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    Equestrian-Ready Ranch Property Title is generated by Realmo AI

    3040 NE 97th Street Road, Anthony, FL 32617

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    For Sale
    $489,000

    Residential, Other - Anthony, FL

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $349/SF
    Added:
    Jun 10, 2025
    Days on Market:
    343
    Last Refresh:
    May 18 at 8:06 am

    Property Features for 3040 NE 97th Street Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Standard status
    Active
    Size
    1,400 SF
    Lot size
    5.00 Acres

    Building Details

    Year built
    1967
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Conklin

    Listing agent Lori Conklin License #SL3591382,PersonLicenseNumber

    Listing office NextHome Professional Realty 741 NE 3rd St., FL

    Listing date Jun 10, 2025

    MLS# OM703266 Listing URL

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

    HighLights

    • Equestrian‑ready 5‑acre horse farm with existing infrastructure and no HOA.
    • Affordable price for a true horse farm in Marion County.
    • Functional land with established fencing and abundant grazing grass.
    • 4‑bedroom, 2‑bath ranch home with wood flooring and updated metal roofs (2021).
    • Private in‑ground lap pool with covered pavilion, ideal for outdoor living and entertaining.
    • Located 20 minutes from the World Equestrian Center with paved road access and low taxes.

    Overview

    This 5-acre equestrian-ready ranch property offers horse infrastructure and functional land with no HOA. The land is flat and ready for daily use, featuring established perimeter fencing, a barn with two oversized stalls, feed room, wash rack, and RV hookup. There are also two separate driveways designed for convenient farm access. The pasture produces grazing grass suitable for routine equine use during the summer months. The 4-bedroom, 2-bath ranch-style home offers a layout with wood flooring, solid cabinetry, and an enclosed front porch filled with natural light. The home has passed a recent 4-point inspection and includes metal roofs on both the residence and covered pavilion installed in 2021, along with a regularly maintained whole-home water softener system. The property is move-in ready and actively maintained. Outdoor living includes a private lap-style in-ground pool and a large covered pavilion. The acreage also offers the potential to build a larger main residence while retaining the existing home as a guest house, rental, or multigenerational living setup (buyer to verify). Located approximately 20 minutes from the World Equestrian Center with paved road access, low taxes, this Anthony horse farm delivers functionality and future potential. The property is located in Anthony, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Auto Repair Shop Department Store Kitchen & Bath Showroom HVAC Service Discount Store Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Anthony
    County
    Marion
    State
    Florida
    Longitude
    -82.09552
    Latitude
    29.2911205

    Nearby Similar for Sale

    • $345,000

      Marion County Pastureland with Home

      Five-acre property with home, ideal for horses or livestock.
      9401 NE 41ST Ct, Anthony, FL 32617
      View Details
    • $499,000
      1,400 SF

      Equestrian-Ready Horse Farm

      Charming 5-acre equestrian property with functional land and horse infrastructure.
      3040 NE 97th Street Road, Anthony, FL 32617
      View Details
    • $1,200,000
      1,425 SF

      33-Acre Farm Along Hwy 326

      33-acre farm with pasture, trees, home, and pool.
      7237 NE 33rd COURT, ANTHONY, FL 32617
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 5-acre horse farm with infrastructure and a 4-bedroom home.
    Where is this horse & equestrian property located?
    The property is located at 3040 NE 97th Street Road Anthony, FL.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Equestrian‑ready 5‑acre horse farm with existing infrastructure and no HOA.; Affordable price for a true horse farm in Marion County.; Functional land with established fencing and abundant grazing grass.
    (321) 663-4619
    We can help!
    Listing Contact
    Lori Conklin
    Real Estate License ID: SL3591382,PersonLicenseNumber
    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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    3040 NE 97th Street Road, Anthony, FL 32617
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