Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    831 116Th Ter Williston, FL 32696

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Build Your Dream Home in Florida!

    Property Features for 831 116Th Ter

    General Information

    Property type
    Specialty properties

    We can help!

    Listing Contact
    Onelio Perdomo Diaz

    Listing Agent: Onelio Perdomo Diaz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 20-acre vacant lot presents a unique opportunity for building your dream home and creating lasting family memories. Located in Williston, Florida, at 831 SE 116TH TERRACE, 32696, this property offers a prime location within a beautiful community. The land is considered virgin land, boasting easy access to essential utilities such as electricity and internet. Surrounded by paved streets, this property ensures convenient access and a well-established neighborhood feel. The zoning regulations allow for the construction of multiple residences; specifically, one or two homes per acre are permitted. This flexibility allows for the potential development of a family compound or the creation of additional income streams through rental properties. Furthermore, the property is suitable for planting, offering additional possibilities for landscaping and personal enjoyment. Priced at $400,000, this 20-acre parcel represents an excellent investment opportunity in a desirable Florida location. Don't miss this chance to own a piece of this beautiful community and build your dream. The property is conveniently located in Levy County, Florida, with coordinates 29.321605, -82.5762703.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.5762703
    Latitude
    29.321605

    Nearby Similar for Sale

    • $2,500,000
      4,950 SF

      Highway 27 Commercial Asset

      Commercial property with highway frontage, ideal for automotive or mechanical use.
      20761 Highway 27 NE, Williston, FL 32696
      View Details
    • $300,000
      1,602 SF

      Professional Office Building Investment Opportunity

      Well-maintained office building in Williston, ideal for various professional uses.
      510 SW 5Th Ter, Williston, FL 32696
      View Details
    • $1,300,000
      6,250 SF

      Williston Warehouse with Highway Frontage

      6,250 SF warehouse on 1.5 acres near Highway 27.
      20981 Us Highway 27, Williston, FL 32696
      View Details
    • New
      $825,000
      1,352 SF

      Equestrian Property with Income Potential

      Turnkey equestrian facility on 10+ acres with income potential.
      17885 NE 2Nd Pl, Williston, FL 32696
      View Details
    • $425,000
      2,356 SF

      Williston Farm with Equestrian Potential

      10.25-acre farm with a 4-bedroom home near equestrian centers.
      650 NE 170Th Ave, Williston, FL 32696
      View Details
    • New
      $675,000
      Pending

      Williston Farmhouse Estate on Acreage

      Spacious 5-bedroom farmhouse on 11+ acres near equestrian hubs.
      7050 NE State Road 121, Williston, FL 32696
      View Details
    • New
      $2,500,000
      2,738 SF

      Equestrian Estate in Central Florida

      72-acre equestrian estate with income potential near HITS and WEC.
      551 NE 200Th Ave, Williston, FL 32696
      View Details
    • $1,295,000
      2,280 SF

      Equestrian Compound Near World Equestrian Center

      Income-producing equestrian estate with training infrastructure near World Equestrian Center.
      6490 NE 167Th Ave, Williston, FL 32696
      View Details
    • $3,700,000
      3,627 SF

      Equestrian Farm with Training Facilities

      Horse farm with residences, barns, arenas, and training facilities.
      15151 NW 162Nd Ter, Williston, FL 32696
      View Details
    • $2,500,000
      Pending

      Elite Equestrian Estate in Williston

      72-acre equestrian estate with income potential near HITS and WEC.
      551 NE 200Th Ave, Williston, FL 32696
      View Details
    • $1,749,000
      320 SF

      Retail Gas Station in Williston

      Profitable gas station with redevelopment potential in a prime location.
      340 W Noble Ave, Williston, FL 32696
      View Details
    • $300,000

      Williston Professional Office Building Investment

      Well-maintained office building in Williston, currently operating as dental practice.
      510 SW 5Th Ter, Williston, FL 32696
      View Details

    FAQs

    What type of property is this?
    Specialty property - Build Your Dream Home in Florida!
    Where is this specialty property located?
    The property is located at 831 116Th Ter Williston, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; Special purpose property.; 20-acre vacant lot in Williston, FL.
    (786) 346-0642 Call to check price and availability
    Request Owner's contact information
    831 116Th Ter Williston, FL 32696
    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.
    831 116Th Ter
    Williston, FL 32696
    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
    831 116Th Ter Williston, FL 32696
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Onelio Perdomo Diaz
    Real Estate License ID: 3540849
    (786) 346-0642
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!