Property profile

0 Schofield Rd Clermont, FL 34714

OFF-MARKET
Land
85 ac lot
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Property summary

AI-generated overview

This exceptional 85-acre parcel in Clermont, Florida, presents a remarkable land development opportunity. Located in the burgeoning Town Center neighborhood, this property offers significant potential for a variety of uses, including single-family residential (up to 340 units), multifamily (up to 300 units), mixed-use development (63 units), and commercial development (400+ units). The site benefits from substantial recent activity, including the sale of adjacent land to Hanover Family Builders and Olympus Sports & Entertainment. The Olympus project, a major professional sports training and recreational facility, is projected to create 6,000 jobs and $1.4 billion in economic impact. This development will significantly enhance the value and marketability of the remaining parcels. Utilities are estimated to be available for connection by the fourth quarter of 2019. The asking price for this prime development land is $9,775,000. This is a unique chance to capitalize on the explosive growth in the Clermont area and be part of a transformative project. Broker co-op is available.

Property profile

Verified
Property type Land
Lot 85 ac (3,702,600 SF)

Cap rate & NOI

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

Location

Schofield Rd Clermont, FL 34714
Clermont 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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