Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5201 Highway 329 W Reddick, FL 32686

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $795,000

    Land available for sale in Reddick, Florida.

    Lot size:
    28.55 Acres

    Property Features for 5201 Highway 329 W

    General Information

    Lot size
    28.55 Acres

    We can help!

    Listing Contact
    George De Benedicty
    George De Benedicty
    Source: Elliman

    Listing Agent: George De Benedicty

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

    Learn more

    Overview

    Land Available For Sale

    This land is available for sale and is located at 5201 W HIGHWAY 329, Reddick, FL 32686. The list price is $795000.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Clothing Store Department Store Kitchen & Bath Bar & Pub Cafe & Coffee Shop Women's Store Veterinary Clinic Pet Store Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Reddick
    County
    Marion
    State
    Florida
    Longitude
    -82.20627
    Latitude
    29.336027

    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
    • $305,000
      2,424 SF

      Duplex on 3.5 Acres

      Two dwellings on 3.5 acres near World Equestrian Center.
      17045 NW 128Th Ter, 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

    FAQs

    What type of property is this?
    Land - Land available for sale in Reddick, Florida.
    Where is this land located?
    The property is located at 5201 Highway 329 W Reddick, FL.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - No selling points could be extracted from the provided information.
    (352) 895-8900
    Request Owner's contact information
    5201 Highway 329 W 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.
    5201 Highway 329 W
    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
    5201 Highway 329 W 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
    George De Benedicty
    George De Benedicty
    (352) 895-8900
    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.