Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Citrus County Land Opportunity Title is generated by Realmo AI

    12884 South Pleasant Grove Road, Floral City, FL 34436

    View on Map
    Claim this Listing
    For Sale
    $3,000,000

    199+ acres of pastures, woods, and agricultural fields.

    Type:Land
    Lot size:
    199.00 Acres
    Added:
    Apr 8, 2020
    Days on Market:
    2245
    Last Refresh:
    Mar 13 at 12:30 pm

    Property Features for 12884 South Pleasant Grove Road

    General Information

    Standard status
    Active
    Lot size
    199.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tracie Maler, PA

    Listing agent Tracie Maler, PA License #3246734

    Listing office KW REALTY ELITE PARTNERS

    Listing date Apr 8, 2020

    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 KW REALTY ELITE PARTNERS

    HighLights

    • Over 199 acres of land in Citrus County, Florida.
    • Suitable for development, building a home, or starting a farm.
    • Combination of pastures, woods, and agricultural fields.
    • Ideal for equestrians and outdoor enthusiasts.
    • Close to Floral City, Withlacoochee Bike Trail, and springs for kayaking.
    • Proximity to the Gulf of Mexico for fishing, boating, and scalloping.

    Overview

    This property offers over 199 acres of land in Citrus County, Florida, featuring a combination of pastures, wooded areas, and agricultural fields. The location is suitable for a developer looking to create a subdivision, or for an individual to build a new home or start a farm. The area is ideal for equestrians and outdoor enthusiasts. It is located close to Floral City, the Withlacoochee Bike Trail, springs for kayaking, the Gulf of Mexico for fishing, boating, and scalloping, golf courses, and hiking trails. The property includes parcels 2978678, 1704855, 2978708, and 1704448. The stated acreage and taxes include all four parcels.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom Garden Center Travel Agency Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Floral City
    County
    Citrus
    State
    Florida
    Longitude
    -82.366103
    Latitude
    28.675173

    Nearby Similar for Sale

    • $199,000

      Commercial Land on US 41

      Commercial property with high traffic and road frontage on US 41.
      5666 S FLORIDA AVENUE, FLORAL CITY, FL 34436
      View Details
    • $199,000

      Commercial Land on US 41

      Commercial property with high traffic and road frontage on US 41.
      5666 S Florida Avenue, Floral City, FL 34436
      View Details
    • $558,000
      1,278 SF

      Waterfront Multi-Home Floral City Opportunity

      Three homes on separate parcels with canal access to river.
      12881 E Big Buck Trail, Floral City, FL 34436
      View Details
    • $235,000

      Waterfront Lot with Boat Dock

      Open waterfront lot with boat dock in Floral City.
      7686 S CRESCENT LOOP, FLORAL CITY, FL 34436
      View Details
    • $35,000

      Corner Lot in Floral City

      Corner lot across from Floral City Park, 0.78 acre.
      9427 S Florida Avenue, Floral City, FL 34436
      View Details
    • $219,000
      1,440 SF

      Two Cottages in Floral City

      Two-house property near Church Lake and Flying Eagle Preserve.
      5530 S Perch Drive, Floral City, FL 34436
      View Details
    • $850,000

      Waterfront Land on Floral City

      2.60-acre waterfront lot on the Floral City Chain of Lakes.
      9248 E Gobbler Drive, Floral City, FL 34436
      View Details
    • $350,000
      2,658 SF

      Income-Producing Multi-Residential Property

      Income-generating multi-family property near Tsala Apopka Lake and Withlacoochee River.
      7545 S Old Oaks Drive, Floral City, FL 34436
      View Details
    • $550,000

      Prime Commercial Land in Floral

      12-acre commercial property in Floral City, Florida. Many opportunities!
      9319 S Florida Avenue, Floral City, FL 34436
      View Details
    • $550,000

      12-Acre Commercial Land in Floral City

      Large commercial property with GNC zoning in up-and-coming Citrus County.
      9319 S FLORIDA AVENUE, FLORAL CITY, FL 34436
      View Details
    • $325,000

      Floral City Land Opportunity

      19.74 acres of vacant land in Citrus County, Florida.
      12683 E Trails End Road, Floral City, FL 34436
      View Details
    • $599,900

      Prime Residential Development Land

      23.98-acre parcel in Floral City, Florida, zoned Medium Density Residential.
      8019 S Bedford Rd, Floral City, FL 34436
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 199+ acres of pastures, woods, and agricultural fields.
    Where is this agricultural land / farmland located?
    The property is located at 12884 South Pleasant Grove Road Floral City, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Over 199 acres of land in Citrus County, Florida.; Suitable for development, building a home, or starting a farm.; Combination of pastures, woods, and agricultural fields.
    (352) 848-5401
    We can help!
    Listing Contact
    Tracie Maler, PA
    Real Estate License ID: 3246734
    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

    Thank You for Inquiry
    12884 South Pleasant Grove Road, Floral City, FL 34436
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!