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

    323 RIDGE ROAD Satsuma, FL 32189

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale in Satsuma, Putnam County, Florida.

    Type:Land
    Added:
    Jun 25, 2025
    Days on Market:
    298
    Last Refresh:
    Apr 4 at 1:17 am

    Property Features for 323 RIDGE ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Thomas Lugen

    Listing agent Thomas Lugen License #3005193

    Listing office AMERICAN RESALES

    Listing date Jun 25, 2025

    Source Evrealestate

    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 AMERICAN RESALES

    Overview

    Land Available in Satsuma, Florida

    Located in Satsuma, Putnam County, Florida, the property is accessible from Interstate 95 via Exit 260 onto FL-20 West. After approximately 17 miles, a left turn onto CR-312 (Avenue A) leads into Satsuma. Continuing on CR-312 for 1 mile, a left onto Ridge Road will bring you to the property, situated mid-block on the right side. The list price is $14,500.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Kitchen & Bath Showroom Clothing & Fashion Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Satsuma
    County
    Putnam
    State
    Florida
    Longitude
    -81.6388662
    Latitude
    29.5524441

    Nearby Similar for Sale

    • $20,000

      Cleared Acreage Near St. Johns

      1.03 acre lot near St. Johns River.
      519 5TH Street, Satsuma, FL 32189
      View Details
    • $249,900

      Waterfront Land on Dunns Creek

      Waterfront property with boat house, lift, and stunning views.
      160 SMITH Lane, Satsuma, FL 32189
      View Details
    • $30,000

      Satsuma, FL Residential Lot

      High and dry 0.78-acre lot near Dunns Creek.
      201 Pineway West Ave, Satsuma, FL 32189
      View Details
    • $25,000

      Cleared Acreage Near St. Johns

      1.01 acre lot near St. Johns River.
      178 SUMTER Road, Satsuma, FL 32189
      View Details
    • $8,000

      Satsuma, Florida Land For Sale

      Residential lot in Satsuma, Florida, near St. Johns River.
      115 CLICK Road, Satsuma, FL 32189
      View Details
    • $7,500

      Satsuma, FL Cleared Lot

      0.24 acre cleared lot in Satsuma, Florida.
      226 RIDGE Road, Satsuma, FL 32189
      View Details
    • $270,800

      Satsuma, FL Commercial Opportunity

      1.54 acres C-2 zoned property in a rapidly developing area.
      736 S HIGHWAY 17, Satsuma, FL 32189
      View Details
    • $9,999

      Residential Land in Satsuma, FL

      Vacant lot ready for your dream home in Satsuma.
      505 HICKORY NUT TRAIL, SATSUMA, FL 32189
      View Details
    • $350,000
      3,818 SF

      Victorian with Highway Frontage

      Commercially zoned Victorian with highway frontage and steel building.
      1173 HIGHWAY 17, Satsuma, FL 32189
      View Details
    • $20,000

      Cleared Half-Acre Lot in Satsuma

      Half-acre lot with well, septic, and driveway in Satsuma.
      110 LINCOLN Street, Satsuma, FL 32189
      View Details
    • $16,000

      Residential Land in Satsuma, FL

      0.25-acre residential parcel with road frontage in Putnam County.
      109 Lucas Street, Satsuma, FL 32189
      View Details
    • $45,000

      Satsuma Land with New Septic

      0.23 acre lot with new septic and well.
      331 QUAIL HOLLOW Road, Satsuma, FL 32189
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Satsuma, Putnam County, Florida.
    Where is this land located?
    The property is located at 323 RIDGE ROAD Satsuma, 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: Located in Putnam County; Convenient access from Interstate 95 via FL‑20; Situated near Satsuma
    (407) 399-3674
    We can help!
    Listing Contact
    Thomas Lugen
    Real Estate License ID: 3005193
    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!