Sign Up Successful!
You now have access to more from Realmo!
    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

    17400 NW 120Th Avenue Rd Reddick, FL 32686

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $359,000

    Cleared 15-acre agricultural land near World Equestrian Center.

    Lot size:
    15.00 Acres

    Property Features for 17400 NW 120Th Avenue Rd

    General Information

    Lot size
    15.00 Acres

    We can help!

    Listing Contact
    Stacey Raisch
    Stacey Raisch
    Source: Elliman

    Listing Agent: Stacey Raisch

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

    Learn more

    Overview

    15 Acres in Horse Country

    Located in the heart of horse country, this 15-acre property is zoned A-1 for agricultural use. The land is mostly cleared, featuring grand oak trees throughout. Situated on a winding country road, it offers convenient access to the World Equestrian Center, I-75, Ocala, and Gainesville. Existing utilities include a nearby well and electric access. A septic system is in place, but its condition is unknown. The property also includes a large utility shed suitable for machinery or recreational equipment. Surrounded by numerous large horse farms, the land allows for horses and livestock. The quaint town of Williston is nearby for shopping. This location is suitable for building a dream farm, home, and/or horse facility.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Clothing Store Department Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.32238
    Latitude
    29.396173

    Nearby Similar for Sale

    • $2,679,000
      2,859 SF

      Equestrian Estate Near World Center

      Turn-key equestrian facility on 47+/- acres, 15 miles from WEC.
      13450 NW Gainesville Rd, Reddick, FL 32686
      View Details
    • $3,995,000
      4,809 SF

      Turn-Key Equestrian Estate on 150 Acres

      Equestrian sanctuary with modern Victorian home near World Equestrian Center.
      12275 Highway 318 W, Reddick, FL 32686
      View Details
    • New
      $1,125,000
      1,637 SF

      Equestrian Farm Near WEC

      Turnkey farm with potential in the heart of horse country.
      12615 NW Gainesville Rd, Reddick, FL 32686
      View Details
    • $8,450,000
      1,350 SF

      Equestrian Estate Near Golden Corridor

      125-acre equestrian estate with barns, residences, and serene lakes.
      12853 NW 90Th Ave, Reddick, FL 32686
      View Details
    • $3,399,000
      3,190 SF

      Equestrian Estate with Custom Residence

      41-acre property with residential comfort and equestrian facilities.
      11715 NW 90Th Ave, Reddick, FL 32686
      View Details
    • $4,900,000
      1,567 SF

      Equestrian Farm with Turnkey Infrastructure

      100-acre equestrian farm near HITS and World Equestrian Center.
      5100 Highway 329 W, Reddick, FL 32686
      View Details
    • New
      $1,699,000
      3,131 SF

      Equestrian Estate on 12 Acres

      Renovated 4-bedroom home with equestrian facilities near horse show venues.
      9760 Highway 316 W, Reddick, FL 32686
      View Details
    • $10,500,000
      4,581 SF

      Equestrian Training Facility in Reddick

      413+ acre equestrian facility with track and multiple barns.
      12520 NW 160Th St, Reddick, FL 32686
      View Details
    • New
      $1,175,000
      2,567 SF

      Income-Producing Tree Farm with Residence

      10.29-acre income-producing tree farm with custom-built residence.
      19040 NW 88Th Avenue Rd, Reddick, FL 32686
      View Details
    • $1,995,000
      2,260 SF

      Scenic Horse Farm Near WEC

      Updated 12-acre horse farm near WEC and HITS.
      8820 NW 130Th St, Reddick, FL 32686
      View Details
    • $1,200,000
      Pending

      Equestrian Farm with Barndominium

      10+ acre equestrian property with a custom-designed barndominium.
      17610 NW 110 Ct, Reddick, FL 32686
      View Details
    • $639,900
      1,958 SF

      Equestrian Property Near World Equestrian Center

      Charming ranch on 6 acres near World Equestrian Center.
      15636 Highway 329 N, Reddick, FL 32686
      View Details

    FAQs

    What type of property is this?
    Land - Cleared 15-acre agricultural land near World Equestrian Center.
    Where is this land located?
    The property is located at 17400 NW 120Th Avenue Rd Reddick, FL.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - 15 acres of A-1 zoned agricultural land, ideal for building a horse farm or dream home.; - Excellent location: short drive to World Equestrian Center, I-75, Ocala, and Gainesville.; - Existing utilities: well and electric nearby, plus a septic system in place.
    (845) 546-1022
    Request Owner's contact information
    17400 NW 120Th Avenue Rd Reddick, FL 32686
    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.
    17400 NW 120Th Avenue Rd
    Reddick, FL 32686
    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
    17400 NW 120Th Avenue Rd Reddick, FL 32686
    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

    We can help!
    Listing Contact
    Stacey Raisch
    Stacey Raisch
    Real Estate License ID: 3436782
    (845) 546-1022
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.