Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3031 Highway 41 Williston, FL 32696

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3031 Highway 41

    Property type
    Land

    Description

    This exceptional commercial land parcel, located at 3031 NE Highway 41 in Williston, Florida, presents a compelling investment opportunity. The property boasts a generous 53,535 square feet (approximately 1.26 acres), offering significant development potential. Its strategic location on Highway 41 ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The lot features approximately 249 feet of road frontage, providing ample space for building access and signage. This double corner lot is situated between NE 30th Lane and NE 31st PL, offering additional exposure and potential for multiple access points. The property is zoned C2, allowing for a range of commercial developments. The asking price is $130,000, and the APN is 0631200000. This prime location in Levy County, Florida, zip code 32696, offers excellent growth prospects and strong potential for return on investment. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.4558
    Latitude
    29.3592

    Comparable in this City

    • Value Estimation by Request
      1.25 Acres

      148Th Ter

      Land • 1.25 Acres
      0 148Th Ter, Williston, FL 32696
      View Details
    • Value Estimation by Request

      8Th St

      Land
      0 8Th St, Williston, FL 32696
      View Details
    • Value Estimation by Request

      Williston

      Land
      0 Williston, Williston, FL 32696
      View Details
    • Value Estimation by Request

      2351 120Th Ave

      Land
      2351 120Th Ave, Williston, FL 32696
      View Details
    • Value Estimation by Request
      10.00 Acres

      4331 127Th Ct

      Farms • 10.00 Acres
      4331 127Th Ct, Williston, FL 32696
      View Details
    • Value Estimation by Request
      0.20 Acres

      Williston, FL 32696

      VACANT COMMERCIAL LAND • 0.20 Acres
      Williston, FL 32696
      View Details

    Similar Nearby for Sale

    • $350,000
      20.00 Acres

      20 Acres Vacant Land Williston

      20-acre vacant land parcel zoned for multiple uses.
      TBA0 NE 40Th St, Williston, FL 32696
      View Details
    • $30,000

      Land For Sale Williston

      Land available for purchase in Williston, Florida.
      0000 NE 154Th Ter, Williston, FL 32696
      View Details
    • Contact for pricing
      Pending

      Secluded Land in Williston, Florida

      Two acres of land for recreational or investment purposes.
      NE 185Th Ct, Williston, FL 32696
      View Details
    • Contact for pricing

      Land in Williston Highlands

      Land located 10 minutes from downtown Williston, Florida.
      150 Ln, Williston, FL 32696
      View Details
    • Contact for pricing

      Wooded Lot Near State Road

      0.23-acre wooded lot with road access and visibility.
      000 NE State Road 121, Williston, FL 32696
      View Details
    • $590,000

      Land For Sale

      Land available for sale.
      00 SE 183Rd Ter, Williston, FL 32696
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Williston, Florida.
      345 W Noble Ave, Williston, FL 32696
      View Details
    • Contact for pricing
      51,000 SF

      Williston Industrial Portfolio

      Flex, Warehouse, Distribution Space
      12 5Th Pl, Williston, FL 32696
      View Details
    • Contact for pricing
      2,146 SF

      Drive-Thru Restaurant For Lease

      Drive-thru restaurant on 1.94-acre parcel with high visibility.
      425 W Noble Ave, Williston, FL 32696
      View Details
    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.
    3031 Highway 41
    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
    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

    Google sign-in failed. Please try again or use another login method.