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

    190 PETTIT ROAD Crescent City, FL 32112

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,000

    Secluded 14-acre property near Crescent Lake, Florida.

    Type:Lots/Land
    Lot size:
    13.83 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 6 at 2:13 am

    Property Features for 190 PETTIT ROAD

    General Information

    Standard status
    Active
    Lot size
    13.83 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Eric Spedding
    Eric Spedding

    Listing agent Eric Spedding License #3447891

    Listing office STAR BAY REALTY CORP.

    Listing date Mar 24, 2026

    Source Exitrealty

    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 STAR BAY REALTY CORP.

    Overview

    Crescent Lake 14-Acre Retreat

    This 14-acre property is located near Crescent Lake. The land features a mix of tall mature pines, low-lying palmettos, and expanses of tall grasses. Trails wind through the property. A 2-acre cleared area is accessible via a long driveway clearing that connects to the frontage via a new gate. The land sits high and dry and is located in Flood Zone X. There are no restrictions in this location and there is no HOA. The property is located 5 miles from Crescent City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Department Store Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crescent City
    County
    Putnam
    State
    Florida
    Longitude
    -81.564155
    Latitude
    29.4964096

    Nearby Similar for Sale

    • $949,000
      3,290 SF

      Downtown Crescent City Commercial Opportunity

      Former bank building with drive-through in high-traffic area.
      350 N SUMMIT Street, Crescent City, FL 32112
      View Details
    • $275,000
      7,500 SF

      Highway 17 Commercial Building

      7,500 SF mixed-use building on Highway 17 in Florida.
      111 N SUMMIT STREET, CRESCENT CITY, FL 32112
      View Details
    • $275,000
      7,504 SF

      Highway 17 Commercial Building

      7,500 SF building with showroom and warehouse space.
      111 N Summit Street, Crescent City, FL 32112
      View Details
    • $29,700

      Crescent City Land with Waterviews

      Residential land with waterviews, suitable for various housing types.
      217 HANSELMAN Avenue, Crescent City, FL 32112
      View Details
    • $384,900

      Crescent City Land Opportunity

      8.5 acres of agricultural land in Crescent City, Florida.
      460 Old Highway 17, Crescent City, FL 32112
      View Details
    • $7,490

      Residential Lot Near Lake Crescent

      Quarter-acre residential lot near Lake Crescent in Crescent City.
      211 WARD AVENUE, CRESCENT CITY, FL 32112
      View Details
    • $589,900

      Highway Frontage Development Land

      8.21 acres with highway frontage, ripe for development.
      213 CLIFTON ROAD, CRESCENT CITY, FL 32112
      View Details
    • $74,999

      6.8 Acres Near Moon Lake

      Two adjacent lots totaling 6.8 acres near Moon Lake.
      Lots 11 & 21 STARDUST BOULEVARD, CRESCENT CITY, FL 32112
      View Details
    • $118,900

      Crescent City Land Opportunity

      0.91 acres in a growing area near new school.
      1250 HUNTINGTON ROAD, CRESCENT CITY, FL 32112
      View Details
    • $19,900

      Crescent City Corner Lot

      Centrally located 0.41 acre corner lot near Crescent Lake.
      601 CITRON Avenue, Crescent City, FL 32112
      View Details
    • $29,900

      Buildable Lot Near Crescent Lake

      Buildable 0.5-acre lot near Crescent Lake in Crescent City, FL.
      203 Crescent Lake Shore Dr, Crescent City, FL 32112
      View Details
    • $140,000

      Waterfront Lot on St. Johns

      Buildable waterfront lot with St. Johns River access.
      142 Hicks Ave, Crescent City, FL 32112
      View Details

    FAQs

    What type of property is this?
    Land - Secluded 14-acre property near Crescent Lake, Florida.
    Where is this land located?
    The property is located at 190 PETTIT ROAD Crescent City, FL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 14‑acre property offering seclusion and natural beauty near Crescent Lake.; Land is high and dry, located in Flood Zone X.; No HOA or restrictions, allowing freedom in development.
    (813) 533-6467
    We can help!
    Listing Contact
    Eric Spedding
    Eric Spedding
    Real Estate License ID: 3447891
    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!