Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Alco Rd Astor, FL 32102
    Back to Search
    Property profile & analytics

    Alco Rd Astor, FL 32102

    View on Map
    • Land
    • 8.68 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Alco Rd

    Lot size
    8.68 lot acres
    Property type
    Land

    Description

    This exceptional 8.68-acre commercial land parcel presents a unique investment opportunity in Astor, Florida. Located outside the FEMA floodplain, this high and dry property boasts dual road frontage on SR 40 and Alco Rd, offering versatile access and development potential. Zoned CP for planned commercial use, it's ideally suited for a strip mall development, aligning perfectly with the established commercial corridor extending 300 feet on either side of SR 40. The property comprises two parcels, providing flexibility in design and development. The asking price is $649,000, translating to $74,770 per acre. Conveniently situated in Lake County, Florida, with a 32102 zip code, this location offers easy access to essential utilities, with sewer and water readily available nearby. This prime commercial land presents a compelling opportunity for investors seeking high-growth potential in a strategic location. The L-shaped configuration of the land allows for creative site planning and multiple access points. Don't miss this chance to acquire a well-positioned, high-value commercial property in a thriving area.

    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
    -81.5343
    Latitude
    29.1418

    Comparable in this City

    • Value Estimation by Request

      24031 Bass Rd

      Land
      24031 Bass Rd, Astor, FL 32102
      View Details
    • Value Estimation by Request

      Possum Rd

      Multifamily properties
      0 Possum Rd, Astor, FL 32102
      View Details
    • Value Estimation by Request
      17.00 Acres

      Sr 40

      Land • 17.00 Acres
      0 Sr 40, Astor Park, FL 32102
      View Details
    • Value Estimation by Request
      1.27 Acres

      Panther Rd

      COMMERCIAL (GENERAL) • 1.27 Acres
      Panther Rd, Astor, FL 32102
      View Details
    • Value Estimation by Request
      2.01 Acres

      George St

      VACANT COMMERCIAL LAND • 2.01 Acres
      George St, Astor, FL 32102
      View Details
    • Value Estimation by Request
      0.28 Acres

      Lisa St

      VACANT COMMERCIAL LAND • 0.28 Acres
      Lisa St, Astor, FL 32102
      View Details

    Similar Nearby for Sale

    • $75,000
      1.54 Acres

      Vacant Land in Astor, Florida

      1.5+ acres of vacant land perfect for recreation or investment.
      Cherry Tree Rd, Astor, FL 32102
      View Details
    • $50,000
      0.17 Acres

      Buildable Lot in Astor, FL

      Vacant lot ready for development with utilities and storage sheds.
      Armadillo Rd, Astor, FL 32102
      View Details
    • $50,000
      Pending

      Land in Astor, Florida

      1.36 acre commercial land for sale in Astor, Florida.
      County Road 445A, Astor, FL 32102
      View Details
    • $150,000
      Pending

      Astor, Florida Land Opportunity

      0.36-acre lot near Lake George and St. Johns River.
      Fox Rd, Astor, FL 32102
      View Details
    • $150,000
      11.16 Acres

      Astor Land Parcel For Sale

      11.17 acre parcel in Astor, Florida, ideal for development.
      County Road 445A, Astor, FL 32102
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • $42,000
      4,542 SF

      Retail Space in Astor, Florida

      Retail space available for rent in Lake County, Florida.
      54750 County Road 445A, Astor, FL 32102
      View Details
    • $3,500 /Mo
      4,542 SF

      Versatile Building in ASTOR, FL

      Adaptable 4542 sq ft building suitable for various business uses.
      54750 County Road 445A, Astor, FL 32102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Alco Rd
    Astor, FL 32102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Alco Rd, Astor, FL, 32102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!