Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Lake Lotela Title is generated by Realmo AI

    1570 East Canfield Street, Avon Park, FL 33825

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Almost 10 AC lot near Lake Lotela and Angelo.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    Dec 19, 2024
    Days on Market:
    529
    Last Refresh:
    Mar 13 at 1:46 pm

    Property Features for 1570 East Canfield Street

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lia Lin
    Lia Lin

    Listing agent Lia Lin License #3596978

    Listing office SUNRISE REALTY GROUP LLC

    Listing date Dec 19, 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 SUNRISE REALTY GROUP LLC

    HighLights

    • Almost 10 AC lot size
    • Near Lake Lotela
    • Near Lake Angelo
    • Surrounded by several residential developments
    • Living Area Units: Square Feet
    • No Pool

    Overview

    This property consists of an almost 10 AC lot situated near Lake Lotela and Lake Angelo. The surrounding area features several residential developments.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Food Market Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon Park
    County
    Highlands
    State
    Florida
    Longitude
    -81.472546
    Latitude
    27.591033

    Nearby Similar for Sale

    • $799,000
      4,020 SF

      Corner Lot Commercial Building

      High-visibility commercial building on U.S. Hwy 27 in Avon Park.
      1659 Us Highway 27 N, Avon Park, FL 33825
      View Details
    • $1,900,000
      16,202 SF

      Commercial Building in Growing Area

      Three commercial buildings on 1.10 acres in vibrant Avon Park.
      43 E Main St, Avon Park, FL 33825
      View Details
    • $147,500
      1,200 SF

      Downtown Avon Park Retail Opportunity

      Commercial retail property in high-traffic downtown location.
      15 S VERONA AVENUE, AVON PARK, FL 33825
      View Details
    • $325,000

      Avon Park Commercial Land Parcel

      High-visibility commercial land parcel in a growing Florida market.
      1102 US HIGHWAY 27 S, AVON PARK, FL 33825
      View Details
    • $449,900

      Historic Avon Park Mixed-Use Property

      Well-maintained mixed-use property in Avon Park's vibrant downtown.
      930 W MAIN St, Avon Park, FL 33825
      View Details
    • $345,000
      3,930 SF

      New Construction in Avon Park

      Under construction, 3,930 sq ft in the heart of Avon Park.
      313 E Washington St, Avon Park, FL 33825
      View Details
    • $487,000

      Prime Commercial Land Opportunity

      2.65 acres of commercial land ready for development.
      2161 US 27 N, Avon Park, FL 33825
      View Details
    • $500,000

      Waterfront Lot on Little Red Water

      Spectacular 4.8-acre waterfront lot with 992 feet of lakefront.
      2916 Holiday Beach Dr, Avon Park, FL 33825
      View Details
    • $695,000
      1,128 SF

      Avon Park Industrial Property US27

      2.56 acres with office, warehouse, and frontage on US27.
      2508 US Highway 27 N., Avon Park, FL 33825
      View Details
    • $249,900

      Lakefront Land on Lake Lotela

      Two acres of lakefront land with 420 feet frontage.
      480 E Lakeview Drive, Avon Park, FL 33825
      View Details
    • Contact for pricing

      New Wawa Ground Lease Opportunity

      2.61-acre parcel with a new 20-year ground lease.
      1598 US-27, Avon Park, FL
      View Details
    • $1,475,000
      4,440 SF

      Equestrian Property with Income Potential

      10.39 acre equestrian property with boarding income potential in Avon Park.
      3046 N BOWDEN Rd, Avon Park, FL 33825
      View Details

    FAQs

    What type of property is this?
    Land - Almost 10 AC lot near Lake Lotela and Angelo.
    Where is this land located?
    The property is located at 1570 East Canfield Street Avon Park, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Almost **10 AC lot size**; Near Lake Lotela; Near Lake Angelo
    (909) 706-5460
    We can help!
    Listing Contact
    Lia Lin
    Lia Lin
    Real Estate License ID: 3596978
    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
    1570 East Canfield Street, Avon Park, FL 33825
    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!