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    3422 State Rte Sumterville, FL 33585

    For Sale
    $1,000,000

    10 Acres, 1881 SF Building

    Property size:
    1,881 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10-acre commercial property in Sumterville, Florida, presents a unique investment opportunity. The 1,881 square foot, 2017-built building offers immediate rental income potential, while the expansive lot, zoned RR AG, holds significant future development potential. Located near Bushnell's joint planning agreement area and directly across from Wildwood city limits and land owned by The Villages, this property boasts approximately 465 feet of frontage on SR 471 and 935 feet of depth. The existing structure is a four-bedroom, two-bathroom block home with a lifetime metal roof, providing a solid return on investment while awaiting future development. Future road maps indicate potential development nearby. While current fence lines don't precisely match property lines, this is part of a larger family plot, with additional acreage potentially available. This property offers a blend of immediate income and long-term growth potential in a rapidly developing area. The asking price is $1,000,000.

    Property Features for 3422 State Rte

    General Information

    Property type
    Land
    Square Feet
    1,881 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built
    2017

    HighLights

    • 10‑acre commercial property in Sumterville, FL, offering immediate income and long‑term development potential.
    • 1,881 sq ft, 2017‑built building provides current rental income.
    • RR AG zoning allows for significant future development.
    • Prime location with 465 ft of frontage on SR 471, near Bushnell and The Villages.
    • Existing structure is a 4‑bedroom, 2‑bathroom block home with a metal roof.
    • Lot dimensions are approximately 940 x 460 feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sumterville
    County
    Sumter
    State
    Florida
    Longitude
    -82.0558287
    Latitude
    28.7054691

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 10 Acres, 1881 SF Building
    Where is this land located?
    The property is located at 3422 State Rte Sumterville, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 10-acre commercial property in Sumterville, FL, offering immediate income and long-term development potential.; 1,881 sq ft, 2017-built building provides current rental income.; RR AG zoning allows for significant future development.
    Request Owner's contact information
    3422 State Rte Sumterville, FL 33585
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    Sumterville, FL 33585
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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
    3422 State Rte Sumterville, FL 33585
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