Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land O' Lakes Vacant Lot Title is generated by Realmo AI

    7408 TOM DRIVE, Land O Lakes, FL 34638

    View on Map
    Claim this Listing
    For Sale
    $140,000

    1.8 acre lot with utilities in place, no HOA/CDD.

    Type:Land or Vacant Lot
    Lot size:
    1.84 Acres
    Added:
    Apr 8, 2025
    Days on Market:
    425
    Last Refresh:
    May 11 at 12:19 am

    Property Features for 7408 TOM DRIVE

    General Information

    Standard status
    Active
    Lot size
    1.84 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DAVID SANCHEZ

    Listing agent DAVID SANCHEZ

    Listing office ARK REALTY

    Listing date Apr 8, 2025

    Source Corcoran

    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 ARK REALTY

    HighLights

    • 1.8 Acres - No HOA - No CDD: Enjoy a large lot without the burden of HOA or CDD fees.
    • Backs to Conservation Area: Ensures privacy and beautiful natural views with no rear neighbors.
    • Utilities in Place: Water well, septic tank, and electric service are already installed, saving you time and money.
    • Prime Location: Benefit from quick access to Highway 41, Publix, dining, and everyday essentials.
    • Mostly Cleared and Usable Land: Ready for your vision with minimal clearing needed.
    • Bring Your Boats, RVs, and Toys: Embrace the freedom of no HOA restrictions on recreational vehicles.

    Overview

    This 1.8-acre vacant land lot is available for sale in Land O' Lakes, Florida. The fenced property, approximately 150 ft x 532 ft, backs up to a conservation wetland area, ensuring no development behind the property. Utilities are already in place from a previous mobile home, including a water well, septic tank, and above-ground electric service ready for hookup. Located just off Highway 41, the property offers quick access to main roads and is minutes from Publix, dining, and daily essentials. There is no HOA or CDD, allowing for boats, RVs, and other recreational vehicles. A land survey is available upon request. The land is mostly cleared and usable, with mostly pine trees providing shaded areas. The property offers a blend of peace, privacy, and convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Land O Lakes
    County
    Pasco
    State
    Florida
    Longitude
    -82.4877
    Latitude
    28.2652

    Nearby Similar for Sale

    • $775,000
      1,780 SF

      Remodeled Single-Story Retail Building

      Turnkey C2 storefront with remodel updates and parking lot for tenant operations.
      4623 LAND O LAKES BOULEVARD, LAND O LAKES, FL 34639
      View Details
    • $986,000
      2,100 SF

      Land O Lakes Business Opportunity

      Established liquor and cigar business in high-traffic retail corridor.
      COLLIER PARKWAY, LAND O LAKES, FL 34639
      View Details
    • $799,000

      Land in Land O Lakes

      Eight-acre property in a growing Pasco County corridor.
      22838 BUNGALOW LANE, LAND O LAKES, FL 34639
      View Details
    • $195,000

      RV Lot with Casita

      RV lot with casita in clothing-optional resort community.
      6837 AMANDA VISTA CIRCLE, LAND O LAKES, FL 34637
      View Details
    • $1,850,000

      Cleared Land Parcel with Pond

      10-acre parcel with A-R zoning, pond view, ready for redevelopment.
      8989 EHREN CUTOFF, LAND O LAKES, FL 34639
      View Details
    • $125,000

      Waterfront Land Build Opportunity

      Cleared waterfront lot in Land O' Lakes, Florida.
      0000 EAGLE BOULEVARD, LAND O LAKES, FL 34639
      View Details
    • $600,000

      Prime Commercial Land Opportunity

      Lakefront commercial land in a high-traffic location.
      4538 LAND O LAKES BOULEVARD, LAND O LAKES, FL 34639
      View Details
    • $249,000

      Land O' Lakes Lakefront Opportunity

      1.89-acre lakefront land parcel in a desirable location.
      4635 COBB ROAD, LAND O LAKES, FL 34638
      View Details
    • $79

      Land O' Lakes Acreage Opportunity

      One acre commercial land in a high-growth Pasco County corridor.
      18131 State Road 52, Land O Lakes, FL 34638
      View Details
    • $1,900,000

      Waterfront Land with Lake Frontage

      Nearly 20-acre lakefront parcel with substantial frontage and feasibility support for future development opportunities.
      5504 SUN UP ROAD, LAND O LAKES, FL 34638
      View Details
    • $199,000

      Land in Gated RV Resort

      Land in a clothing-optional, pet-friendly RV resort community.
      6731 AMANDA VISTA CIRCLE, LAND O LAKES, FL 34637
      View Details
    • $359,000

      Land O' Lakes Vacant Land

      2.71 acres of vacant land in Land O’ Lakes, FL.
      9537 TURF DRIVE, LAND O LAKES, FL 34639
      View Details

    FAQs

    What type of property is this?
    Land - 1.8 acre lot with utilities in place, no HOA/CDD.
    Where is this land located?
    The property is located at 7408 TOM DRIVE Land O Lakes, FL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: 1.8 Acres - No HOA - No CDD: Enjoy a large lot without the burden of HOA or CDD fees.; Backs to Conservation Area: **Ensures privacy and beautiful natural views with no rear neighbors.**; Utilities in Place: Water well, septic tank, and electric service are already installed, saving you time and money.
    (813) 679-7717
    We can help!
    Listing Contact
    DAVID SANCHEZ
    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
    7408 TOM DRIVE, LAND O LAKES, FL 34638
    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!