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

    1177 Se Keystone Ave Keystone Heights, FL 32656

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    11-acre commercial parcel with storage, office, and equipment.

    Lot size:
    11.00 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    652
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 1177 Se Keystone Ave

    General Information

    Standard status
    Active
    Lot size
    11.00 Acres

    We can help!

    Listing Contact
    Jeff Rimes
    Jeff Rimes

    Listing agent Jeff Rimes License #3379326

    Listing office COLDWELL BANKER M.M. PARRISH, REALTORS

    Listing date Jul 15, 2024

    Source Exprealty

    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 COLDWELL BANKER M.M. PARRISH, REALTORS

    Overview

    Commercial Land with RV/Boat Storage

    This 11-acre commercial parcel, currently under construction, is zoned C-1 and approved for mini storage and multiple commercial applications. The property features over 1000 feet of road frontage on SR 100. Approximately 3 acres are fenced and cleared, accommodating over 95 RV and boat storage spaces. Improvements include an office, security system, combination operating gates, and two storage buildings. The sale includes a tractor, mower, and maintenance equipment necessary for property upkeep. An existing retention pond is located on the premises. The property benefits from 5-foot setbacks from the property line and includes an open-air pavilion. A septic system and two wells are present; city water may be available.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Hotel & Motel Storage Facility Garden Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Keystone Heights
    County
    Clay
    State
    Florida
    Longitude
    -81.9355
    Latitude
    29.867

    Nearby Similar for Sale

    • $389,900
      2,220 SF

      Keystone Heights Commercial Property For Sale

      Income-producing commercial property with multiple units and flexible uses.
      160 SW NIGHTINGALE Street, Keystone Heights, FL 32656
      View Details
    • $319,000

      Keystone Heights Land For Sale

      8.18 acres of land ideal for private estate.
      6656 COUNTY ROAD 315C, Keystone Heights, FL 32656
      View Details
    • $2,500,000
      2,700 SF

      Keystone Heights Commercial Opportunity

      Established liquor store and laundromat with real property for sale.
      7387 STATE ROAD 21, Keystone Heights, FL 32656
      View Details
    • $35,000

      Keystone Heights Land Parcel

      1.44 acre parcel ready for development near Keystone Heights.
      7577 CASA GRANDE Boulevard, Keystone Heights, FL 32656
      View Details
    • $38,900

      Keystone Heights 1.25-Acre Lot

      1.25-acre lot in Keystone Heights, build your dream home.
      7676 LOS PADRES Avenue, Keystone Heights, FL 32656
      View Details
    • $289,000

      Keystone Heights Vacant Commercial Land

      1.12 acre commercial land in Keystone Heights, Florida.
      COMMERCIAL Circle, Keystone Heights, FL 32656
      View Details
    • $28,000

      Residential Land in Keystone Heights

      0.35-acre lot, perfect for building your dream home.
      5851 HILLRIDGE ROAD, KEYSTONE HEIGHTS, FL 32656
      View Details
    • $26,000

      Keystone Heights Acreage for Development

      1.01-acre parcel suitable for mobile or site-built home.
      6713 HIGHLAND Drive, Keystone Heights, FL 32656
      View Details
    • $124,900

      Wooded 5-Acre Keystone Heights Lot

      Beautiful 5-acre wooded lot near Keystone Heights, Florida.
      4385 BONDARENKO ROAD, KEYSTONE HEIGHTS, FL 32656
      View Details
    • $15,000

      Keystone Heights Vacant Land

      Vacant lot in a growing area, ready for development.
      6040 FURMAN Avenue, Keystone Heights, FL 32656
      View Details
    • $10,000

      Keystone Heights Land For Sale

      0.34 acre commercial land available in Keystone Heights, Florida.
      6304 Drake Avenue, Keystone Heights, FL 32656
      View Details
    • $59,900

      Keystone Heights Corner Lot

      Corner lot suitable for a new home or mobile home.
      5570 COUNTY ROAD 214, Keystone Heights, FL 32656
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - 11-acre commercial parcel with storage, office, and equipment.
    Where is this parking lot & garage located?
    The property is located at 1177 Se Keystone Ave Keystone Heights, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 11 Acre Commercial Parcel (C‑1 Zoned) with Over 1000' SR 100 Frontage; Approved for Mini Storage and Multiple Commercial Applications; 3 Acres Fenced and Cleared for 95+ RV/Boat Storage Spaces
    (352) 335-4999
    We can help!
    Listing Contact
    Jeff Rimes
    Jeff Rimes
    Real Estate License ID: 3379326
    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!