Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Untouched 40-Acre Florida Land Title is generated by Realmo AI

    768th St, Old Town, FL 32680

    View on Map
    Claim this Listing
    For Sale
    $429,000

    LAND - Old Town, FL

    Lot size:
    40.00 Acres
    Added:
    Jan 24, 2025
    Days on Market:
    493
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for 768th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    34-10-13-0000-5599-0090
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Dixie County Parcel 34-10-13-0000-5599-0090
    Tax Annual Amount
    600

    Utilities

    Water source
    Well Needed

    We can help!

    Listing Contact
    Dale Herring

    Listing agent Dale Herring

    Listing office Herring Realty Group PO Box 985, Old Town, FL

    Listing date Jan 24, 2025

    MLS# 794094 Listing URL

    Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 40‑acre property offering privacy and natural beauty.
    • Located just 20 minutes from the Gulf of America.
    • Close proximity to the town of Suwannee.
    • Ideal for outdoor activities like fishing, boating, and kayaking on the Suwannee River and Gulf of America.
    • Surrounded by towering oaks and native palmettos.
    • Opportunity for a private homestead or weekend getaway.

    Overview

    This 40-acre property is located in Old Town, Florida, approximately 20 minutes from the Gulf of America and the town of Suwannee. The land is characterized by towering oaks and native palmettos, embodying Florida's natural landscape. The property is suited for a private homestead, a weekend getaway, or an outdoor recreational area. The Suwannee River and Gulf of America provide opportunities for fishing, boating, and kayaking. The town of Suwannee offers local amenities and a relaxed community environment.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -83.0100617
    Latitude
    29.6025623

    Nearby Similar for Sale

    • $850,000
      1,740 SF

      Prime Commercial Property on Highway

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

      High-Visibility Commercial Land Opportunity

      Prime commercial property with exceptional exposure on Hwy 19.
      24155 SE Hwy 19, Old Town, FL 32680
      View Details
    • $183,000

      Florida Getaway Near Suwannee River

      Well-maintained lot with RV near Suwannee River.
      20 SE 306th Ave, 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.
      SE Hwy 19, Old Town, FL 32680
      View Details
    • $189,900

      Old Town RV Ready Land

      5-acre RV-ready land with transferable permit near the river.
      770 NE 250th Ave, Old Town, FL 32680
      View Details
    • $119,900

      Highway Frontage Commercial Land

      2.71 acre commercial land with highway access in Old Town.
      SE Hwy 19, Old Town, FL 32680
      View Details
    • $149,000

      Old Town Land with Utilities

      7.15 acres with well, septic, and RV hookup.
      800 NE 807th Ave, Old Town, FL 32680
      View Details
    • $175,000

      Waterfront Lot with RV and Permit

      Waterfront lot with RV, pole barn, utilities, and permit.
      14 SE 908th Ave, Old Town, FL 32680
      View Details
    • $89,000

      Commercial Land Near Highway 19

      2-acre commercial parcel off Hwy 19 in Old Town, FL.
      SE Hwy 19, Old Town, FL 32680
      View Details
    • $189,900

      Waterfront Land in Suwannee, Florida

      Waterfront lot with direct river access and seawall.
      000 SE SE 241 STREET, OLD TOWN, FL 32680
      View Details
    • $70,000
      1,230 SF

      Old Town Land with Potential

      1.82 acres in Old Town, Florida with commercial potential.
      12681 NE Hwy 351, Old Town, FL 32680
      View Details
    • $175,000

      Waterfront Lot with RV and Barn

      Waterfront lot with RV, pole barn, and utilities.
      14 SE 908 AV, Old Town, FL 32680
      View Details

    FAQs

    What type of property is this?
    Land - Serene 40-acre property near Suwannee River and Gulf of America.
    Where is this land located?
    The property is located at 768th St Old Town, FL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: 40‑acre property offering privacy and natural beauty.; Located just 20 minutes from the Gulf of America.; Close proximity to the town of Suwannee.
    (352) 356-1099
    We can help!
    Listing Contact
    Dale Herring
    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
    768th St, Old Town, FL 32680
    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!