Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    060 Undetermined Summerfield, FL 34491

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    060 Undetermined Summerfield, FL 34491

    View on Map
    • Land
    • 9,583 SF
    • 0.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 060 Undetermined

    Lot size
    0.22 lot acres
    Property size
    9,583 SF
    Property type
    Land

    Description

    This exceptional 0.22-acre vacant land parcel presents a unique opportunity for residential development in the desirable Belleview subdivision of Summerfield, Florida. Located at 060 Undetermined, Summerfield, FL 34491, this property offers a spacious 9,583 square foot lot, ideal for constructing a new home. The lot's convenient location is directly across from 4010 SE 139th St., providing easy access to local amenities and transportation routes. The asking price for this remarkable property is $32,000. This represents an excellent investment opportunity in a thriving community. Buyers are encouraged to conduct their own due diligence to verify all information and confirm suitability for their intended use. The property is classified as vacant land and is ready for immediate development. Seize this chance to build your dream home in a sought-after Summerfield neighborhood. All utilities are available, but buyers should verify availability and connection costs with the relevant service providers. This is a rare opportunity to acquire a buildable lot in a desirable location. Don't miss out!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    12083
    State
    Florida
    Longitude
    -82.0516
    Latitude
    28.9854

    Comparable in this City

    • Value Estimation by Request
      1.25 Acres

      9494 Highway 42

      Land • 1.25 Acres
      9494 Highway 42, Summerfield, FL 34491
      View Details
    • Value Estimation by Request
      3.17 Acres

      Us Highway 441

      Land • 3.17 Acres
      0 Us Highway 441, Summerfield, FL 34491
      View Details
    • Value Estimation by Request

      13121 Hwy

      Land
      13121 Hwy, Summerfield, FL 34491
      View Details
    • Value Estimation by Request
      1.86 Acres

      Us-441

      Land • 1.86 Acres
      0 Us-441, Summerfield, FL 34491
      View Details
    • Value Estimation by Request
      4.13 Acres

      16000 97Th Terrace Rd

      Land • 4.13 Acres
      16000 97Th Terrace Rd, Summerfield, FL 34491
      View Details
    • Value Estimation by Request
      16.00 Acres

      6416 Highway 42

      Land • 16.00 Acres
      6416 Highway 42, Summerfield, FL 34491
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.22 Acres

      Land Ready to Build

      Land available for building with electric hookup in Summerfield.
      147 SE 147Th Pl, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Land Available in Summerfield, Florida

      Land for sale in Summerfield, Marion County, Florida.
      147 SE 147Th Pl, Summerfield, FL 34491
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease or Sale

      Two acres available for sale or ground lease.
      441 And Sunset Hbr Rd, Summerfield, FL 34491
      View Details
    • $30,000

      Highway Frontage Commercial Land Lease

      Two-acre commercial property with flexible zoning and high visibility.
      16262 Highway 475 S, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Proposed Shopping Center on 15+ Acres

      Proposed 120,000 sq ft shopping center on 15.45 acres.
      13601 Del Webb Blvd, Summerfield, FL 34491
      View Details
    • $3,600 /Mo
      1,500 SF

      Medical Office Space For Lease

      Shared medical office space available near Del Webb Spruce Creek.
      14031 Del Webb Blvd, Summerfield, FL 34491
      View Details
    • $21 SF/Yr
      3,000 SF

      Office or Medical Space Available

      Office or medical space for rent near The Villages.
      17820 SE 109Th Ave, Summerfield, FL 34491
      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.
    060 Undetermined
    Summerfield, FL 34491
    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.
    Sign Up Successful!
    You now have access to more from Realmo!