Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    242-Acre Ranch in Lorida, Florida Title is generated by Realmo AI

    4333 Highway 98, Lorida, FL 33857

    View on Map
    Claim this Listing
    For Sale
    $3,021,125

    242-acre ranch with pastures, ponds, and development potential.

    Type:Land
    Lot size:
    242.00 Acres
    Added:
    May 22, 2025
    Days on Market:
    377
    Last Refresh:
    May 13 at 10:23 pm

    Property Features for 4333 Highway 98

    General Information

    Standard status
    Active
    Lot size
    242.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Yezmin Restrepo

    Listing agent Yezmin Restrepo License #3418359

    Listing office ADVANTAGE REALTY 1

    Listing date May 22, 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 ADVANTAGE REALTY 1

    HighLights

    • 242+-acre ranch with subdivision potential into multiple smaller ranches.
    • Income potential from cattle lease, sod operation, and/or watermelon farm.
    • Fenced and cross‑fenced green Bahia pastures with watering ponds and seasonal creek.
    • Located near Lake Istokpoga and Sebring International Raceway.
    • Multiple unused access road entries.
    • Upside potential for future development due to growth pushing away from coastal cities.

    Overview

    This 242-acre ranch is located in Lorida, Florida. The property features green Bahia pastures that are fenced and cross-fenced, along with watering ponds and a seasonal creek. Currently leased for cattle, the ranch offers potential for multiple unused access road entries, making it easily divisible into smaller ranches. Its location provides upside potential for future development, with Lake Istokpoga and the 12 Hours of Sebring/NASCAR Raceway minutes away to the west. The property's proforma metrics include a sod operation potential at $1,500-$2,200 per acre and a watermelon farm lease at $250 per acre. Improving the pasture into Hemarthria grass could raise cattle production to 1 cow per two acres after harvesting sod. Extending the existing northerly roads into the property could create 5-10 acre tracts, potentially doubling the investment.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorida
    County
    Highlands
    State
    Florida
    Longitude
    -81.21608
    Latitude
    27.416043

    Nearby Similar for Sale

    • $100,000

      Five Acres of Prime Land

      Five acres of land zoned for mobile homes in Lorida.
      701 JOLLY LANE, LORIDA, FL 33857
      View Details
    • $158,000

      Vacant Land in Lorida, Florida

      5-acre vacant land parcel in a quiet, rural setting.
      2733 TAWNY DRIVE, LORIDA, FL 33857
      View Details
    • $100,000

      Five Acres in Lorida, FL

      Five acres of prime land, perfect for peaceful country living.
      701 Jolly Lane, Lorida, FL 33857
      View Details
    • $1,168,630

      102+ Acres in Lorida, Florida

      102.16 acres near Lorida with owner financing available.
      8495 COUNTY ROAD 621, LORIDA, FL 33857
      View Details
    • $628,320

      Producing Citrus Grove Investment Property

      39+ acre producing citrus grove in Lorida, Florida.
      2205 HICKS Rd, LORIDA, FL 33857
      View Details
    • $143,000

      Residential Land near Lake Istapoga

      Residential land with canal access to Lake Istapoga, ready to build.
      612 DRAGONFLY LANE, LORIDA, FL 33857
      View Details
    • $105,000

      Commercial Land on US Highway

      Four commercial lots totaling just shy of an acre.
      1873 US 98 Highway, Lorida, FL 33857
      View Details
    • $97,000

      Sprawling 5-Acre Lot Opportunity

      5-acre lot near amenities, ideal for investors or homeowners.
      101 Varner Road, Lorida, FL 33857
      View Details
    • $7,900

      Residential Lot in Lorida, FL

      0.28 acre residential lot, no HOA, not in flood zone.
      2621 LARIAT DRIVE, LORIDA, FL 33857
      View Details
    • $25,000

      Spacious Wooded Lot in Lorida

      1.19 acre lot near amenities, ready for your vision.
      117 Varner Rd, Lorida, FL 33857
      View Details
    • $725,000

      40 Acres Zoned for Agriculture

      40-acre lot suitable for farming, horses, and country estate.
      3256 Auburn St., Lorida, FL 33857
      View Details
    • $50,000

      Residential Land in Lorida, FL

      Spacious lot for building or development in a peaceful setting.
      133 Varner Rd, Lorida, FL 33857
      View Details

    FAQs

    What type of property is this?
    Ranch - 242-acre ranch with pastures, ponds, and development potential.
    Where is this ranch located?
    The property is located at 4333 Highway 98 Lorida, FL.
    What is the asking price?
    The asking price for this property is $3,021,125.
    What are key features of this property?
    This property features: 242+-acre ranch with subdivision potential into multiple smaller ranches.; Income potential from cattle lease, sod operation, and/or watermelon farm.; Fenced and cross‑fenced green Bahia pastures with watering ponds and seasonal creek.
    (214) 797-4439
    We can help!
    Listing Contact
    Yezmin Restrepo
    Real Estate License ID: 3418359
    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
    4333 Highway 98, Lorida, FL 33857
    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!