Agricultural Land with Metal
For Sale
$599,000
19100 County Road 33 Groveland FL 34736, Groveland, FL 34736
46.25 acres across two parcels with two metal buildings, offering two building sites with AG zoning.
Property Size5,580 SF
Lot Size46.25 Acres
Price / SF$107.35
Days on Market35
Property Features for 19100 County Road 33 Groveland FL 34736
General Information
Standard status
Active
Size
5,580 SF
Lot size
46.25 Acres
Property subtype
Land
Zoning
AG
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
REALTEAM REALTY INC.
(352) 267-6216
Listed By:
Trish Leisner · License #3185853
Source:
Search.flamingore
Added: Jul 10
Changed: Jul 11
Last Checked: Aug 12 at 3:24AM
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 REALTEAM REALTY INC.
Investment Insights
Based on property information with market context.
This offering consists of 46.25 acres split into two separate parcels, each identified as a building site contingent upon required setbacks. The property includes two fairly new metal buildings, one at approximately 3,480 square feet and a second at approximately 2,100 square feet. The land is fenced with newly installed wire fencing on most of the acreage and features a mix of higher, drier ground along with areas identified as wetlands.
The front of the property includes approximately 570 feet of County Road 33 frontage, supported by a recent survey. Lake County has confirmed the parcels as building sites, though buyers must verify suitability and setbacks. The southern parcel is about 34 acres and contains the buildings, while the northern parcel is about 11.66 acres and includes the well and an island area overlooking the lake.
Zoned AG, the property supports a range of agricultural and related uses as stated by the seller, including farming and livestock, a plant nursery, roadside farm stand, and options such as agritourism, bed and breakfast, family day care, and a vet clinic. The lake is a Grassy Lake and is described as fishable, with the island presented as a potential private home site, subject to buyer verification.
The front of the property includes approximately 570 feet of County Road 33 frontage, supported by a recent survey. Lake County has confirmed the parcels as building sites, though buyers must verify suitability and setbacks. The southern parcel is about 34 acres and contains the buildings, while the northern parcel is about 11.66 acres and includes the well and an island area overlooking the lake.
Zoned AG, the property supports a range of agricultural and related uses as stated by the seller, including farming and livestock, a plant nursery, roadside farm stand, and options such as agritourism, bed and breakfast, family day care, and a vet clinic. The lake is a Grassy Lake and is described as fishable, with the island presented as a potential private home site, subject to buyer verification.
Key Highlights
- 46.25 acres across 2 parcels with AG zoning and Lake County‑confirmed building sites (setbacks to be verified by buyer).
- Two metal buildings included: 3,480 SF and 2,100 SF.
- CR 33 frontage with approximately 570' along the property.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,851
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,020
$757.0K
Cap Rate 7%
$540,729
$540.7K
Cap Rate 9%
$420,567
$420.6K
Market Conditions
NOI Build-Up for 5,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $8.76/SF
− Vacancy
−$4.4K −$0.78/SF
EGI
$44.5K $7.98/SF
− OpEx
−$6.7K −$1.20/SF
NOI
$37.9K $6.78/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$757,020
Cap Rate 7%
$540,729
Cap Rate 9%
$420,567
Alternative Uses
Best Use
Warehouse
$540.7K
$473.1K – $630.9K
NOI $37,851 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,154 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 34736, FL
24,679
Population
10,029
Households
2.5
Avg Household Size
41
Median Age
32%
College-Educated
87%
High-School Grad
115.0 sq mi
ZIP Area
215
Density / Sq Mi
$82,478
Median Household Income
$42,322
Median Earnings
$1,535
Median Rent
$335,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - 46.25 acres across two parcels with two metal buildings, offering two building sites with AG zoning.
Where is this agricultural land / farmland located?
The property is located at 19100 County Road 33 Groveland FL 34736 Groveland, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 46.25 acres across 2 parcels with AG zoning and Lake County‑confirmed building sites (setbacks to be verified by buyer).; Two metal buildings included: 3,480 SF and 2,100 SF.; CR 33 frontage with approximately 570' along the property.
