Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flat Dry Farmland Tract Title is generated by Realmo AI

    Vacant NE Dill Street, Madison, FL 32340

    View on Map
    Claim this Listing
    For Sale
    $295,000

    LAND - Madison, FL

    Lot size:
    36.70 Acres
    Added:
    May 22, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for Vacant NE Dill Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    12079-30-2N-10-6052-001-000
    Lot size
    36.70 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed, Well

    We can help!

    Listing Contact
    Benjamin Marinelli

    Listing agent Benjamin Marinelli License #3324872

    Listing office All Realty Services 310 S Jefferson St., Madison, FL

    Listing date May 22, 2026

    MLS# 400258 Listing URL

    Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 36 acres of flat, dry land suitable for agricultural or residential use.
    • Ideal for row crops and livestock grazing (if fenced).
    • Opportunity to build a home on the farm.
    • Located in Madison County, FL.
    • Land is divided into two parcels.
    • Requires well and septic system.

    Overview

    This listing offers vacant farmland consisting of approximately 36.7 acres of flat and dry land. The property is presented as two separate parcels, giving flexibility for agricultural and residential planning.

    Located in Madison County, Florida, the tract is identified with parcel numbers 30-2N-10-6052-001-000 and 30-2N-10-6052-001-02B. The seller’s remarks describe the land as well-suited for row crops and, if fenced, for grazing livestock.

    For buyers seeking a farm-and-home setup, the acreage can support agricultural use while also allowing room to build on-site. The two-parcel structure may also appeal to buyers looking for an arrangement that can accommodate both an operating portion and a separate area for residential development, subject to applicable regulations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madison
    County
    Madison
    State
    Florida
    Longitude
    -83.357401
    Latitude
    30.537904

    Nearby Similar for Sale

    • $525,000
      4,150 SF

      Turnkey Restaurant Property in Madison, FL

      Fully equipped restaurant with highway frontage and flexible future use.
      5806 NE Colin Kelly Highway, Madison, FL 32340
      View Details
    • $235,000

      Turnkey Bar and Grill Business

      Thriving bar and grill with licenses and equipment included.
      8144 S CR 53, Madison, FL 32340-0000
      View Details
    • $795,000

      Assisted Living and Residential Property

      Two-parcel property combining a residence, assisted living facility, and three-unit apartment needs extensive repairs.
      765 NE Delphinium Drive, Madison, FL 32340
      View Details
    • $450,000

      Madison County Multi-Use Land

      47 acres ideal for farming, homesteading, hunting, or income.
      1701 SW Moseley Hall Road, Madison, FL 32340
      View Details
    • $130,000

      Prime Hunting and Recreation Land

      13 acres of North Florida land perfect for outdoor adventures.
      652 NW Flowers Road, Madison, FL 32340
      View Details
    • $499,000

      Hunting and Recreational Land

      216 acres reached via private dirt road, with a singlewide mobile home and utilities for a ready country base camp.
      8412 SW Tower Road, Madison, FL 32340
      View Details
    • $120,000

      12 Acres of Prime Land

      12 acres in Madison, FL, perfect for homesite or recreation.
      6511 NW Flowers Road, Madison, FL 32340
      View Details
    • $115,000

      15.66 Acres Near Madison, FL

      15.66 acres of land near Madison, Florida for sale.
      Vacant SW Captain Brown Road, Madison, FL 32340
      View Details
    • $474,999
      7,375 SF

      Retail Storefront Property

      For-sale retail storefront property on SW Range Ave in Madison, FL, suited for neighborhood-oriented retail use.
      227 SW RANGE AVE, Madison, FL 32340
      View Details
    • $249,500

      40 Acres Hunting/Recreational Land

      40-acre Madison County retreat with amenities for hunting/recreation.
      870 SW SAN PEDRO Road, Madison, FL 32340
      View Details
    • $75,000

      Estate Homesite in Gated Community

      2.08-acre wooded homesite with paved roads and underground utilities in a gated Summerwood Estates community.
      NE OAKWOOD Way, Madison, FL 32350
      View Details
    • $360,000

      Prime Hunting and Recreation Land

      36 acres of North Florida land perfect for outdoor adventures.
      651 NW Flowers Rd., Madison, FL 32340
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Flat, dry acreage in Madison County suited for row crops, grazing, or building a home on the land.
    Where is this agricultural land / farmland located?
    The property is located at Vacant NE Dill Street Madison, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 36 acres of flat, dry land suitable for agricultural or residential use.; Ideal for row crops and livestock grazing (if fenced).; Opportunity to build a home on the farm.
    (850) 510-0178
    We can help!
    Listing Contact
    Benjamin Marinelli
    Real Estate License ID: 3324872
    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
    Vacant NE Dill Street, Madison, FL 32340
    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!