Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Georgetown, FL Land Opportunity Title is generated by Realmo AI

    248 LAKEWAY Drive, Georgetown, FL 32139

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 248 LAKEWAY Drive, Georgetown, FL
    For Sale
    Contact for pricing

    LAND - Georgetown, FL

    Lot size:
    0.23 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    73
    Last Refresh:
    May 31 at 7:06 am

    Property Features for 248 LAKEWAY Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    061327491000600250
    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    JARED RANDALL OLIVER

    Listing agent JARED RANDALL OLIVER

    Listing office LPT REALTY LLC 1400 S INTERNATIONAL PARKWAY, Lake Mary, FL

    Listing date Mar 20, 2026

    MLS# 2136021 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unimproved 0.23‑acre parcel offering a blank canvas for building.
    • Ideal for building a dream home or investment property.
    • Located in Georgetown, FL, offering a peaceful setting.
    • Suitable for builders, investors, or future homeowners.
    • Presents a fantastic opportunity to bring your plans to life.
    • Coordinates provided for easy location: [-81.61538,29.391617].

    Overview

    Located in Georgetown, Florida, 248 Lakeway Dr is an unimproved 0.23-acre parcel. This property presents an opportunity for building a home or investment property. The lot offers a blank canvas for realizing various plans. Prospective buyers are advised to conduct due diligence to confirm buildability and all property aspects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Food Market Grocery & Convenience Store Garden Center Computer & Electronic Repair Tech Support Center Coworking & Hybrid Office Supermarket

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Putnam
    State
    Florida
    Longitude
    -81.615383
    Latitude
    29.391617

    Nearby Similar for Sale

    • $29,900

      Lakefront Lot in Georgetown, Florida

      1.21-acre lakefront lot ready for custom home or manufactured residence.
      172 WHISPERING PINES ROAD, GEORGETOWN, FL 32139
      View Details
    • $29,900

      Lakefront Lot in Georgetown, FL

      1.21-acre cleared lakefront lot ready for custom home.
      172 Whispering Pines Road, Georgetown, FL 32139
      View Details
    • $22,000

      Georgetown Land Near Lake George

      0.54 acre wooded property with lake access.
      233 MARIE Avenue, Georgetown, FL 32139
      View Details
    • $17,000

      Residential Land in Georgetown, Florida

      Three wooded lots totaling 225' road frontage in Georgetown, FL.
      114 MOSSWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $17,000

      Residential Land in Georgetown, Florida

      Wooded residential land with road frontage in Georgetown, Florida.
      116 MOSSWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $20,000

      Residential Lots in Georgetown, Florida

      Residential lots near Lake George and St. Johns River.
      103 ROSEWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $16,500

      Paradise Lake Residential Land

      0.28-acre lot near Lake George and St. John’s River.
      205 SIESTA DRIVE, GEORGETOWN, FL 32139
      View Details
    • $39,900

      Cleared Lot Near Lake George

      0.52 acre lot ready for building near Lake George.
      121 STELLA Road, Georgetown, FL 32139
      View Details
    • $20,000

      Residential Lots in Georgetown, Florida

      Three adjacent residential lots available for purchase in Georgetown, Florida.
      105 ROSEWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $17,000

      Georgetown, Florida Land Parcel

      Land parcel in Georgetown, Florida, near Lake George.
      112 MOSSWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $20,000

      Vacant Lots in Georgetown, Florida

      Affordable surveyed vacant lots ready for your dream home.
      107 ROSEWOOD STREET, GEORGETOWN, FL 32139
      View Details
    • $75,000

      Georgetown Land Investment Opportunity

      Five lots near Lake George, ideal for recreation or development.
      181 Lakeway Drive, Georgetown, FL 32139
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.23-acre unimproved parcel in Georgetown, FL ready for development.
    Where is this residential land & home lot located?
    The property is located at 248 LAKEWAY Drive Georgetown, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Unimproved 0.23‑acre parcel offering a blank canvas for building.; Ideal for building a dream home or investment property.; Located in Georgetown, FL, offering a peaceful setting.
    (904) 867-3882
    We can help!
    Listing Contact
    JARED RANDALL OLIVER
    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
    248 LAKEWAY Drive, Georgetown, FL 32139
    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!