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    Motocross Track Ready Property Title is generated by Realmo AI

    203 Southwest Pigeon Court, Fort White, FL 32038

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    For Sale
    $225,000

    10.79-acre property with established motocross track near recreational areas.

    Type:Land
    Lot size:
    10.79 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    71
    Last Refresh:
    Mar 27 at 8:09 pm

    Property Features for 203 Southwest Pigeon Court

    General Information

    Standard status
    Active
    Lot size
    10.79 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Dawne Nuri
    Dawne Nuri

    Listing agent Dawne Nuri License #3167045

    Listing office Coldwell Banker M.M. Parrish Realtors

    Listing date Mar 27, 2026

    Source Compass

    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 Coldwell Banker M.M. Parrish Realtors

    HighLights

    • Private 10.79‑acre property with nearly one mile of established motocross track designed for intermediate to advanced riders.
    • Eliminates travel time to riding locations, allowing for convenient and flexible riding schedules.
    • Newer 12'x30' storage building with electrical service and a well on‑site.
    • Ample space to establish a homesite or weekend base for staying on the property.
    • Convenient access to outdoor recreational areas including the Suwannee River, Ichetucknee Springs State Park, and Rum Island Park.
    • Easy access to High Springs (15 minutes), Gainesville (45 minutes), and I‑75.

    Overview

    This 10.79-acre property in Fort White, Columbia County, Florida, features nearly one mile of an established motocross track. The track is designed to maximize ride time and flow across the property, including spaced jumps, berms, straights, and a "fun box," creating sections designed for progression, timing, and controlled riding. The track has been used by a family of competitive riders and offers an intermediate to advanced riding environment, supporting both consistent training and everyday riding. While designed for motocross, the layout may also appeal to 4-wheelers or similar off-road vehicles. This is a private riding environment intended for personal use and not a commercial or public track. A newer 12'x30' storage building provides space for equipment and gear with active electrical service, and there is also a well onsite. There is ample space to set up a homesite or weekend base. The property offers access to the Suwannee River, Ichetucknee Springs State Park, and Rum Island Park, known for boating, fishing, swimming, and tubing. It is approximately 15 minutes to High Springs and about 45 minutes to Gainesville for medical services, shopping, restaurants, and employment, including UF and UF Health and Malcom Randall VA Hospital. Convenient access to I-75 allows for straightforward travel north or south to surrounding areas.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort White
    County
    Columbia
    State
    Florida
    Longitude
    -82.6523875
    Latitude
    29.9071578

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    FAQs

    What type of property is this?
    Recreation land - 10.79-acre property with established motocross track near recreational areas.
    Where is this recreation land located?
    The property is located at 203 Southwest Pigeon Court Fort White, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Private 10.79‑acre property with nearly one mile of established motocross track designed for intermediate to advanced riders.; Eliminates travel time to riding locations, allowing for convenient and flexible riding schedules.; Newer 12'x30' storage building with electrical service and a well on‑site.
    (352) 284-7646
    We can help!
    Listing Contact
    Dawne Nuri
    Dawne Nuri
    Real Estate License ID: 3167045
    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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