Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land Near Steinhatchee River Title is generated by Realmo AI

    401 West 1st Street Northwest Unit LOT #2, Steinhatchee, FL 32359

    View on Map
    Claim this Listing
    For Sale
    $100,000

    Waterfront lot near Steinhatchee River, boat ramp, and restaurants.

    Type:Land
    Added:
    Jul 15, 2025
    Days on Market:
    327
    Last Refresh:
    Mar 13 at 9:22 am

    Property Features for 401 West 1st Street Northwest Unit LOT #2

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Kirby Klys

    Listing agent Kirby Klys License #167829

    Listing office BHHS FLORIDA REALTY - HIGH SPRINGS

    Listing date Jul 15, 2025

    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 BHHS FLORIDA REALTY - HIGH SPRINGS

    HighLights

    • Short walk to Steinhatchee River, boat ramp, Roy's restaurant, and Sea Hag marina
    • Sewer, water, and electric are available close by
    • Located on a paved road
    • Historically low flood risk
    • Elevation of approximately 6‑8 feet
    • Premier fishing, scenic river views, and fresh seafood

    Overview

    This lot is located on a paved road, a short walk from the Steinhatchee River, boat ramp, Roy's restaurant, and Sea Hag marina. Sewer, water, and electric services are available nearby. The property has an approximate elevation of 6-8'. According to information obtained from the county building and zoning, water and sewer, and the electric company, the property had not flooded since 1990 prior to the hurricanes of 2023 and 2024. The property offers opportunities for fishing, scenic river views, and access to seafood in a coastal town.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Food Market Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Steinhatchee
    County
    Taylor
    State
    Florida
    Longitude
    -83.3955708
    Latitude
    29.6778011

    Nearby Similar for Sale

    • $899,000

      Riverside Drive Land Opportunity

      Prime Steinhatchee location with development potential and existing utilities.
      707 SE Riverside Dr, Steinhatchee, FL 32359
      View Details
    • $499,000

      Steinhatchee, FL Development Opportunity

      Prime land parcels near marinas in Steinhatchee, Florida.
      403 SE First Ave, Steinhatchee, FL 32359
      View Details
    • $139,000

      RV Ready Lot in Steinhatchee

      Well-equipped lot near Steinhatchee River with income potential.
      8 NE Fourth Ave, Steinhatchee, FL 32359
      View Details
    • $1,000,000

      Steinhatchee Riverfront Land Opportunity

      5.43 acres on the Steinhatchee River.
      5842 SW Hwy 358, Steinhatchee, FL 32359
      View Details
    • $120,000

      Land in Coastal Steinhatchee, FL

      Over an acre near Steinhatchee River, ideal for recreation.
      Kings Creek Cir, Steinhatchee, FL 32359
      View Details
    • $325,000

      Waterfront Land in Steinhatchee Resort

      Vacant lot with boat slip in Steinhatchee Landing Resort.
      140 Ryland Cir, Steinhatchee, FL 32359
      View Details
    • $144,900

      Versatile Land Near Steinhatchee Hotspots

      Land with pole barn, RV hookups, and cracker-style house.
      1014 NE First Ave, Steinhatchee, FL 32359
      View Details
    • $1,375,000

      Coastal Development Land Opportunity

      3.03 acre parcel for coastal development with stunning views.
      327 NW Second Ave, Steinhatchee, FL 32359
      View Details
    • $225,000

      Two-Acre Property in Steinhatchee

      Two-acre property with workshop, well, and city utility access.
      6 NE Thirteenth St, Steinhatchee, FL 32359
      View Details
    • $475,000

      Waterfront Lot in Gulf Breeze

      Build your dream coastal home in Steinhatchee's Gulf Breeze.
      NW Second Ave, Steinhatchee, FL 32359
      View Details
    • $475,000

      Waterfront Lot in Gulf Breeze

      Build your dream coastal home in Steinhatchee's Gulf Breeze.
      NW Second Ave, Steinhatchee, FL 32359
      View Details
    • $279,900

      Marsh-Front Property in Steinhatchee, FL

      Coastal living with RV hookups and marsh views.
      105 SE Seventh St, Steinhatchee, FL 32359
      View Details

    FAQs

    What type of property is this?
    Land - Waterfront lot near Steinhatchee River, boat ramp, and restaurants.
    Where is this land located?
    The property is located at 401 West 1st Street Northwest Unit LOT #2 Steinhatchee, FL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Short walk to Steinhatchee River, boat ramp, Roy's restaurant, and Sea Hag marina; Sewer, water, and electric are available close by; Located on a paved road
    (352) 538-1549
    We can help!
    Listing Contact
    Kirby Klys
    Real Estate License ID: 167829
    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
    401 West 1st Street Northwest, Unit LOT #2, Steinhatchee, FL 32359
    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!