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

    401 W 1St St, Unit 2 Steinhatchee, FL 32359

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $100,000

    Buildable lot near Steinhatchee River, boat ramp, and marina.

    Lot size:
    0.17 Acres

    Property Features for 401 W 1St St

    General Information

    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Kirby Klys
    Source: Elliman

    Listing Agent: Kirby Klys

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

    Learn more

    Property Insight Report

    Overview

    Buildable Lot Near Steinhatchee River

    This buildable lot is situated on a county-maintained paved street, with an approximate elevation of 6 to 8 feet. It is located two blocks from the Steinhatchee River, a boat ramp, Roy's Restaurant, and the Sea Hag marina. Water, sewer, and electric utilities are located nearby. A recent survey is available. The intended use of the property is not specified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Steinhatchee
    County
    Taylor
    State
    Florida
    Longitude
    -83.3955708
    Latitude
    29.6778011

    Nearby Similar for Sale

    • $155,000
      0.30 Acres

      Ready-to-Go Steinhatchee Property

      Fabulous property near water, marinas, restaurants, and fun!
      5466 Highway 358, Steinhatchee, FL 32359
      View Details
    • New
      $155,000
      0.30 Acres

      RV Ready Property in Steinhatchee

      Fenced property with RV, utilities, and outdoor kitchen.
      5466 SW Hwy 358 Ave, Steinhatchee, FL 32359
      View Details
    • $155,000
      0.30 Acres

      Ready Campground Property in Steinhatchee

      Campground property near water, marinas, restaurants, and fun!
      5466 Highway 358 SW, Steinhatchee, FL 32359
      View Details
    • New
      $199,000
      0.56 Acres

      RV Hookups in Steinhatchee

      Investment property with six RV hookups near Steinhatchee River.
      11 4Th Ave, Steinhatchee, FL 32359
      View Details
    • $160,000
      0.23 Acres

      Updated Cottage in Steinhatchee, FL

      Updated 1-bedroom cottage near amenities, ideal for Airbnb or small business.
      6 12Th St, Steinhatchee, FL 32359
      View Details
    • $110,000
      0.26 Acres

      Corner Lot Near Gulf Coast

      Spacious corner lot with RV hookups near Gulf attractions.
      5Th Ave, Steinhatchee, FL 32359
      View Details
    • $300,000
      3.99 Acres

      Steinhatchee Land with RV Hookups

      Almost 4 acres in Steinhatchee with RV hookups.
      305 Sugarhill Rd, Steinhatchee, FL 32359
      View Details
    • $185,000
      0.42 Acres

      Turn-Key RV Ready Corner Lot

      Prime location near marinas, restaurants, and boat ramp.
      614 1St Ave, Steinhatchee, FL 32359
      View Details
    • $395,000
      1,676 SF

      Established Steinhatchee Restaurant & Property

      Turn-key cafe, high income potential, prime location.
      213 10Th St, Steinhatchee, FL 32359
      View Details
    • $799,000
      10,670 SF

      Prime Steinhatchee Commercial Property

      Turn-key commercial space with apartment.
      105 15Th St, Steinhatchee, FL 32359
      View Details
    • $300,000
      1,040 SF

      Prime Steinhatchee Office Space

      Affordable Commercial Property, High Traffic Area
      806 1St Ave, Steinhatchee, FL 32359
      View Details
    • $795,000
      3,616 SF

      Executive Office Building, Steinhatchee FL

      Prime Executive Office Space, Steinhatchee Resort
      219 Highway 51, Steinhatchee, FL 32359
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lot near Steinhatchee River, boat ramp, and marina.
    Where is this land located?
    The property is located at 401 W 1St St, Unit 2 Steinhatchee, FL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: - Buildable lot near Steinhatchee River, boat ramp, Roy's Restaurant and Sea Hag marina; - Water, sewer, and electric utilities nearby; - Located on a county-maintained paved street
    (352) 538-1549
    Request Owner's contact information
    401 W 1St St, Unit 2 Steinhatchee, FL 32359
    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.
    401 W 1St St, Unit 2
    Steinhatchee, FL 32359
    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
    401 W 1St St, Unit 2 Steinhatchee, FL 32359
    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
    Kirby Klys
    Real Estate License ID: 167829
    (352) 538-1549
    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.