, minutes from Lake Weir. The property has no HOA and offers access to a freshwater lake suitable for boating, fishing, kayaking, and lakeside activities. Nearby state parks and conservation land provide opportunities for hiking, camping, and wildlife observation. The location offers convenient access to US-301 and US-441, placing it within driving distance of historic downtowns with dining, shops, festivals, local museums, and golf courses. Zoned R-1, the high and dry lot allows for the construction of a single-family dwelling and is situated in a no-flood-zone area. The closest major city is Ocala, located 10 miles away, with Orlando 55 miles away and Tampa 84 miles away. Nearby attractions include Lake Weir, Silver Springs State Park, Shady Brook Recreation Area, Lake Griffin State Park, Appleton Museum of Art, Marion Heritage Museum, and The Villages. The property is located in the 34420 postal code area of Escambia County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Belleview
    County
    Marion
    State
    Florida
    Longitude
    -82.086701
    Latitude
    29.038445

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    FAQs

    What type of property is this?
    Residential land & home lot - 0.18-acre lot near Lake Weir, no HOA, buildable.
    Where is this residential land & home lot located?
    The property is located at 0 SE 126TH PLACE Belleview, 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: Buildable .18‑acre lot near Lake Weir with no HOA.; Zoned R‑1 for single‑family dwelling in a no‑flood‑zone area.; Easy access to Lake Weir for boating, fishing, kayaking, and beaches.
    (844) 239-2663
    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
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    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.

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