Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apopka 20-Acre Development Opportunity Title is generated by Realmo AI

    1048 Ustler Road, Apopka, FL 32712

    View on Map
    Claim this Listing
    For Sale
    $2,900,000

    Land, Other - Apopka, FL

    Type:Single Family Residence
    Lot size:
    20.16 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    234
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 1048 Ustler Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    20.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elizabeth Johnson
    Elizabeth Johnson

    Listing agent Elizabeth Johnson License #BK3230070,PersonLicenseNumber

    Listing office NextHome Salty Dog Realty 125 E Merritt Island CSWY. STE 107, #320, FL

    Listing date Oct 14, 2025

    MLS# O6351469 Listing URL

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

    HighLights

    • 20‑acre property comprised of 3 parcels, ideal for residential development, equestrian estate, or agricultural business.
    • Prime investment opportunity in a high‑growth Apopka location near residential and commercial corridors.
    • Excellent access to major roadways (SR 429 & SR 441) providing convenient city access.
    • Includes existing structures: two‑story pool home, two single‑story homes, and numerous outbuildings/barns/greenhouses.
    • Located near established upscale neighborhoods (Apopka Ranches, Wekiva Preserve) with peaceful rural charm.
    • Close proximity to amenities: 3‑minute drive to Publix, Walgreens, Starbucks; 6 minutes from Central Florida Equestrian Center.

    Overview

    This 20.16-acre property, comprised of three parcels, presents an exceptional development opportunity for investors, builders, or developers. Located in Apopka, Florida, the land is suitable for creating a custom community among established upscale neighborhoods, offering both rural charm and convenient city access. The property, formerly used as a nursery and family compound, is ideal for residential development, an upscale subdivision, a private equestrian estate, agricultural business, or a family compound. The site benefits from excellent access to major roadways, including SR 429 and SR 441, and is near Apopka's growing residential and commercial corridor. The land is mostly cleared with some old-growth trees on the north side. The first parcel at 1048 Ustler Rd consists of 10.08 acres (+/-) and features a two-story pool home with numerous outbuildings, barns, and greenhouses. The second parcel at 1032 Ustler Rd includes 5.03 acres (+/-) with a one-story home and outbuildings, barns, and greenhouses, adjacent to Wekiva Preserve. The third parcel at 1114 Ustler Rd contains 5.05 acres (+/-) with a one-story block home and outbuildings and greenhouses. The property is a short drive to Publix, Walgreens, and Starbucks and is near the Central Florida Equestrian Center. It backs up to the Orange County Clerk of Court, with a wooded buffer zone already in place. A small area of wetlands is located on the north side of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cyber X Solutions Marketing & Advertising Lil Slugga Music Venue

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.50354
    Latitude
    28.7000332

    Nearby Similar for Sale

    • $990,000
      2,580 SF

      Commercial Property on SR 436

      Prime commercial property suitable for various businesses in Apopka, FL.
      3468 E SEMORAN BOULEVARD, APOPKA, FL 32703
      View Details
    • $2,000,000
      10,215 SF

      Historic Mixed-Use Redevelopment Opportunity

      Mixed-use property in Downtown Apopka with redevelopment and investment potential.
      210 5TH STREET, APOPKA, FL 32703
      View Details
    • $875,000
      14,095 SF

      Apopka Mixed-Use Redevelopment Opportunity

      1.38-acre mixed-use property in Apopka's downtown corridor.
      227 S HAWTHORNE AVENUE, APOPKA, FL 32703
      View Details
    • $649,000
      3,602 SF

      Lake Apopka Waterfront Commercial Land

      Lakefront commercial land with redevelopment potential in growing area.
      3828 WALKER ROAD, APOPKA, FL 32703
      View Details
    • $900,000
      1,598 SF

      High-Visibility Retail Site on Park

      Retail site in Apopka, zoned for diverse commercial uses.
      454 N PARK AVENUE, APOPKA, FL 32712
      View Details
    • $375,000

      Apopka Land Infill Site

      Vacant land in Downtown Apopka's mixed-use district.
      215 E 5TH STREET, APOPKA, FL 32703
      View Details
    • $879,000

      Apopka Land with City Utilities

      Land with city utilities available in a growing Apopka area.
      2295 APPY LANE, APOPKA, FL 32712
      View Details
    • $798,000
      1,620 SF

      Apopka Income-Producing Multi-Unit Property

      Multi-unit property in Apopka, FL, near schools, shops, and dining.
      280 E 1ST STREET, APOPKA, FL 32703
      View Details
    • $1,800,000

      Lakefront Land on Lake Apopka

      7.76 acres of lakefront land with a 5-car metal building.
      3280 & 3198 SHEAF ROAD, APOPKA, FL 32703
      View Details
    • $1,449,300

      Apopka Land Redevelopment Opportunity

      High-growth area land ideal for multifamily or mixed-use development.
      3427 GOLDEN GEM Road, Apopka, FL 32227
      View Details
    • $1,446,400

      Apopka Land Redevelopment Opportunity

      High-growth area land ideal for multifamily or mixed-use development.
      3337 GOLDEN GEM Road, Apopka, FL 32712
      View Details
    • $1,441,000

      Apopka Land Redevelopment Opportunity

      5+ acres ideal for multifamily or mixed-use development.
      3319 GOLDEN GEM Road, Apopka, FL 32712
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 20-acre property ideal for residential development in Apopka, Florida.
    Where is this residential land & home lot located?
    The property is located at 1048 Ustler Road Apopka, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 20‑acre property comprised of 3 parcels, ideal for residential development, equestrian estate, or agricultural business.; Prime investment opportunity in a high‑growth Apopka location near residential and commercial corridors.; Excellent access to major roadways (SR 429 & SR 441) providing convenient city access.
    (321) 795-7167
    We can help!
    Listing Contact
    Elizabeth Johnson
    Elizabeth Johnson
    Real Estate License ID: BK3230070,PersonLicenseNumber
    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

    Thank You for Inquiry
    1048 Ustler Road, Apopka, FL 32712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!