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

    8742 N NOBELTON WAY Other City - In The, State Of Florida, FL 34434

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 8742 N NOBELTON WAY Other City - In The, State Of Florida, FL
    For Sale
    $44,000

    Residential - Other City - In The State Of Florida, FL

    Added:
    Aug 22, 2025
    Days on Market:
    283
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 8742 N NOBELTON WAY Other City - In The

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18E175100170118000050

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    151

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carmen Sajin
    Carmen Sajin

    Listing agent Carmen Sajin License #3088316

    Listing office Beachfront Realty Inc 18205 Biscayne Blvd Ste 2205, Miami Beach, FL

    Listing date Aug 22, 2025

    MLS# A11650678 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great Location near Downtown
    • Fully Renovated
    • Mix of 1 and 2 Bedroom Units
    • Secured Access
    • Steps Away from Public Transportation
    • Excellent Investment Opportunity

    Overview

    This vacant land is located in the Citrus Spring Community. The area offers opportunities for outdoor recreation and is near shopping centers, medical facilities, and schools. It is located close to parks, freshwater springs, golf clubs, restaurants, and medical facilities. The Citrus Springs Community Center hosts events, meetings, and club activities. The property is a short drive to the Withlacoochee and Rainbow rivers for freshwater fishing, boating, and kayaking. Crystal River is also nearby for scalloping and swimming with the manatees. Citrus Springs offers paved bike trails, tennis courts, a golf course, parks, and a community center. The property is near the I-75 interstate. There are no HOA fees and no flood zone. The road is paved.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    State Of Florida
    County
    Leon
    State
    Florida
    Longitude
    -82.4503
    Latitude
    29.0044

    Nearby Similar for Sale

    • $450,000

      Profitable Coastal Rental Business Opportunity

      Turnkey rental business with high sales and growth potential.
      2239 15th St D, Other City - In The State Of Florida, FL 34237
      View Details
    • $150,000

      Tavares Vacant Commercial Lot For Sale

      Vacant commercial lot in the best medical area in Tavares!
      Lot 13 Salk Ave, Other City - In The State Of Florida, FL 32778
      View Details
    • $125,000

      Garage Shell with New Roof

      Garage shell with new roof, power, water, and sewer.
      1226 Hitakee Ave, Other City - In The State Of Florida, FL 33870
      View Details
    • $730,000

      Saint Cloud Industrial Lot For Sale

      1-acre industrial lot with 192 ft frontage on Hwy 192.
      6301 E IRLO BRONSON MEMORIAL HWY, Other City - In The State Of Florida, FL 34771
      View Details
    • $3,900,000
      13,000 SF

      Established Auto Dealership Business Opportunity

      Profitable auto dealership with real estate and wholesale capabilities.
      NW XXXX, Other City - In The State Of Florida, FL 33054
      View Details
    • $125,000
      1,439 SF

      Turnkey Cafe in Downtown Tampa

      Fully equipped French cafe and bakery in prime Tampa location.
      777 N Ashley Dr Tampa, FLSuite D-2, Other City - In The State Of Florida, FL 33602
      View Details
    • $625,000

      Prime Land Development Opportunity

      Rare land in a prime location for development.
      1744 10th St, Other City - In The State Of Florida, FL 34236
      View Details
    • $150,000

      Residential Lot in Coastal Community

      0.26-acre vacant residential lot in Tarpon Springs, Florida.
      0 HARBOUR WATCH DR, Other City - In The State Of Florida, FL 34689
      View Details
    • $180,000

      Residential Lot in Gated Community

      0.30-acre vacant residential lot in Tarpon Springs, Florida.
      0 HARBOUR WATCH CIR, Other City - In The State Of Florida, FL 34689
      View Details
    • $599,000

      Prime Commercial Lot in Orlando

      24,829 SF commercial lot in high-traffic Orlando location.
      0 N Semoran Blvd N SEMORAN BLVD, Other City - In The State Of Florida, FL 32807
      View Details
    • $299,000

      Riverfront Lot with Approved Plans

      Riverfront lot with plans for a 2,715 SF home.
      18011 Riverchase Ct, Other City - In The State Of Florida, FL 33920
      View Details
    • $166,900

      Residential Lot in Haines City

      2.24-acre residential corner lot in growing Haines City, Florida.
      0 Jennings Rd, Other City - In The State Of Florida, FL 33844
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land in Citrus Spring Community, great investment opportunity.
    Where is this residential land & home lot located?
    The property is located at 8742 N NOBELTON WAY Other City - In The State Of Florida, FL.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: Great Location near Downtown; Fully Renovated; Mix of 1 and 2 Bedroom Units
    (305) 405-0615
    We can help!
    Listing Contact
    Carmen Sajin
    Carmen Sajin
    Real Estate License ID: 3088316
    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
    8742 N NOBELTON WAY, Other City - In The State Of Florida, FL 34434
    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!