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    37500 St Louis Ave Umatilla, FL 32784

    Sponsored
    For Sale
    $2,995,000

    92 Acres, R-6 Zoning, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 92-acre commercial land parcel presents a unique investment opportunity in Umatilla, Florida, within Lake County. Priced at $2,995,000, the property boasts significant development potential due to its R-6 zoning, allowing for up to six dwelling units per acre, totaling a maximum of 342 units based on the approximately 57 acres of upland area. The land includes substantial lake frontage on both Lake Bracy and Lake Smith, creating prime lakefront lots. The upland portion, a former orange grove, drains well and offers excellent building conditions. This expansive property is situated in a dynamic area experiencing significant growth in both transportation infrastructure and new residential development. The total acreage includes lakes, providing a diverse landscape and potential for various development strategies. The property's location in unincorporated Lake County offers additional advantages for investors seeking a prime location with high development potential. This is a rare opportunity to acquire a large-scale commercial land parcel with exceptional lakefront access and significant upside potential in a rapidly growing area of Florida.

    Property Features for 37500 St Louis Ave

    General Information

    Property type
    Land
    Lot Size
    4,007,520 SF

    HighLights

    • 92± acre commercial land parcel in unincorporated Lake County, Florida.
    • Approximately 57 acres of upland, plus lakes; total acreage 92± acres.
    • R‑6 zoning allows up to six dwelling units per acre (maximum 342 units).
    • Well‑drained upland area, former orange grove, ideal for development.
    • Lakefront lots available on Lake Bracy and Lake Smith.
    • Located in a rapidly growing area with significant new residential and transportation development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.6797689
    Latitude
    28.894718

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    FAQs

    What type of property is this?
    Land - 92 Acres, R-6 Zoning, High Development Potential
    Where is this land located?
    The property is located at 37500 St Louis Ave Umatilla, FL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: 92± acre commercial land parcel in unincorporated Lake County, Florida.; Approximately 57 acres of upland, plus lakes; total acreage 92± acres.; R-6 zoning allows up to six dwelling units per acre (maximum 342 units).
    Request Owner's contact information
    37500 St Louis Ave Umatilla, FL 32784
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    Umatilla, FL 32784
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    Realmo Value Estimation

    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.

    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.

    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
    37500 St Louis Ave Umatilla, FL 32784
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