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

    Washington Drive Hawthorne, FL 32640

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Washington Drive, Hawthorne, FL
    For Sale
    Contact for pricing

    LAND - Hawthorne, FL

    Lot size:
    0.30 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 20 at 1:06 pm

    Property Features for Washington Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-2
    Vegetation
    Grassed, Brush
    Standard status
    Active
    APN
    121023160000100030
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COOPER LAKE ESTATES MB4 P87
    Tax Annual Amount
    61

    We can help!

    Listing Contact
    Robin Waugh

    Listing agent Robin Waugh License #3591345

    Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL

    Listing date Feb 16, 2026

    MLS# R11164232

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

    Overview

    Land in Cooper Lake Estates

    This approximately 0.30-acre parcel is located in Cooper Lake Estates in Hawthorne, Putnam County, Florida. The property is zoned R-2 (Two-Family Residential), offering residential flexibility, including potential duplex use. It is suited for future development or investment. The location provides a quiet, nature-oriented setting while remaining accessible to nearby towns, lakes, and recreation. This parcel is appealing for buyers considering a primary residence, income potential, or long-term land investment strategy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hawthorne
    County
    Alachua
    State
    Florida
    Longitude
    -81.9543057
    Latitude
    29.6375706

    Nearby Similar for Sale

    • $914,980

      83-Acre Vacant Land in Hawthorne

      A usable canvas for homesite, farm, or recreational retreat.
      0 NE County Road 1469, Hawthorne, FL 32640
      View Details
    • $275,000
      2,975 SF

      Industrial Flex Space on Highway

      Industrial flex space with highway frontage, suitable for various uses.
      7220 NE US HIGHWAY 301, HAWTHORNE, FL 32640
      View Details
    • $2,300,000
      2,268 SF

      Certified Organic Blueberry Farm

      Active blueberry farm with home, packing house, and storage.
      18811 SE 243RD STREET, HAWTHORNE, FL 32640
      View Details
    • $12,000

      Oversized Corner Lot in Hawthorne

      Partially cleared 0.26-acre corner lot in Hawthorne, Florida.
      301 RAINBOW DRIVE, HAWTHORNE, FL 32640
      View Details
    • $45,000

      Buildable Lot Near Lake Lochloosa

      One-acre buildable lot near Lake Lochloosa, close to Gainesville and Ocala.
      13910 SE 202ND TERRACE, HAWTHORNE, FL 32640
      View Details
    • $45,000

      1.69 Acre Corner Lot

      1.69 acre corner lot ready for your dream home.
      105 RACE STREET, HAWTHORNE, FL 32640
      View Details
    • $45,000

      Buildable Lot Near Lake Lochloosa

      One-acre buildable lot near Lake Lochloosa and Gainesville.
      202ND TERRACE, HAWTHORNE, FL 32640
      View Details
    • $84,900

      Land in Melrose Landing

      2.15 acre lot in private air strip community.
      181 WHIRLWIND LOOP, HAWTHORNE, FL 32640
      View Details
    • $45,000

      Residential Land in Established Community

      1.02 acre parcel in Hawthorne, FL, no HOA.
      24615 SE 101ST AVENUE, HAWTHORNE, FL 32640
      View Details
    • $8,490

      Land in Hawthorne, Florida

      Vacant land suitable for building a home or investment.
      Louisiana Avenue, Hawthorne, FL 32640
      View Details
    • $8,490

      Land in Hawthorne, Florida

      Land for sale in Hawthorne, Florida.
      Indiana Avenue, Hawthorne, FL 32640
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.30-acre parcel in Hawthorne, FL, zoned R-2.
    Where is this residential land & home lot located?
    The property is located at Washington Drive Hawthorne, 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: Approximately 0.30‑acre parcel in Cooper Lake Estates.; R‑2 (Two‑Family Residential) zoning allows for duplex construction, offering income potential.; Suited for primary residence or long‑term land investment.
    (877) 366-2213
    We can help!
    Listing Contact
    Robin Waugh
    Real Estate License ID: 3591345
    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!