Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Development Site in Summerfield Title is generated by Realmo AI

    9520 SE 156th Pl, Summerfield, FL 34491

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Corner lot near The Villages, ideal for various commercial uses.

    Type:Land
    Lot size:
    2.50 Acres
    Added:
    Jun 28, 2024
    Days on Market:
    705
    Last Refresh:
    May 12 at 10:32 pm

    Property Features for 9520 SE 156th Pl

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Scott Strem

    Listing agent Scott Strem License #FLORIDA BK3106245

    Listing office Morris Realty & Investments

    Listing date Jun 28, 2024

    Source Crexi

    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 Morris Realty & Investments

    HighLights

    • Prime development site consisting of 2.5 +/- acres on the corner of US HWY 441 and SE 156th PL.
    • Located just north of The Villages on busy Highway 441.
    • Zoned B‑2, allowing for retail, shopping center, restaurant, warehouse, office, or hotel.
    • 300’ of HWY 441 frontage with a median cut.
    • Average daily traffic count of 34,000 per day.
    • Engineering completed for a 12,000sf building; surveys and St. John Water Management permit available.

    Overview

    This development site, situated in The Villages area, comprises two lots at the corner of US HWY 441 and SE 156th PL, totaling approximately 2.5 acres. The location, just north of The Villages on Highway 441, benefits from a median cut and a daily traffic count of 34,000. The site features 300 feet of frontage on HWY 441. Zoned B-2, the property is suitable for various uses, including retail, shopping centers, restaurants, warehouses, offices, or hotels. Engineering is completed for a 12,000 square foot building. Surveys for each parcel and a St. John Water Management permit are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.995064
    Latitude
    28.9944526

    Nearby Similar for Sale

    • $1,250,000
      1,632 SF

      Equestrian Property with Two Residences

      10-acre equestrian property with two residences and horse facilities.
      4495 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $2,500,000

      Corner Land Parcel in Summerfield

      8.89 acres with frontage on CR 42 near The Villages.
      7415 SE HIGHWAY 42, SUMMERFIELD, FL 34491
      View Details
    • $975,000
      3,176 SF

      Updated Farm Near Equestrian Center

      7.84-acre farm with updated home, equestrian amenities, and guest apartment.
      1960 SE 150TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $1,200,000

      Equestrian Facility in Horse Capital

      16.70-acre horse farm with boarding and training facilities.
      16750 SE 19TH COURT, SUMMERFIELD, FL 34491
      View Details
    • $1,250,000
      1,440 SF

      Corner Land Parcel in Summerfield

      High-profile corner parcel suitable for retail or service business.
      13121 S US HIGHWAY 441, SUMMERFIELD, FL 34491
      View Details
    • $945,000

      Equestrian Farm Near Florida Horse Park

      12.97 acre equestrian farm near Florida Horse Park and WEC.
      815 SE 145TH STREET, SUMMERFIELD, FL 34491
      View Details
    • $725,000

      Highway Frontage Commercial Land Opportunity

      Three-acre commercial land parcel with highway frontage and multiple structures.
      10487 SE HIGHWAY 42, Summerfield, FL 34491
      View Details
    • $235,000

      Commercial Lot Near Oxford Downs

      Commercial lot with easy access and few limitations.
      00 S US HWY 301, SUMMERFIELD, FL 34491
      View Details
    • $4,300,000
      3,389 SF

      Equestrian Estate Near World Equestrian Center

      Legacy equestrian estate with barn, barndominium, and custom residence.
      6530 SE 156TH LOOP, SUMMERFIELD, FL 34491
      View Details
    • $595,000

      Picturesque Land in Silverleaf Hills

      10.06 acres of open pasture in gated equestrian community.
      Lot 25 SE 159TH LANE, SUMMERFIELD, FL 34491
      View Details
    • $990,000
      2,939 SF

      Highway Frontage Agricultural Property

      Two lots totaling 19.33 acres with highway frontage.
      13830 S US HIGHWAY 301, SUMMERFIELD, FL 34491
      View Details
    • $465,000
      1,986 SF

      Spacious Home on Acreage

      Three-bedroom home on 2.85 acres zoned A1.
      2700 SE 157TH LANE Rd, Summerfield, FL 34491
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot near The Villages, ideal for various commercial uses.
    Where is this commercial land located?
    The property is located at 9520 SE 156th Pl Summerfield, FL.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Prime development site consisting of 2.5 +/- acres on the corner of US HWY 441 and SE 156th PL.; Located just north of The Villages on busy Highway 441.; Zoned B‑2, allowing for retail, shopping center, restaurant, warehouse, office, or hotel.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Strem
    Real Estate License ID: FLORIDA BK3106245
    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
    9520 SE 156th Pl, Summerfield, FL 34491
    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!