Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Citrus Springs Residential Land Title is generated by Realmo AI

    8622 N Empire Avenue, Citrus Springs, FL 34433

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Citrus Springs, FL

    Lot size:
    0.23 Acres
    Added:
    Nov 15, 2024
    Days on Market:
    562
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 8622 N Empire Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RUR
    Standard status
    Active
    APN
    1356971
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    135

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Mark States
    Mark States

    Listing agent Mark States License #3216965

    Listing office RE/MAX Realty One 2421 N Lecanto Highway, Crystal River, FL

    Listing date Nov 15, 2024

    MLS# 838967 Listing URL

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity to build a dream home on a .23 acre high‑and‑dry lot.
    • Located in the desirable Citrus Springs neighborhood with mostly newer homes.
    • Convenient access to golf, shopping, and the Withlacoochee State Trail.
    • Approximately 12 miles from Rainbow Springs State Park.
    • Picturesque and tranquil area known for its scenic beauty and charm.
    • Public water source available.

    Overview

    This 0.23-acre property is located in Citrus Springs, an area known for its scenic beauty. The high-and-dry home site offers the opportunity to build a home in a neighborhood featuring mostly newer homes. The location provides a modern yet peaceful environment within a welcoming community. Its central location offers convenient access to amenities including golf, shopping and the Withlacoochee State Trail. It is approximately 12 miles to Rainbow Springs State Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Pharmacy Department Store HVAC Service Daycare Center Computer & Electronic Repair Tech Support Center Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Citrus Springs
    County
    Citrus
    State
    Florida
    Longitude
    -82.493485
    Latitude
    28.988289

    Nearby Similar for Sale

    • $429,900
      2,370 SF

      New Dunnellon Duplex Investment Opportunity

      New duplex in Dunnellon, 6 bedrooms, ideal for investors.
      9130 N MENDOZA WAY, CITRUS SPRINGS, FL 34434
      View Details
    • $199,000

      Commercial Land in Citrus Springs

      Commercial site in a prime retail location.
      779 W Hampshire Boulevard, Citrus Springs, FL 34434
      View Details
    • $350,000

      Corner Lot on Major Roads

      Commercial corner lot on Hwy 41 and Citrus Springs Blvd.
      51 E Citrus Springs Blvd, Citrus Springs, FL 34434
      View Details
    • $109,000

      Citrus Springs Land Parcel

      1.36 acre parcel with commercial and residential potential.
      7220 N Deltona Boulevard, Citrus Springs, FL 34434
      View Details
    • $775,000

      Commercial Building on US 41

      Commercial property with high visibility and accessibility on US 41.
      10241 N Florida Avenue, Citrus Springs, FL 34434
      View Details
    • $109,000

      Citrus Springs Land Parcel

      1.36 acre parcel with commercial and residential potential.
      7220 N DELTONA BOULEVARD, CITRUS SPRINGS, FL 34434
      View Details
    • $27,500

      Citrus Springs Corner Lot

      0.28 acre corner lot near future commercial hub.
      9540 N PINEVIEW Way, Citrus Springs, FL 34434
      View Details
    • $22,950

      Corner Lot in Citrus Springs

      Oversized corner lot with public utilities available.
      11016 N Mataro Avenue, Citrus Springs, FL 34434
      View Details
    • $199,000

      Citrus Springs Commercial Development Land

      1.64 acre commercial parcel on U.S. 41 in Citrus Springs.
      10523 N Florida Avenue, Citrus Springs, FL 34434
      View Details
    • $199,000

      Prime Development Land on U.S. 41

      1.78 acres poised for growth in Citrus Springs, Florida.
      10458 N Florida Avenue, Citrus Springs, FL 34434
      View Details
    • $35,000

      Citrus Springs Vacant Homesite

      Vacant homesite in Citrus Springs, build your dream home!
      6925 N Fountainhead Drive, Citrus Springs, FL 34433
      View Details
    • $199,900

      Citrus Springs 5.25-Acre Lot

      5.25-acre lot in Citrus Springs, zoned for recreational use.
      8808 N DELTONA BOULEVARD, CITRUS SPRINGS, FL 34434
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in a desirable Citrus Springs neighborhood.
    Where is this residential land & home lot located?
    The property is located at 8622 N Empire Avenue Citrus Springs, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Opportunity to build a dream home on a .23 acre high‑and‑dry lot.; Located in the desirable Citrus Springs neighborhood with mostly newer homes.; Convenient access to golf, shopping, and the Withlacoochee State Trail.
    (352) 637-6200
    We can help!
    Listing Contact
    Mark States
    Mark States
    Real Estate License ID: 3216965
    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
    8622 N Empire Avenue, Citrus Springs, FL 34433
    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!