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Property profile & analytics
OFF-MARKET
Land

0 102Nd Pl Belleview, FL 34420

15.43 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.43-acre commercial land parcel presents a remarkable multifamily development opportunity in the thriving city of Belleview, Florida. Located within city limits, this B2-zoned property boasts a strategic position between The Villages and Ocala, offering convenient access to a new Publix supermarket, schools, retail establishments, and restaurants. The site is ideally suited for a substantial multifamily project, with entitlements updated to reflect the original plans for a 166-unit townhouse development. While a 2013 city addition of a "Business District" reduced permitted density to 124 units, the Planning and Zoning department is supportive of increasing the density back to the originally permitted 166 units. The seller is willing to accommodate the necessary time for modifications to achieve this. Infrastructure is already in place, including a completed underground utility system and lift station (re-certified recently). Detailed site plans and architectural plans are available, encompassing eight apartment buildings, a clubhouse, and other amenities. This property represents a rare chance to address the significant need for workforce rental housing in the area, making it an attractive investment with strong potential for substantial returns. The APN is 37012-001-00. The asking price is $2,000,000.

Property profile
Verified
Property type Land
Lot 15.43 ac (672,131 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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