Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    County Road 48 W BELT AVENUE Bushnell, FL 33513

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Commercial land available on County Road 48 in Bushnell, Florida.

    Added:
    May 11, 2018
    Days on Market:
    2900
    Last Refresh:
    Mar 18 at 1:17 pm

    Property Features for County Road 48 W BELT AVENUE

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Joel Merritt

    Listing agent Joel Merritt License #191625

    Listing office SUMTER REALTY

    Listing date May 11, 2018

    Source Evrealestate

    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 SUMTER REALTY

    Overview

    Land on County Road 48

    This commercial land is located on the south side of County Road 48, less than one half mile east of I-75 and CR 48 in Bushnell, Sumter County, Florida.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Bushnell
    County
    Sumter
    State
    Florida
    Longitude
    -82.1120219
    Latitude
    28.6687619

    Nearby Similar for Sale

    • $714,513
      2,167 SF

      Bushnell Acreage with Log Cabin

      6.7-acre retreat with a handcrafted log cabin and equestrian facilities.
      4292 SW 73 TRAIL, BUSHNELL, FL 33513
      View Details
    • $375,000

      10 Acres in Bushnell, Florida

      10-acre property in Bushnell, Florida with flexible development opportunities.
      3936 CR 311, BUSHNELL, FL 33513
      View Details
    • $950,000
      1,709 SF

      Spacious 10-Acre Bushnell Estate

      10-acre estate with a 2,040 sq ft residence and barn.
      4430 CR 542H, BUSHNELL, FL 33513
      View Details
    • $325,000

      Scenic 10-Acre Homesite in Bushnell

      High elevation homesite with views, wildlife, and potential grazing.
      SW 70TH TER, BUSHNELL, FL 33513
      View Details
    • $65,000

      Generously Sized Corner Lot

      Corner lot in growing area with convenient access to major routes.
      5528 S US 301, BUSHNELL, FL 33513
      View Details
    • $14,999

      Vacant Lot in Desirable Neighborhood

      0.34 acre lot near shopping, dining, and major highways.
      9111 CR 622, BUSHNELL, FL 33513
      View Details
    • $7,900,000

      15.25-Acre Industrial Development Site

      Industrial-zoned land off I-75 near The Villages.
      2623 W C 48, Bushnell, FL 33512
      View Details
    • $1,499,000

      Spacious Land Parcel with Home

      40-acre parcel near I-75, suitable for residential or agricultural use.
      5505 CR 634S, BUSHNELL, FL 33513
      View Details
    • $15,000

      Undeveloped Land in Bushnell, Florida

      Vacant 3-acre land parcel in Royal Crest Estates area.
      BOITNOTT LANE, BUSHNELL, FL 33513
      View Details
    • $320,000

      Prime Country Land in BUSHNELL

      10+ acres of land perfect for homestead or agriculture.
      CR 635, BUSHNELL, FL 33513
      View Details
    • $350,000

      Ten Acre Bushnell Land Parcel

      10 acres in Sumter County near major thoroughfares.
      000000- Cr 614A, BUSHNELL, FL 33513
      View Details
    • $120,000

      Corner Parcel on US 301

      1.31-acre corner parcel with high visibility and accessibility.
      Tbd US 301, BUSHNELL, FL 33513
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on County Road 48 in Bushnell, Florida.
    Where is this commercial land located?
    The property is located at County Road 48 W BELT AVENUE Bushnell, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Located in Sumter County; Built in 1961; Easy access from I‑75 and CR 48
    (352) 303-0435
    We can help!
    Listing Contact
    Joel Merritt
    Real Estate License ID: 191625
    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!