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    Property profile & analytics

    Possum Rd Astor, FL 32102

    • Land
    For Sale
    View listing
    $249,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Possum Rd

    Property type
    Land
    Property subtype
    Residential income homes

    Description

    This exceptional investment opportunity encompasses four parcels totaling 522,149.36 square feet in Astor, Florida. The property includes a half-acre lot with impact fees paid and partial clearing, ready for development. Another quarter-acre lot is partially cleared and equipped with power, offering immediate utility. A third quarter-acre lot features a single-wide mobile home, ideal for renovation or replacement. The package is completed by an expansive 11-acre parcel situated at the corner of Blue Creek Road and Possum Road, extending to Maple Road. This strategic location provides access to a golf cart community and a private boat ramp (subject to a small annual fee). Nearby amenities include a park and library, while outdoor enthusiasts will appreciate the proximity to hunting grounds, trails, and natural springs. The asking price for this unique portfolio is $249,000. Prospective buyers are responsible for conducting thorough due diligence before submitting offers. The property is zoned for commercial and residential use, presenting versatile development potential. This is a rare chance to acquire a substantial land holding in a desirable Florida location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Astor
    County
    Lake
    State
    Florida
    Longitude
    -81.5388
    Latitude
    29.1737

    Comparable in this City

    • Value Estimation
      $1,575,000
      1,440 SF

      1575 State Rd 40

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
      1575 State Rd 40, Astor, FL 32102-7910
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    • Value Estimation by Request

      24031 Bass Rd

      Land
      24031 Bass Rd, Astor, FL 32102
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    • Value Estimation by Request
      8.68 Acres

      Alco Rd

      Land • 8.68 Acres
      0 Alco Rd, Astor, FL 32102
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    • Value Estimation by Request
      17.00 Acres

      Sr 40

      Land • 17.00 Acres
      0 Sr 40, Astor Park, FL 32102
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    • Value Estimation by Request
      1,200 SF

      25716 Powell Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      25716 Powell Dr, Astor, FL 32102-3618
      View Details
    • Value Estimation by Request
      1,048 SF

      22212 State Rd 40

      OFFICE/RESIDENTIAL (MIXED USE) • 1,048 SF
      22212 State Rd 40, Astor, FL 32102-3424
      View Details

    Similar Nearby for Sale

    • $249,000

      Astor, FL Multifamily Land Investment

      Four Lots, 522K SF, Prime Location
      0 Possum Rd, Astor, FL 32102
      View Details
    • $48,900

      Astor, FL Commercial Land - $48,900

      Prime .5-acre lot, ideal for development.
      24031 Bass Rd, Astor, FL 32102
      View Details
    • $340,000

      20 Acres on State Road

      20 acres of land suitable for commercial or multi-family redevelopment.
      23833 E State Road 40, Astor, FL 32102
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    • $80,000
      0.46 Acres

      Land Near St. Johns River

      Partially cleared land near St. Johns River boat ramp.
      24916 Butler St, Astor, FL 32102
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    • $550,000
      16.74 Acres

      Approved Homesites Near St. Johns River

      16.74 acres with 52 approved homesites near St. Johns River.
      Sr-40, Astor, FL 32102
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    • $160,000
      11.17 Acres

      Expansive Land Parcel in Astor, FL

      11.17-acre residential land parcel with buildable area and wetlands.
      S Fairview Ave, Astor, FL 32102
      View Details
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    Possum Rd
    Astor, FL 32102
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    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
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