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    Waterfront Investment Opportunity in Weirsdale Title is generated by Realmo AI

    19240 SE Highway 42, Weirsdale, FL 32195

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    For Sale
    Under Contract
    $1,894,999

    COMMERCIAL - Weirsdale, FL

    Property size:
    6,729 SF
    Lot size:
    18.23 Acres
    Price / SF:
    $281/SF
    Added:
    Jan 14, 2026
    Days on Market:
    122
    Last Refresh:
    May 16 at 3:06 am

    Property Features for 19240 SE Highway 42

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Active Under Contract
    APN
    50653-000-00
    Size
    6,729 SF
    Lot size
    18.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEC 20 TWP 17 RGE 25 THAT PT OF SW 1/4 OF SW 1/4 LYING S OF HWY 42 EXC W 175 FT EXC COM AT THE SE COR OF SW 1/4 OF SW 1/4 OF SEC 20 TH N 295.52 FT TO THE POB TH N 311.67 FT TH S 74-24-19 W 83.
    Tax Annual Amount
    22319

    Utilities

    Water front features
    Navigable Water, River Access, River Front
    Water front
    1

    Building Details

    Year built
    1938

    We can help!

    Listing Contact
    Sherry Johnson

    Listing agent Sherry Johnson

    Listing office Coastal Ventures Real Estate LLC 7 Spanish Pine Way, Daytona Beach Shores, FL

    Listing date Jan 14, 2026

    MLS# 1221701

    Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 18.23‑acre waterfront property with access to the Harris Chain of Lakes and Silver River.
    • Income‑producing property featuring two mobile homes, six cabins, and eleven RV spaces with full hookups.
    • Potential for tourism, marina use, short‑term rentals, or mixed‑use development.
    • Includes a food truck, bar and entertainment area, and stage for live events.
    • Features a private boat launch and 15 boat slips.
    • Located approximately 20 minutes from The Villages, Florida.

    Overview

    This 18.23-acre waterfront property is located approximately 20 minutes from The Villages, Florida. It offers a combination of income-producing assets, recreational amenities, and future development potential. The property provides access to the Harris Chain of Lakes and the Silver River, making it suitable for tourism, marina use, short-term rentals, or mixed-use development. The property includes two mobile homes, six cabins, and eleven RV spaces with full hookups, creating multiple revenue streams. Additional improvements include a food truck, bar and entertainment area, a stage for live events, and a private boat launch. The waterfront component features 15 boat slips, catering to boating and fishing enthusiasts. The property is located in Weirsdale, Florida.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $1.09M
    NOI $97,792 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.40M
    NOI $97,792 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.96M
    NOI $97,792 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $189.8k $28.20
    − Vacancy −$12.0k −$1.78
    EGI $177.8k $26.42
    − OpEx −$80.0k −$11.89
    NOI $97.8k $14.53
    6,729 SF · lease $28.20/SF/yr · vacancy 6.30% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,792 @ 7.0% cap · market cap 5.16%
    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 local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jay D Birds ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Weirsdale
    County
    Marion
    State
    Florida
    Longitude
    -81.8397
    Latitude
    28.990159

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    FAQs

    What type of property is this?
    Campground - 18.23-acre waterfront property with income-producing assets and development potential.
    Where is this campground 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‑acre waterfront property with access to the Harris Chain of Lakes and Silver River.; Income‑producing property featuring two mobile homes, six cabins, and eleven RV spaces with full hookups.; Potential for tourism, marina use, short‑term rentals, or mixed‑use development.
    (407) 451-6970
    We can help!
    Listing Contact
    Sherry Johnson
    Learn More
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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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