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

    256 LAKE Drive Florahome, FL 32140

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $70,000

    800-acre lake perfect for fishing and recreation.

    Type:Lots/Land
    Property size:
    35,283 SF
    Lot size:
    0.81 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 256 LAKE Drive

    General Information

    Standard status
    Active
    Size
    35,283 SF
    Lot size
    0.81 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    PETER NASIF

    Listing agent PETER NASIF License #3577274

    Listing office FLORIDA HOMES REALTY & MTG LLC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 FLORIDA HOMES REALTY & MTG LLC

    Overview

    George's Lake Recreational Land

    This property features an expansive 800-acre lake known as George's Lake, located in North Florida. It is suitable for fishing and recreational activities. Two public boat ramps were installed in 2009. The property includes a boat dock. The zoning is R-1A, which prohibits mobile homes. Interested parties should conduct due diligence with the county to verify permitted uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Florahome
    County
    Putnam
    State
    Florida
    Longitude
    -81.8556966
    Latitude
    29.7865725

    Nearby Similar for Sale

    • $875,000

      Florahome Land with Lake Frontage

      55.54 acres with frontage on Georges Lake.
      (PARCEL 1) E HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $8,490

      Land in Florahome, Florida

      Land for sale, ideal for investment or building your dream home.
      106 Oleander Drive, Florahome, FL 32140
      View Details
    • $42,000

      Land Ready for Dream Home

      0.8-acre homesite with utilities in Florahome, Florida.
      707 HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $7,750

      Florahome Building Lot Near Lake

      Peaceful lot near George's Lake, ideal for outdoor living.
      131 Orange Drive, Florahome, FL 32140
      View Details
    • $7,750

      Vacant Land Near Lake

      Vacant land near lake, ideal for recreation and residence.
      131 ORANGE DR, Florahome, FL 32140
      View Details
    • $6,400

      Land Parcel in Florahome, FL

      0.32-acre homesite suitable for SFR or mobile home.
      138 CROSBY Road, Florahome, FL 32140
      View Details
    • $15,000

      Corner Lot in Florahome, FL

      Unimproved corner lot near George's Lake, ready for new home.
      W HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details
    • $28,000

      Buildable Lots in Florahome, FL

      1.01-acre property with four buildable lots in a scenic location.
      NETTLES Road, Florahome, FL 32140
      View Details
    • $9,000

      Land in Florahome, Florida

      Land for sale in a rural Florida setting.
      121 BOXWOOD Road, Florahome, FL 32140
      View Details
    • $33,900

      Florahome Land with Utilities

      Residential land with existing utilities in a country setting.
      1118 SELMA Avenue, Florahome, FL 32140
      View Details
    • $34,900

      Land in Florahome, Florida

      1.26 acres in Florahome, near George's Lake.
      215 RIFLE Road, Florahome, FL 32140
      View Details
    • $45,000

      Acreage in Peaceful Florahome Setting

      1.05 acre lot near George's Lake and major cities.
      PARCEL 3B E HILLSBOROUGH Avenue, Florahome, FL 32140
      View Details

    FAQs

    What type of property is this?
    Recreation land - 800-acre lake perfect for fishing and recreation.
    Where is this recreation land located?
    The property is located at 256 LAKE Drive Florahome, FL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Expansive 800‑acre lake ideal for fishing and recreation; Located on George's Lake in North Florida; Includes a convenient boat dock
    (904) 996-9115
    We can help!
    Listing Contact
    PETER NASIF
    Real Estate License ID: 3577274
    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!