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    Waterfront Land with Corner Frontage Title is generated by Realmo AI

    00 Front St, Welaka, FL 32193

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    For Sale
    $299,000

    Cleared river-view parcel in city limits with city water and sewer available on two corner frontages.

    Type:Land
    Lot size:
    0.92 Acres
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 5 at 2:52 am

    Property Features for 00 Front St

    General Information

    Standard status
    Active
    Lot size
    0.92 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    SHELLY GRIFFIS

    Listing agent SHELLY GRIFFIS

    Listing office MAXREV, LLC

    Listing date May 29, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MAXREV, LLC

    HighLights

    • 0.92‑acre cleared property in city limits with river views
    • Two corner frontages and located directly across from the park
    • City water and city sewer available through the City of Welaka
    • Mature oak trees on the property
    • Ample space that may possibly be divided into up to four lots by the new owner

    Overview

    This cleared waterfront land parcel in Welaka offers a versatile canvas for a private residence or multiple-site development. The property is within city limits and is characterized by green grass, mature oak trees, and river views that frame the setting. Two corner frontages provide flexibility for driveway placement and layout planning, and the land is positioned with utilities available through the City of Welaka, including city water and city sewer.

    The parcel sits directly across from the park and near the public boat ramp, creating a practical relationship to outdoor recreation and on-the-water access. With two frontages and an open, maintained feel, it is well suited for buyers looking for a straightforward start on a waterfront site in Welaka.

    Because the property has clear space and available city services, it fits buyers who want to build with modern utility access while preserving the natural character of the oaks and river views. The seller notes the property may possibly be divided into up to four lots by the new owner if desired, which can support planning options for estates, second homes, or smaller development layouts. For anyone seeking a cleared waterfront parcel in a compact, amenity-adjacent setting, this one offers a defined starting point and multiple pathways forward.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Welaka
    County
    Putnam
    State
    Florida
    Longitude
    -81.6739246
    Latitude
    29.4791063

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    FAQs

    What type of property is this?
    Waterfront Land - Cleared river-view parcel in city limits with city water and sewer available on two corner frontages.
    Where is this waterfront land located?
    The property is located at 00 Front St Welaka, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 0.92‑acre cleared property in city limits with river views; Two corner frontages and located directly across from the park; City water and city sewer available through the City of Welaka
    (386) 937-1044
    We can help!
    Listing Contact
    SHELLY GRIFFIS
    Learn More
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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.

    More about this property
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