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    Lake-View Bluff Agricultural Lot Title is generated by Realmo AI

    151 EDDIE FLOOD ROAD, Frostproof, FL 33843

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    Claim this Listing
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    For Sale
    $125,000

    Land - FROSTPROOF, FL

    Lot size:
    0.84 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 151 EDDIE FLOOD ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Pets allowed
    Yes
    Standard status
    Active
    APN
    28-31-21-962201-000050
    Lot size
    0.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    273.86

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Estelle Sullivan
    Estelle Sullivan

    Listing agent Estelle Sullivan License #348503

    Listing office ESTELLE SULLIVAN REALTY, LLC 109 N Scenic Hwy, Frostproof, FL

    Listing date Jun 4, 2026

    MLS# K4903543 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • .84‑acre lot overlooking Lake Moody from a high elevation/bluff with scenic views
    • 100 ft wide lot with agricultural electric well for gardening, planting fruit trees, and more
    • County paved and maintained road just off Scenic Hwy (S.R. 17)
    • Located about 5 miles off Hwy 27 for access to north and south cities
    • About 15 miles to Hwy 60 (east to west coast) and about 1.5 hours to major attractions
    • Southern Lake Moody location suitable for growing crops such as citrus, mango, avocado, grapes, and sour sop

    Overview

    This offering is a 0.84-acre agricultural lot with a bluff-style high elevation and scenic views overlooking Lake Moody and the surrounding area. The property is described as approximately 100 feet wide. An agricultural electric well is on site and may be used for gardening, planting fruit trees, or other plant-related uses.

    The lot is accessed via a county paved and maintained road, located just off Scenic Hwy (S.R. 17). The road alignment is described as running north to Babson Park and Lake Wales and south to Frostproof and Highlands County. The property is also described as about 5 miles off Hwy 27, about 15 miles to Hwy 60, and roughly 1.5 hours to major attractions.

    For buyers seeking an agricultural-minded homesite, the combination of a high elevation overlook and on-lot agricultural electric well supports residential garden and planting plans. The listing notes southern exposure associated with Lake Moody, which the seller ties to favorable growing conditions for a variety of crops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Frostproof
    County
    Polk
    State
    Florida
    Longitude
    -81.528008
    Latitude
    27.774179

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    FAQs

    What type of property is this?
    Residential land & home lot - Build on a high-elevation lot overlooking Lake Moody, with an agricultural electric well for gardening and planting.
    Where is this residential land & home lot located?
    The property is located at 151 EDDIE FLOOD ROAD Frostproof, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: .84‑acre lot overlooking Lake Moody from a high elevation/bluff with scenic views; 100 ft wide lot with agricultural electric well for gardening, planting fruit trees, and more; County paved and maintained road just off Scenic Hwy (S.R. 17)
    (863) 632-2062
    We can help!
    Listing Contact
    Estelle Sullivan
    Estelle Sullivan
    Real Estate License ID: 348503
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    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.

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