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

    Tbd SE 5TH AVENUE Lake Butler, FL 32054

    View on Map
    Claim this Listing
    For Sale
    $75,000

    Land - LAKE BUTLER, FL

    Lot size:
    3.65 Acres
    Added:
    Oct 24, 2022
    Days on Market:
    1285
    Last Refresh:
    Apr 30 at 11:06 pm

    Property Features for Tbd SE 5TH AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIA
    Exterior features
    Paved
    Standard status
    Active
    APN
    31-05-20-00-000-0760-0
    Lot size
    3.65 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    358

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Barona
    Jennifer Barona

    Listing agent Jennifer Barona License #3345210

    Listing office KELLER WILLIAMS GAINESVILLE REALTY PARTNERS 7584 NW 4 BLVD; #15, Gainesville, FL

    Listing date Oct 24, 2022

    MLS# GC508996 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

    Lake Butler Residential Development Land

    This 3.65-acre property is situated in a quiet neighborhood in downtown Lake Butler, Florida. The land is high and dry, offering frontage on SE 5th Avenue. It borders the Palatka-Lake Butler State Trail. Located directly east of Lake Butler Middle School and within an Opportunity Zone, the parcel is zoned for residential use and presents potential for residential development or future investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Butler
    County
    Union
    State
    Florida
    Longitude
    -82.33228
    Latitude
    30.023733

    Nearby Similar for Sale

    • $760,000
      12,603 SF

      Downtown Lake Butler Commercial Opportunity

      Former bank building with 9,000 SF interior space.
      300 W MAIN Street, Lake Butler, FL 32054
      View Details
    • $700,000
      7,800 SF

      27.6 Acres Redevelopment Opportunity

      27.6-acre property suitable for redevelopment or adaptive reuse.
      9422 SW STATE ROAD 121, LAKE BUTLER, FL 32054
      View Details
    • $139,500

      Cleared Land Parcel in Lake Butler

      5.77 acre parcel ready for mobile or site-built home.
      Tbd SW 71ST AVENUE, LAKE BUTLER, FL 32054
      View Details
    • $124,900

      Land in Gated Fly-In Community

      1.67 acre lot with runway access in Lake Butler.
      Lot 9 SW 39TH DRIVE, LAKE BUTLER, FL 32054
      View Details
    • $65,000

      2-Acre Clearing in Lake Butler

      2-acre property in Union County, ideal for a dream home.
      00 SW COUNTY RD 239, LAKE BUTLER, FL 32054
      View Details
    • $990,000
      12,603 SF

      Spacious Commercial Building in Lake Butler

      Large building with redevelopment potential on Main Street in Lake Butler.
      300 W MAIN Street, Lake Butler, FL 32054
      View Details
    • $52,500

      Lake Butler Wooded Acreage

      Picturesque 1+ acre wooded parcel in quiet Lulu area.
      9535 NW 147TH TERRACE, LAKE BUTLER, FL 32054
      View Details
    • $175,000

      Lake Butler 10-Acre Land

      10 acres of land in The Ranches at New River.
      NW 235 County Road, Lake Butler, FL 32054
      View Details
    • $700,000
      10,200 SF

      27.6 Acres on State Road

      27.6-acre property suitable for redevelopment or adaptive reuse.
      9422 Southwest State Road 121, Lake Butler, FL 32054
      View Details
    • $125,000
      194,277 SF

      4.46 Acres in Union County

      4.46-acre parcel in rural Union County, ready for development.
      12960 County Road 241, Lake Butler, FL 32054
      View Details
    • $124,900

      Land For Sale

      Land available in Lake Butler, Florida.
      Lot 9 SW 39TH DRIVE, LAKE BUTLER, FL 32054
      View Details
    • $130,000

      2.4 Acres on SW 6th

      2.4 acres of commercial land for sale in Florida.
      SW 6th St, Lake Butler, FL
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.65 acres in downtown Lake Butler, suitable for residential development.
    Where is this residential land & home lot located?
    The property is located at Tbd SE 5TH AVENUE Lake Butler, FL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Large 3.65‑acre property in downtown Lake Butler.; Borders the Palatka‑Lake Butler State Trail.; Located within an Opportunity Zone.
    (352) 240-0600
    We can help!
    Listing Contact
    Jennifer Barona
    Jennifer Barona
    Real Estate License ID: 3345210
    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!