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

    11901 NE 150TH AVE ROAD, Fort Mc Coy, FL 32134

    View on Map
    Claim this Listing
    For Sale
    $355,950

    Land available east of Silver Springs BLVD.

    Type:Land
    Added:
    Oct 18, 2024
    Days on Market:
    597
    Last Refresh:
    Mar 16 at 9:03 am

    Property Features for 11901 NE 150TH AVE ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Owen Boone

    Listing agent Owen Boone License #3462050

    Listing office Foxfire Realty

    Listing date Oct 18, 2024

    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 Foxfire Realty

    HighLights

    • Located in Marion County
    • Property is East of Silver Springs BLVD
    • Property is North of Hwy 315
    • Located 2.1 miles from NE 105th Street
    • Property is located on NE 150th AVE RD
    • Entrance is past Circle S ranch

    Overview

    The land is located east of Silver Springs Boulevard. To reach the property, travel north on Highway 315, then turn right onto NE 105 Street for 2.1 miles, veering left onto NE 150th AVE RD. Continue on NE 150th AVE road for 2 miles. The entrance is on the right, past Circle S ranch. The property is located in Marion County.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mc Coy
    County
    Marion
    State
    Florida
    Longitude
    -81.919016
    Latitude
    29.325912

    Nearby Similar for Sale

    • $599,000
      912 SF

      Commercial Corner in Fort McCoy

      Commercial corner lot with road frontage in Fort McCoy, Florida.
      11471 E HIGHWAY 316, FORT MC COY, FL 32134
      View Details
    • $1,500,000
      3,540 SF

      Turnkey Resort on Ocklawaha River

      Fully operational outdoor hospitality business on nearly 8 acres.
      15260 NE 152ND PLACE, FORT MC COY, FL 32134
      View Details
    • $52,000

      Land Near Little Lake Kerr

      Deeded lot near Ocala National Forest and Little Lake Kerr.
      25163 NE 140TH LOOP NE, FORT MC COY, FL 32134
      View Details
    • $79,999

      Resort Lot in Salt Springs

      Deeded lot in gated Salt Springs Resort, Ocala National Forest.
      14415 252ND COURT ROAD NE, FORT MC COY, FL 32134
      View Details
    • $83,500

      Land in Salt Springs Resort

      Deeded lot in gated Salt Springs Resort, Ocala National Forest.
      14432 252ND COURT ROAD NE, FORT MC COY, FL 32134
      View Details
    • $53,000

      Land in Salt Springs Resort

      Deeded lot in a gated resort near Ocala National Forest.
      25188 NE 142ND PLACE, FORT MC COY, FL 32134
      View Details
    • $50,000

      RV Lot in Salt Springs

      Deeded RV lot in gated Salt Springs Resort.
      25238 NE 144TH STREET, FORT MC COY, FL 32134
      View Details
    • $130,000

      Spacious Resort Lot in Florida

      Large deeded lot with amenities near Ocala and Daytona.
      14262 NE 252ND COURT ROAD, FORT MC COY, FL 32134
      View Details
    • $599,000
      912 SF

      Commercial Corner Lot in McCoy

      Commercial corner lot with road frontage in Fort McCoy, Florida.
      11471 E Highway 316, Fort Mc Coy, FL
      View Details
    • $80,000

      Spacious RV Lot with Amenities

      Large RV lot with deck, shed, and resort amenities.
      14403 252ND COURT ROAD NE, FORT MC COY, FL 32134
      View Details
    • $56,500

      Resort Lot near Lake Kerr

      Deeded lot with RV in Salt Springs Resort.
      14114 252ND TERRACE ROAD NE, FORT MC COY, FL 32134
      View Details
    • $995,000
      9,490 SF

      Prominent Retail Location on Highway

      Retail property with long-term tenant near main intersection.
      14823 NE Hwy 315, Fort McCoy, FL
      View Details

    FAQs

    What type of property is this?
    Land - Land available east of Silver Springs BLVD.
    Where is this land located?
    The property is located at 11901 NE 150TH AVE ROAD Fort Mc Coy, FL.
    What is the asking price?
    The asking price for this property is $355,950.
    What are key features of this property?
    This property features: Located in Marion County; Property is East of Silver Springs BLVD; Property is North of Hwy 315
    (352) 804-3314
    We can help!
    Listing Contact
    Owen Boone
    Real Estate License ID: 3462050
    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
    11901 NE 150TH AVE ROAD, FORT MC COY, FL 32134
    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!