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    34240 Co Rd 437 Sorrento, FL 32776

    Sponsored
    For Sale
    $2,250,000

    9.33 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.33-acre property in Sorrento, Florida, presents a unique investment opportunity. Located at 34240 Co Rd 437, 32776, near the intersection of SR 44 and Plymouth Sorrento Rd, it boasts over 13,000 cars passing daily. The land enjoys a prime location across from established businesses such as Publix and CVS, and the gated community of Sorrento Hills. This area is experiencing significant growth fueled by the extension of the 429. Nearby developments include residential projects along SR 46 and the recently launched Sorrento Pines community. The property features approximately 590 feet of frontage and is zoned A-1-20 (Agriculture), offering potential for rezoning. An existing 1,051 square foot residential building is also on the site. This versatile land parcel is ideal for various development projects, capitalizing on the area's burgeoning growth and strategic location. The asking price is $2,250,000.

    Property Features for 34240 Co Rd 437

    General Information

    Property type
    Farms
    Lot Size
    406,415 SF

    HighLights

    • 9.33‑acre commercial lot in Sorrento, FL, at 34240 Co Rd 437.
    • High traffic count exceeding 13,000 cars daily, near SR 44 and Plymouth Sorrento Rd.
    • Excellent visibility across from Publix, CVS, and Sorrento Hills.
    • A‑1‑20 (Agriculture) zoning, with rezoning potential.
    • Includes a 1,051 sq ft existing building.
    • $2,250,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sorrento
    County
    Lake
    State
    Florida
    Longitude
    -81.551520552473
    Latitude
    28.848474498809

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    FAQs

    What type of property is this?
    Farm - 9.33 Acres, High-Traffic Location
    Where is this farm located?
    The property is located at 34240 Co Rd 437 Sorrento, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 9.33-acre commercial lot in Sorrento, FL, at 34240 Co Rd 437.; High traffic count exceeding 13,000 cars daily, near SR 44 and Plymouth Sorrento Rd.; Excellent visibility across from Publix, CVS, and Sorrento Hills.
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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
    34240 Co Rd 437 Sorrento, FL 32776
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