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

    15070 Highway 441 Summerfield, FL 34491

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    Commercial land with highway frontage near The Villages and Lake Weir.

    Type:Land
    Lot size:
    8.00 Acres
    Added:
    Jul 28, 2024
    Days on Market:
    630
    Last Refresh:
    Mar 13 at 10:50 am

    Property Features for 15070 Highway 441

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tommy Adair

    Listing agent Tommy Adair License #492400

    Listing office ROBERTS REAL ESTATE INC

    Listing date Jul 28, 2024

    Source Compass

    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 ROBERTS REAL ESTATE INC

    Overview

    Highway 441 Commercial Land

    This property features 107 feet of road frontage on Highway 441, situated near Sunset Harbor Road. The frontage is zoned B2 commercial, with the remaining approximately 8 acres zoned A-1. The A-1 zoning can be changed to meet specific business zoning requirements. Plans and surveys are available for a 96-bed assisted living and memory care facility. The property is located 5 minutes from The Villages and Lake Weir. The area's growth is documented nationally in financial journals and investment media.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.002683
    Latitude
    29.00297

    Nearby Similar for Sale

    • $975,000
      3,176 SF

      Updated Farm Near Equestrian Center

      7.84-acre farm with updated home, equestrian amenities, and guest apartment.
      1960 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $2,500,000

      Corner Land Parcel in Summerfield

      8.89 acres with frontage on CR 42 near The Villages.
      7415 SE HIGHWAY 42, SUMMERFIELD, FL 34491
      View Details
    • $579,900
      936 SF

      Equestrian/Agricultural Opportunity in Marion County

      14-acre equestrian/agricultural property in Southeast Marion County.
      9900 SE SUNSET HARBOR ROAD, SUMMERFIELD, FL 34491
      View Details
    • $945,000

      Equestrian Farm Near Florida Horse Park

      12.97 acre equestrian farm near Florida Horse Park and WEC.
      815 SE 145TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $489,900

      Land in Peaceful Rural Setting

      11.95 acres of A-1 zoned land near The Villages.
      15153 SE 73RD AVENUE, SUMMERFIELD, FL 34491
      View Details
    • $1,250,000
      1,632 SF

      Equestrian Property with Two Residences

      10-acre equestrian property with two residences and horse facilities.
      4495 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $235,000

      Commercial Lot Near Oxford Downs

      Commercial lot with easy access and few limitations.
      00 S US HWY 301, 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 residence, stable, and mobile home.
      3334 SE 138TH PLACE, SUMMERFIELD, FL 34491
      View Details
    • $36,000

      Summerfield, FL Vacant Land

      Vacant 0.40 acre lot in a serene Summerfield neighborhood.
      2034 SE 178th St, Summerfield, FL 34491
      View Details
    • $65,000

      Corner Lot in Growing Area

      Oversized corner lot ready for immediate development near The Villages.
      0 SE 159TH ST, SUMMERFIELD, FL 34491
      View Details
    • $144,999

      Residential Estate Lot Near Villages

      1.88-acre residential estate lot near The Villages.
      0 SE 99TH AVENUE, SUMMERFIELD, FL 34491
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with highway frontage near The Villages and Lake Weir.
    Where is this commercial land located?
    The property is located at 15070 Highway 441 Summerfield, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 107 Ft. of road frontage on HWY 441; Zoned for commercial B2 (road frontage); Appx 8 acres with A‑1 zoning (can be changed)
    (352) 843-4148
    We can help!
    Listing Contact
    Tommy Adair
    Real Estate License ID: 492400
    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!