Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Lot with Water View Title is generated by Realmo AI

    2191 E 98 Highway, Lanark Village, FL 32323

    View on Map
    Claim this Listing
    For Sale
    $69,900

    LAND - Lanark, FL

    Lot size:
    0.14 Acres
    Added:
    Oct 16, 2024
    Days on Market:
    571
    Last Refresh:
    May 9 at 10:06 pm

    Property Features for 2191 E 98 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    12037-14-07S-04W-3131-000H-0180
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Joseph Adams

    Listing agent Joseph Adams License #649457

    Listing office Hill Spooner & Elliott Inc 1390 Timberlane Road, Tallahassee, FL

    Listing date Oct 16, 2024

    MLS# 378244 Listing URL

    Copyright © 2026 Tallahassee 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.

    HighLights

    • Gulf View Lot: Opportunity to build a home with a water view of Dog Island.
    • Cleared Lot: The lot is already cleared, saving time and expense.
    • Sewer & Water On‑Site: Public sewer and water connections are readily available.
    • Builder On‑Site: The owner is a builder and can construct a home to suit your needs.
    • Customizable Floor Plans: Ability to customize different floor plans.
    • Ideal Location: Coordinates provided for precise location details.

    Overview

    This 0.14-acre lot in Lanark, Florida, offers a water view of Dog Island. The property is cleared and has sewer and water connections available on site. The intended use is for residential construction, with the potential to build a custom Gulf View home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lanark Village
    County
    Franklin
    State
    Florida
    Longitude
    -84.6071737
    Latitude
    29.8740631

    Nearby Similar for Sale

    • $180,000

      Lanark Village Bayfront Property

      Bayfront property zoned commercial/residential, near golf, forest, and beaches.
      2222 Hwy 98 E lot: 12-V, Lanark Village, FL 32322
      View Details
    • $39,900

      Lanark Village Land For Sale

      Partially cleared lot near beaches and parks, owner financing available.
      2245 Oak St, Lanark Village, FL 32322
      View Details
    • $40,000

      Lanark Village Coastal Home Lot

      Desirable lot near shoreline, ideal for coastal home.
      138 Illinois Street, Lanark Village, FL 32322
      View Details
    • $98,900

      Lanark Village Residential Lot Package

      Vacant residential lots near Gulf, ideal for future build.
      154 Delaware St, Lanark Village, FL 32323
      View Details
    • $32,000

      Lanark Village Coastal Lot

      Residential lot in Lanark Village, close to the bay.
      150 Kansas St, Lanark Village, FL 32323
      View Details
    • $30,000

      Land in Lanark Village, FL

      Land available in Lanark Village, Florida, with utilities access.
      2515 Oleander Ter, Lanark Village, FL 32323
      View Details
    • $75,000

      Lanark Village Land Opportunity

      Land for sale in Lanark Village, steps from Apalachicola Bay.
      139 Connecticut St, Lanark Village, FL 32323
      View Details
    • $135,000

      Waterfront Lot with Bay Views

      0.38-acre waterfront lot in Lanark Village, Florida.
      3202 Hwy 98 E, Lanark Village, FL 32323
      View Details
    • $47,000

      Lanark Village Acreage for Sale

      1.5-acre lot in Lanark Village, ready for your dream home.
      221 Franklin St, Lanark Village, FL 32323
      View Details
    • $130,000

      Lanark Village Bay View Lot

      0.28 acre lot with bay views in Lanark Village.
      HWY 98, Lanark Village, FL 32323
      View Details
    • $42,000

      Lanark Village Buildable Coastal Lot

      Cleared .33-acre lot near Lanark Marina, ready for building.
      2523 Palmetto Terrace, Lanark Village, FL 32323
      View Details
    • $190,000

      Waterfront Land in Lanark Village

      Waterfront lot with private beach and bay access.
      2252 Hwy 98, Lanark Village, FL 32323
      View Details

    FAQs

    What type of property is this?
    Land - Cleared lot with water view, sewer, and water on site.
    Where is this land located?
    The property is located at 2191 E 98 Highway Lanark Village, FL.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Gulf View Lot: Opportunity to build a home with a water view of Dog Island.; Cleared Lot: The lot is already cleared, saving time and expense.; Sewer & Water On‑Site: Public sewer and water connections are readily available.
    (850) 570-9242
    We can help!
    Listing Contact
    Joseph Adams
    Real Estate License ID: 649457
    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

    Thank You for Inquiry
    2191 E 98 Highway, Lanark, FL 32323
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!