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    10070 Highway 42 Summerfield, FL 34491
    Property profile & analytics

    10070 Highway 42, Summerfield, FL 34491

    View on Map
    • Office Spaces
    • 912 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US18-5500763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 10070 Highway 42

    Year built
    1983
    Lot size
    0.93 lot acres
    Property type
    Office Spaces

    Description

    This exceptional commercial property, located at 10070 SE Highway 42 in Summerfield, Florida, presents a unique investment opportunity. The 912 square foot office building sits on a highly visible 0.93-acre corner lot at the intersection of US Highway 441 and County Road 42, benefiting from significant daily traffic counts. Its strategic location, approximately one mile from The Villages, places it within a rapidly expanding area experiencing substantial growth. The property's prime location ensures excellent visibility and accessibility for any business. The building itself offers ample space for a variety of commercial uses, making it suitable for a wide range of potential tenants. A key advantage of this property is the inclusion of an existing billboard lease, generating a consistent stream of passive income. This adds significant value to the overall investment, providing a reliable return on investment beyond the potential rental income from the office space itself. The property is priced at $2,490,000 and offers a rare combination of high visibility, strong location, and an established income stream. This is an exceptional opportunity for investors seeking a stable and profitable commercial investment in a high-growth area. Further details regarding the billboard lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.98627
    Latitude
    28.98146

    Comparable in this City

    • $3,200,000

      Summerfield Commercial Property on US Hwy

      5-acre commercial property with two buildings and flexible lease.
      13866 S Us Highway 441, Summerfield, FL 34491
      View Details
    • $1,250,000
      Pending

      High-Visibility Corner Parcel For Sale

      Corner parcel zoned B-4, ideal for retail or office.
      13121 SE Us Highway 441, Summerfield, FL 34491
      View Details
    • $399,990
      10.90 Acres

      Land in Gated Community

      10+ acre A1 zoned land in Summerfield, Florida.
      16070 SE 55 Ave Rd, Summerfield, FL 34491
      View Details
    • $85,000
      1.97 Acres

      Land in Southeast Ocala

      1.97 acres of lightly wooded land near The Villages.
      00 SE 30Th Ave, Summerfield, FL 34491
      View Details
    • $449,990
      10.24 Acres

      Ocala A1 Zoned Land

      10.24 acres of A1 zoned land in Ocala, Florida.
      00 SE 47Th Ave, Summerfield, FL 34491
      View Details

    Similar Nearby for Sale

    • $1,250,000
      Pending

      High-Visibility Corner Parcel For Sale

      Corner parcel zoned B-4, ideal for retail or office.
      13121 SE Us Highway 441, Summerfield, FL 34491
      View Details
    • $3,200,000

      Summerfield Commercial Property on US Hwy

      5-acre commercial property with two buildings and flexible lease.
      13866 S Us Highway 441, Summerfield, FL 34491
      View Details
    • $399,990
      10.90 Acres

      Land in Gated Community

      10+ acre A1 zoned land in Summerfield, Florida.
      16070 SE 55 Ave Rd, Summerfield, FL 34491
      View Details
    • $85,000
      1.97 Acres

      Land in Southeast Ocala

      1.97 acres of lightly wooded land near The Villages.
      00 SE 30Th Ave, Summerfield, FL 34491
      View Details
    • $449,990
      10.24 Acres

      Ocala A1 Zoned Land

      10.24 acres of A1 zoned land in Ocala, Florida.
      00 SE 47Th Ave, Summerfield, FL 34491
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      3,000 SF

      Office or Medical Space Available

      Office or medical space for rent near The Villages, Florida.
      17820 SE 109Th Ave, Summerfield, FL 34491
      View Details
    • $3,600 /Mo
      1,500 SF

      Medical Office Space For Lease

      Shared medical office space available near Del Webb Spruce Creek.
      14031 Del Webb Blvd, Summerfield, FL 34491
      View Details
    • $43,200

      Medical Office Space For Lease

      Shared medical office space available near Del Webb Spruce Creek.
      14031 Del Webb Blvd, Summerfield, FL 34491
      View Details
    • Contact for pricing
      3,000 SF

      Office or Medical Space Available

      Office or medical space for rent near The Villages.
      17820 SE 109Th Ave, Summerfield, FL 34491
      View Details
    • $3 SF/Yr

      Summerfield Office Space on Highway

      Highly visible Summerfield office space suitable for medical or professional use.
      17809 SE 109Th Ave, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Highway 441 Frontage Building

      New 3,000 Sq Ft Office/Medical/Retail Space for rent.
      17154 SE 109Th Terrace Rd, Summerfield, FL 34491
      View Details
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    10070 Highway 42
    Summerfield, FL 34491
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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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