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    C 478 Webster, FL 33597

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    C 478 Webster, FL 33597

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    • Mixed-use properties
    • 302.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 C 478

    Lot size
    302.12 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 302.12-acre property in Webster, Florida, presents a unique opportunity for large-scale residential development. Located in Sumter County, with a 33597 zip code, this land boasts convenient access to major Florida cities, including Tampa and Orlando (within an hour's drive) and The Villages (within 25 minutes). The property's strategic location within the city of Webster's Joint Planning Agreement Area offers significant advantages. Crucially, access to city water and sewer is readily available across the street, a considerable benefit for a project of this magnitude. The mostly flat terrain, punctuated by mature oak trees and a spring-fed pond, provides a picturesque setting. Currently zoned AG, the property is suitable for various residential development scenarios, from smaller ranchette communities to higher-density projects (subject to city annexation and land use changes). Comparable sales in the area support the asking price of $15,000,000, especially considering the readily available city utilities. While approximately 95% of the property lies within Flood Zone X, the overall potential for development remains substantial. Site visits are by appointment only, and there is currently livestock on the property

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Sumter
    State
    Florida
    Longitude
    -82.0589
    Latitude
    28.6137

    Comparable in this City

    • Value Estimation by Request
      3,885 SF

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    • Value Estimation by Request
      3,885 SF

      267 Market Blvd

      Mixed-use properties • 3,885 SF
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    • Value Estimation by Request

      Sumter County Rd 675

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      0 Sumter County Rd 675, Webster, FL 33597
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    • Value Estimation by Request
      195.50 Acres

      8487 State Rte

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      19.22 Acres

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      Land • 19.22 Acres
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      17.00 Acres

      8836 State Rte

      Land • 17.00 Acres
      8836 State Rte, Webster, FL 33597
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    Similar Nearby for Sale

    • Contact for pricing
      3,885 SF

      Webster Mixed-Use Development Opportunity

      Three buildings on 2.32 acres with high visibility and access.
      267 N Market Blvd, Webster, FL 33597
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    • $85,000
      1.00 Acre

      Land Block in Webster, Florida

      Four fenced and relatively clear lots in Webster, Florida.
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    • $49,900
      Pending

      2.43 Acres in Webster, Florida

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    • Contact for pricing

      Land For Sale

      Land available in Webster, Florida.
      7430 Treiman Blvd, Webster, FL 33597
      View Details
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    C 478
    Webster, FL 33597
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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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