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

    235th St Suwannee, FL 32692

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Saltwater canal frontage lot in Suwannee, Florida.

    Type:Land
    Added:
    Feb 12, 2025
    Days on Market:
    427
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 235th St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Anna Driggers

    Listing agent Anna Driggers License #FL

    Listing office Hatcher Realty Services, Inc.

    Listing date Feb 12, 2025

    Source Crexi

    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 Hatcher Realty Services, Inc.

    Overview

    Saltwater Canal Frontage Lot

    This saltwater canal frontage lot is located in the fishing town of Suwannee, Florida. Known for its laid-back, Old Florida charm, the area is a destination for anglers, boaters, and nature lovers. The property is surrounded by marshlands, tidal creeks, and the Lower Suwannee National Wildlife Refuge, offering opportunities for fishing, kayaking, and birdwatching.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Suwannee
    County
    Dixie
    State
    Florida
    Longitude
    -82.7909
    Latitude
    29.6251

    Nearby Similar for Sale

    • $80,000
      754 SF

      Suwannee, FL Office Building

      Versatile commercial building in Suwannee, ready for customization.
      23252 Hwy 349, Suwannee, FL 32692
      View Details
    • $329,000

      Waterfront Lot Ready for RV

      0.4-acre waterfront corner lot with RV setup and boathouse.
      249 228th St, Suwannee, FL 32692
      View Details
    • $140,000

      Land Parcel Near Suwannee, FL

      Versatile 2.5-acre property with RV exception near Suwannee, FL.
      851st Ave, Suwannee, FL 32692
      View Details
    • $55,000

      Waterfront Lot with Riparian Rights

      Small lot with riparian rights on the Gulf of Mexico.
      0 Hwy 349, Suwannee, FL 32692
      View Details
    • $100,000

      Suwannee Acreage with RV Setup

      Acreage near Suwannee River with RV carport and storage.
      1 855th Ave, Suwannee, FL 32680
      View Details
    • $129,000

      RV Ready Waterfront Lot

      Waterfront lot with RV permit, utility building, near Suwannee River.
      36 245th St, Suwannee, FL 32680
      View Details
    • $85,000

      Waterfront Lot with RV Permit

      Waterfront lot with RV cover, power, water, and sewer.
      80 SE 352nd St, Suwannee, FL 32680
      View Details
    • $300,000

      Waterfront Lots with Gulf Access

      Two waterfront lots with direct Gulf access and RV hookups.
      128 218th St, Suwannee, FL 32692
      View Details
    • $250,000

      Spacious Corner Lot in Suwannee

      0.5-acre corner lot on freshwater canal in Suwannee, Florida.
      12 241st St, Suwannee, FL 32692
      View Details
    • $99,900

      Waterfront RV-Ready Lot in Suwannee

      Canal-front property with grandfathered RV exception and Suwannee River access.
      83 217th St, Suwannee, FL 32692
      View Details
    • $325,000

      Waterfront Lot in Suwannee, Florida

      0.27-acre waterfront lot with canal access to Suwannee River.
      TBD 899th Ave, Suwannee, FL 32692
      View Details
    • $165,900

      Canal-Front Lot in Suwannee, FL

      Canal-front lot with Gulf access, seawall in place.
      00 210th St, Suwannee, FL 32692
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Saltwater canal frontage lot in Suwannee, Florida.
    Where is this waterfront land located?
    The property is located at 235th St Suwannee, FL.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Saltwater canal frontage lot.; Located in the fishing town of Suwannee.; Known for Old Florida charm.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anna Driggers
    Real Estate License ID: FL
    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!