Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215Th Ave Morriston, FL 32668
    Back to Search
    Property profile & analytics

    215Th Ave, Morriston, FL 32668

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

    Current Use by Public Records

    • Land

    Property Details for 0 215Th Ave

    Lot size
    82.22 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 82.22-acre agricultural property in Levy County, Florida, presents a unique opportunity for equestrian enthusiasts and agricultural investors. Located near the renowned HITS Winter Circuit (a quick 7.4-mile drive), this central Florida land boasts improved pastures perfect for grazing, complemented by mature oak stands and wooded areas. The soil is particularly suited for cultivating nutritious grass for horses and cattle. The property is perimeter-fenced on three sides, with power readily available along the northern boundary. An existing 8-inch irrigation well serves the eastern pasture, ensuring ample water resources. Zoned for Agricultural/Rural Residential use, this expansive parcel offers the potential to build a dream farm or develop other agricultural ventures. The property's APN is 0522500100, 0522700000. The asking price is $1,233,300, translating to $15,000 per acre. The address is SW 215th Ave, East Williston, FL 32668.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morriston
    County
    Levy
    State
    Florida
    Longitude
    -82.4155
    Latitude
    29.32

    Comparable in this City

    • Value Estimation by Request
      78.00 Acres

      14091 Highway 326

      Farms
      14091 Highway 326, Morriston, FL 32668
      View Details
    • Value Estimation by Request
      78.07 Acres

      150Th Ave

      Farms
      0 150Th Ave, Morriston, FL 32668
      View Details
    • Value Estimation by Request
      49.43 Acres

      49.43 Acres Levy County

      Multifamily properties
      0 49.43 Acres Levy County, Williston Highlands, FL 32668
      View Details
    • Value Estimation by Request
      20.00 Acres

      3670 148Th Ter

      Farms
      3670 148Th Ter, Morriston, FL 32668
      View Details
    • Value Estimation by Request
      420.87 Acres

      Highway 464B

      Farms
      0 Highway 464B, Morriston, FL 32668
      View Details
    • Value Estimation by Request
      6.66 Acres

      Sr 121

      Land
      0 Sr 121, Morriston, FL 32668
      View Details

    Similar Nearby for Sale

    • $4,500,000
      78.00 Acres

      Ocala Equestrian Estate

      78 Acres, Premier Horse Facility
      14091 Highway 326, Morriston, FL 32668
      View Details
    • Contact for pricing

      Central Florida Agricultural Land

      100+/- acre agricultural land in horse and cattle country.
      Northeast 130Th St, Williston, FL 32668
      View Details
    • $3,750,000
      78.00 Acres

      Equestrian Estate with Training Track

      78-acre Morriston, FL equestrian estate with training track.
      14091 Highway 326 W, Morriston, FL 32668
      View Details
    • $454,900

      Equestrian Property Near Ocala Venues

      5.21-acre equestrian property with home and animal facilities.
      6270 SE 147Th Ct, Morriston, FL 32668
      View Details
    • $465,000
      1,590 SF

      5-Acre Countryside Retreat

      5-acre property with a 3-bed, 2-bath home and pool.
      5130 SE 137Th Ave, Morriston, FL 32668
      View Details
    • Contact for pricing

      Ocala Equestrian Training Estate

      78-acre training and breeding estate in Ocala's equestrian corridor.
      14091 Highway 326 W, Morriston, FL 32668
      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.
    215Th Ave
    Morriston, FL 32668
    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
    215Th Ave, Morriston, FL, 32668
    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!