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    37415 State Road 19 Umatilla, FL 32784

    For Sale
    $899,000

    Two buildings with income potential in Umatilla, Florida.

    Lot size:
    1.10 Acres

    Property Features for 37415 State Road 19

    General Information

    Lot size
    1.10 Acres

    Building Details

    Year built
    1953

    Source: GRIZZARD COMMERCIAL REALESTATE Agent Daniel Tatro

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

    Overview

    Umatilla Multifamily and Commercial Property

    This property presents an investment and income opportunity, featuring two buildings that are almost fully leased. It includes a recently remodeled 7-unit apartment complex, with each unit containing one bedroom and one bathroom. Additionally, there is a commercial building with a 1,920 square foot pole barn and covered carport area. The property fronts State Road 19 in Umatilla, Florida, an area experiencing growth. Situated on approximately 1.17 acres within Lake County, the property is zoned C-2/R-6. This location offers potential for various business uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Hotel & Motel Kitchen & Bath Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.6875917
    Latitude
    28.8933661

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    FAQs

    What type of property is this?
    Apartment building - Two buildings with income potential in Umatilla, Florida.
    Where is this apartment building located?
    The property is located at 37415 State Road 19 Umatilla, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Almost 100% leased, providing immediate income; - Includes a 7-unit apartment complex and a commercial building; - Located on 1.17 +/- acres in growing Umatilla, Florida
    (352) 396-9136
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    37415 State Road 19 Umatilla, FL 32784
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    Umatilla, FL 32784
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    Realmo Value Estimation

    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.

    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.

    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
    37415 State Road 19 Umatilla, FL 32784
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