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

    360 Northeast 558th Street Old Town, FL 32680

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $58,500

    4.42 acres of wooded land in Old Town, Florida.

    Type:Land
    Lot size:
    4.42 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    33
    Last Refresh:
    Mar 19 at 8:26 pm

    Property Features for 360 Northeast 558th Street

    General Information

    Standard status
    Active
    Lot size
    4.42 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lee Bantner

    Listing agent Lee Bantner License #3651701

    Listing office PEPINE REALTY

    Listing date Mar 19, 2026

    Source Compass

    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 PEPINE REALTY

    Overview

    Old Town Wooded Acreage

    This 4.42-acre wooded parcel is located in Old Town, Florida. The property features mature trees and a flexible layout, suitable for various potential uses. It offers a versatile opportunity for a future homesite or mobile home placement. There are no existing improvements on the land, allowing buyers to plan and develop the property according to their specific needs. Situated in Dixie County, the property is within a short drive to the Suwannee River, area springs, and outdoor recreation.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Department Store Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -83.02504
    Latitude
    29.669252

    Nearby Similar for Sale

    • $850,000
      1,740 SF

      Prime Commercial Property on Highway 19

      Commercial property with frontage on Highway 19 in Old Town.
      25878 Hwy 19, Old Town, FL 32680
      View Details
    • $275,000

      Prime Commercial Land Opportunity

      High-visibility commercial land with signage on Hwy 19 in Old Town.
      24155 Hwy 19, Old Town, FL 32680
      View Details
    • $700,000

      Prime Commercial Land on Highway

      Cleared 5.83-acre commercial property on Highway 19 in Old Town, FL.
      Hwy 19, Old Town, FL 32680
      View Details
    • $119,900

      Highway Frontage Commercial Land Opportunity

      Cleared 2.71-acre commercial land with well in Old Town, FL.
      Hwy 19, Old Town, FL 32680
      View Details
    • $50,000

      Two Acres Ready For Homesite

      High and dry land near Old Town, Florida.
      746th St, Old Town, FL 32680
      View Details
    • $33,500

      Residential Land in Old Town

      1.24-acre homesite ready for building in Old Town, Florida.
      682nd Ave, Old Town, FL 32680
      View Details
    • $97,000

      6-Acre Vacant Land in Old Town

      Vacant 6-acre property in Old Town, Florida, with two ponds.
      495 NE 102nd Ave, Old Town, FL 32680
      View Details
    • $117,000

      Unique Acreage in Old Town

      2.5-acre parcel with well, septic, and multiple structures.
      240 316th Ave, Old Town, FL 32680
      View Details
    • $142,900

      Old Town Acreage with Utilities

      4.48 acres with utilities ready for RV or home.
      115 694th St, Old Town, FL 32680
      View Details
    • $61,900

      5-Acre Parcel in Old Town

      High and dry 5-acre parcel in Old Town, Florida.
      811th St, Old Town, FL 32680
      View Details
    • $78,500

      Old Town Land Opportunity

      2.5 acre corner lot in Old Town, Florida.
      548 543rd St, Old Town, FL 32680
      View Details
    • $36,900

      Old Town Acreage with Utilities

      0.85-acre property in Old Town, Florida, ready for development.
      200 197th Ave, Old Town, FL 32680
      View Details

    FAQs

    What type of property is this?
    Land - 4.42 acres of wooded land in Old Town, Florida.
    Where is this land located?
    The property is located at 360 Northeast 558th Street Old Town, FL.
    What is the asking price?
    The asking price for this property is $58,500.
    What are key features of this property?
    This property features: 4.42 acre wooded parcel, ideal for your dream homesite or mobile home.; Develop to your needs with no existing improvements.; Close to the Suwannee River, springs, and recreation for outdoor enthusiasts.
    (779) 970-0737
    We can help!
    Listing Contact
    Lee Bantner
    Real Estate License ID: 3651701
    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!