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

    TBD 198TH TRAIL O Brien, FL 32071

    View on Map
    Claim this Listing
    New
    For Sale
    $149,000

    Residential Lot, Residential - OBrien, FL

    Type:Single Family Residence
    Lot size:
    2.30 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 30 at 9:06 am

    Property Features for TBD 198TH TRAIL

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    ESF1
    Exterior features
    Community Feature: River Access, Community Feature: River Community
    Standard status
    Active
    Lot size
    2.30 Acres

    Utilities

    Water front features
    River, River: Suwannee, River Access, River Community

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Senea
    Amanda Senea

    Listing agent Amanda Senea License #3333839

    Listing office POOLE REALTY INC. 127 E. HOWARD ST, Live Oak, FL

    Listing date Apr 29, 2026

    MLS# 131242 Listing URL

    Copyright © 2026 Lake City Board 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.

    Overview

    Suwannee Riverfront Residential Lot

    This is a 2.3-acre residential lot located in OBrien, FL. The property features over 200 feet of frontage on the historic Suwannee River, offering views of the river. The land has been cleared and is ready for construction. It is located less than half a mile from Royal Springs. The area is known for cave diving, with nearby springs attracting divers.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    O Brien
    County
    Suwannee
    State
    Florida
    Longitude
    -83.070679
    Latitude
    30.083542

    Nearby Similar for Sale

    • $320,000

      40 Acres Near Suwannee River

      40-acre tract ideal for building, farming, or recreation.
      TBD 192ND STREET (NORTH), OBrien, FL 32071
      View Details
    • $545,628

      4.1 Acres Zoned Recreational Activity

      4.1 acres in O'Brien, Florida, zoned Recreational Activity Center.
      00 US HWY 129, OBrien, FL 32071
      View Details
    • $435,000

      Suwannee Riverfront Acreage in O'Brien

      17.55 acres with 360 feet of Suwannee River frontage.
      204th Pl, O'brien, FL 32071
      View Details
    • $45,000

      Two-Acre Lot Near Suwannee River

      Two-acre lot with Suwannee River access in O'Brien, Florida.
      LOT29 218TH TER, OBrien, FL 32071
      View Details
    • $48,000

      Residential Lots in Suwannee Heights

      3 acres of residential lots, manufactured homes allowed.
      000 224TH ST., OBrien, FL 32071
      View Details
    • $45,000

      2.3-Acre Lot Near Suwannee River

      2.3-acre lot with Suwannee River access in O'Brien, FL.
      LOT30 218TH TER, OBrien, FL 32071
      View Details
    • $38,000

      Residential Lot Near Suwannee River

      0.93-acre lot with river access in Suwannee County.
      TBD 109TH DR, OBrien, FL 32071
      View Details
    • $40,000

      Acreage in Equestrian-Friendly Community

      4.56 acres in O'brien, FL, ideal for custom home.
      TBD 00 194th Place, O'brien, FL 32071
      View Details
    • $64,900

      Wooded Acreage with No Restrictions

      5 acres of wooded land, residential and agricultural uses allowed.
      TBD 208TH STREET, OBrien, FL 32071
      View Details
    • $75,000

      9.55 Acres Wooded Residential Lot

      9.55-acre wooded lot in O'Brien, FL, near Suwannee River.
      LT 14 194TH PL, OBrien, FL 32071
      View Details
    • $75,000

      Wooded Residential Lot in O'Brien

      4-acre wooded lot suitable for residential or manufactured homes.
      00 119TH DR, OBrien, FL 32071
      View Details
    • $23,000

      Wooded Lot Near Suwannee River

      One-acre wooded lot near the Suwannee River.
      TBD N CR 349, OBrien, FL 32071
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.3-acre lot with 200+ feet of Suwannee River frontage.
    Where is this waterfront land located?
    The property is located at TBD 198TH TRAIL O Brien, FL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: 2.3‑acre property with over 200 feet of Suwannee River frontage.; Land is cleared and ready for building.; Located less than half a mile from Royal Springs.
    (386) 249-1640
    We can help!
    Listing Contact
    Amanda Senea
    Amanda Senea
    Real Estate License ID: 3333839
    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!