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

    10070 Highway 42 SE Summerfield, FL 34491

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    High-traffic commercial land near The Villages with billboard income.

    Lot size:
    0.93 Acres

    Property Features for 10070 Highway 42 SE

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.93 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Tom Mcdonald
    Source: Elliman

    Listing Agent: Tom Mcdonald

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

    Learn more

    Overview

    Corner Lot with Billboard Income

    This commercial corner lot is located in Marion County, in close proximity to The Villages. The property benefits from a high traffic count. It also includes a billboard that generates income.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.98541
    Latitude
    28.981722

    Nearby Similar for Sale

    • $584,999
      936 SF

      Equestrian/Agricultural Property in Marion County

      14-acre equestrian/agricultural property in Southeast Marion County, move-in ready.
      9900 SE Sunset Harbor Rd, Summerfield, FL 34491
      View Details
    • $955,000
      12.97 Acres

      Turnkey Equestrian Property on 12.97 Acres

      Serene equestrian property with 13-stall barn and riding arena.
      815 SE 145Th St, Summerfield, FL 34491
      View Details
    • New
      $3,695,000
      540 SF

      Equestrian Farm with Premier Facilities

      23+ acre equestrian farm with barns and paddocks in Summerfield.
      5540 SE 157Th St, Summerfield, FL 34491
      View Details
    • New
      $1,250,000
      1,632 SF

      Equestrian Property with Two Residences

      10-acre equestrian property in Marion County with two residences.
      4495 SE 150Th St, Summerfield, FL 34491
      View Details
    • $1,250,000
      1,440 SF

      High Profile Corner Property

      Corner property ideal for retail or service-oriented business.
      13121 S Us Highway 441, Summerfield, FL 34491
      View Details
    • $470,000
      1,840 SF

      Summerfield Farm with Equestrian Features

      2.6-acre property with main house, stable, and mobile home.
      3334 SE 138Th Pl, Summerfield, FL 34491
      View Details
    • $1,090,000
      3,176 SF

      Summerfield Farm with Equestrian Potential

      7.84-acre Summerfield farm featuring updated home, guest house, and barn.
      1960 SE 150Th St, Summerfield, FL 34491
      View Details
    • $1,250,000
      Pending

      High-Visibility Corner Parcel For Sale

      Corner parcel zoned B-4, ideal for retail or office.
      13121 SE Us Highway 441, Summerfield, FL 34491
      View Details
    • $2,600,000
      2,225 SF

      Equestrian Paradise Horse Farm

      16-acre horse farm with modern amenities near Florida Horse Park.
      16921 SE 19Th Ct, Summerfield, FL 34491
      View Details
    • $990,000
      2,939 SF

      Highway Frontage Agricultural Property

      Two lots totaling 19.33 acres with highway frontage.
      13830 S Us Highway 301, Summerfield, FL 34491
      View Details
    • $999,000

      Turnkey Equestrian Farm Near I-75

      Impeccably maintained 17-acre farm with equestrian facilities and convenient location.
      15600 SE 47Th Ave, Summerfield, FL 34491
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial land near The Villages with billboard income.
    Where is this commercial land located?
    The property is located at 10070 Highway 42 SE Summerfield, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - High traffic count corner location.; - Billboard included with income.; - Located in Marion County.
    (352) 861-4278
    Request Owner's contact information
    10070 Highway 42 SE Summerfield, FL 34491
    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.
    10070 Highway 42 SE
    Summerfield, FL 34491
    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
    10070 Highway 42 SE Summerfield, FL 34491
    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
    Tom Mcdonald
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!