Property profile

0 180Th St McAlpin, FL 32062

OFF-MARKET
Land
78 ac lot
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Property summary

AI-generated overview

This exceptional 78-acre ranch in McAlpin, Florida, presents a compelling investment opportunity. Located in Suwannee County (zip code 32062), this property boasts beautiful rolling terrain currently used as a hay field, offering potential for continued income generation. The eastern boundary features a mature hardwood line, adding to the property's natural beauty and providing a tranquil setting. The land is zoned Ag 1, allowing for various agricultural uses, including the possibility of converting the hay field to pastureland. With paved road frontage, the site is ideally suited for the development of a private country estate. Its convenient location offers proximity to the amenities of Lake City while also being close to area springs and rivers for recreational activities. The quiet, rural setting enhances its appeal as a peaceful retreat or a sound investment. The asking price is $608,400, translating to $7,800 per acre. Mineral rights are not included in the sale. This property offers a unique blend of agricultural potential, recreational access, and development possibilities, making it an attractive investment in the desirable Florida countryside. The coordinates are 30.1238494 latitude and -82.8399464 longitude.

Property profile

Verified
Property type Land
Lot 78 ac (3,397,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

180Th St McAlpin, FL 32062
McAlpin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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