Building Details

Year Built 1938

Listing Agency: COASTAL VENTURES REAL ESTATE

Listed By: Ashley Flatley · License #3361969 Show Phone

Source: Chenoregroup

Added: Aug 17 Changed: Oct 14 Last Checked: Oct 7 at 5:29PM

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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 COASTAL VENTURES REAL ESTATE

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Investment Insights

Based on property information with market context.

This 18.23-acre waterfront property in Weirsdale includes access to the Harris Chain of Lakes and the Silver River. The site is approximately 20 minutes from The Villages and is positioned for marina, tourism, short-term rental, or mixed-use development concepts.

Planned improvements include two mobile homes, six cabins, and seven RV spaces with full hookups. Additional components include a food truck, bathroom trailer, bar and entertainment area, live-event stage, private boat launch, and 15 boat slips. The property also includes a structure associated with 1938.

Key Highlights

• 18.23± acres of waterfront property in Weirsdale, Florida
• Access to the Harris Chain of Lakes and the Silver River
• Planned accommodations include two mobile homes and six cabins

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,505

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,690,100 $1.7M

Cap Rate 7%

$1,207,214 $1.2M

Cap Rate 9%

$938,944 $938.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,729 SF

Gross rent

$147.8K $21.96/SF

− Vacancy

−$12.6K −$1.87/SF

EGI

$135.2K $20.09/SF

− OpEx

−$50.7K −$7.54/SF

NOI

$84.5K $12.56/SF

Area

Marion County, FL

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,690,100

Cap Rate 7%

$1,207,214

Cap Rate 9%

$938,944

Alternative Uses

Best Use

Mixed Use

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,505 @ 7.0% cap · market cap 4.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.67M

$3.22M – $4.29M (±1% cap)

NOI $257,218 @ 7.0% cap · market cap 13.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jay D Birds ... Restaurant

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Restaurant Department Store Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 32195, FL

3,462

Population

1,591

Households

2.2

Avg Household Size

52

Median Age

11%

College-Educated

85%

High-School Grad

24.4 sq mi

ZIP Area

142

Density / Sq Mi

$61,771

Median Household Income

$40,500

Median Earnings

$147,500

Median Home Value

Frequently Asked Questions

What type of property is this?

Marina - Planned accommodations, RV spaces, boat slips, and event facilities support marina, tourism, and mixed-use concepts.

Where is this marina located?

The property is located at 19240 SE Highway 42 Weirsdale, FL.

What is the asking price?

The asking price for this property is $1,894,999.

What are key features of this property?

This property features: 18.23± acres of waterfront property in Weirsdale, Florida; Access to the Harris Chain of Lakes and the Silver River; Planned accommodations include two mobile homes and six cabins