Waterfront Marina
For Sale
$1,894,999
19240 SE Highway 42, Weirsdale, FL 32195
Planned accommodations, RV spaces, boat slips, and event facilities support marina, tourism, and mixed-use concepts.
Property Size6,729 SF
Price / SF$281.62
Days on Market17
Property Features for 19240 SE Highway 42
General Information
Standard status
Active
Size
6,729 SF
Building Details
Year Built
1938
Listing Agency:
COASTAL VENTURES REAL ESTATE
Listed By:
Ashley Flatley · License #3361969
(904) 315-8547
Source:
Chenoregroup
Added: Aug 17
Changed: Aug 31
Last Checked: Sep 1 at 9:12PM
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
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.
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 = 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
$84,505
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
4.46%
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%
$1,690,100
$1.7M
Cap Rate 7%
$1,207,214
$1.2M
Cap Rate 9%
$938,944
$938.9K
Market Conditions
NOI Build-Up for 6,729 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
$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 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%
$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
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
NOI $257,218 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
