Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    293 NW Willie Deas Road Madison, FL 32340

    View on Map
    Claim this Listing
    For Sale
    $49,000

    LAND - Madison, FL

    Lot size:
    1.57 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    79
    Last Refresh:
    May 8 at 11:06 am

    Property Features for 293 NW Willie Deas Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    12079-08-1N-09-3468-008-001
    Lot size
    1.57 Acres

    Utilities

    Water source
    Well
    Water front features
    Pond

    We can help!

    Listing Contact
    Melanie Parks

    Listing agent Melanie Parks License #3133369

    Listing office The American Dream 3498 S Byron Butler Pkwy Unit3, FL

    Listing date Feb 18, 2026

    MLS# 396461 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

    • Spacious homesite: Two adjoining lots being sold together.
    • Convenient access: Located at the entrance of the community.
    • Freedom from association rules: Not in the HOA.
    • Existing power on site.
    • Two wells on the property (condition to be verified).
    • Features a pond.

    Overview

    Spacious Homesite in Madison, FL

    Two adjoining vacant lots are available for sale together, presenting the opportunity to own a spacious homesite. Situated at the entrance of the community, the property is not part of the HOA. Existing power is available on site, along with two wells. The condition of the wells is to be verified by the buyer. The combined parcel offers flexibility and a serene setting located minutes from town. Parcel ID 08-1N-09-3468-008-004 is 0.463 acres, and parcel 08-1N-09-3468-008-001 is 1.107 acres. The property is located in Madison, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madison
    County
    Madison
    State
    Florida
    Longitude
    -83.4428996
    Latitude
    30.4986682

    Nearby Similar for Sale

    • $525,000
      4,150 SF

      Turnkey Restaurant Property in Madison, FL

      Fully equipped restaurant with highway frontage and flexible future use.
      5806 NE Colin Kelly Highway, Madison, FL 32340
      View Details
    • $235,000

      Turnkey Bar and Grill Business

      Thriving bar and grill with licenses and equipment included.
      8144 S CR 53, Madison, FL 32340-0000
      View Details
    • $450,000

      Madison County Multi-Use Land

      47 acres ideal for farming, homesteading, hunting, or income.
      1701 SW Moseley Hall Road, Madison, FL 32340
      View Details
    • $49,000

      Residential Lots Near Madison, Florida

      Two combined lots totaling 1.57 acres near Madison, Florida.
      293 NW WILLIE DEAS ROAD, Madison, FL 32340
      View Details
    • $550,000
      11,875 SF

      Established Auto Mechanic Shop For Sale

      Turn-key auto mechanic shop with real estate and equipment.
      115 SW Bunker Street, MADISON, FL 32340
      View Details
    • $69,000

      Madison, FL Residential Acreage

      5.42 acre residential lot with pond frontage near Madison.
      000 NW APPALOOSA WAY, Madison, FL 32340
      View Details
    • $165,000

      Versatile Building in Downtown Madison

      Adaptable building in downtown Madison, suitable for various uses.
      186 SW Range Avenue, Madison, FL 32340
      View Details
    • $130,000

      Cleared Land Near I-10

      Three-acre cleared parcel suitable for commercial or industrial uses.
      SW Harvey Greene Drive, Madison, FL 32340
      View Details
    • $69,900

      8.51 Acres in Madison County

      Land ready for your dream home or mobile home!
      506 NW COACHWHIP AVE, Madison, FL 32340
      View Details
    • $540,000

      Madison County Recreational and Residential Land

      216 acres in Madison County, Florida, ideal for recreation.
      8412 SW Tower Road, Madison, FL 32340
      View Details
    • $450,000

      111 Acres Hunting Land For Sale

      111 acres of hunting land with utilities in Madison, Florida.
      1217 SW Caleb Avenue, Madison, FL 32340
      View Details
    • $130,000

      Prime Hunting and Recreation Land

      13 acres of North Florida land perfect for outdoor adventures.
      652 NW Flowers Road, Madison, FL 32340
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjoining vacant lots for sale in Madison, Florida.
    Where is this residential land & home lot located?
    The property is located at 293 NW Willie Deas Road Madison, FL.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: Spacious homesite: Two adjoining lots being sold together.; Convenient access: Located at the entrance of the community.; Freedom from association rules: Not in the HOA.
    (850) 973-7645
    We can help!
    Listing Contact
    Melanie Parks
    Real Estate License ID: 3133369
    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
    293 NW Willie Deas Road, Madison, FL 32340
    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!