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    12120 53Rd Terrace Rd Belleview, FL 34420
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    Property profile & analytics

    12120 53Rd Terrace Rd, Belleview, FL 34420

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    • Commercial real estate
    Off-Market
    Property ID
    US18-3867758
    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

    • Commercial real estate

    Property Details for 12120 53Rd Terrace Rd

    Year built
    1984
    Property type
    Commercial real estate
    APN
    38523-001-00

    Description

    Laurel Village presents a compelling investment opportunity in the thriving Belleview, Florida rental market. This multifamily property comprises 15 units – six duplexes and one triplex – totaling 6,849 net rentable square feet, situated on a single parcel with an address of 12120 SE 53rd Terrace Rd, Belleview, FL 34420. Built between 1984 and 1988, the seven buildings are zoned R3 and boast 100% occupancy. The unit mix includes twelve two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units. All two-bedroom units feature washer/dryer hookups. The property's strong pro-forma NOI of $114,124, coupled with an asking price of $1,950,000 ($130,000 per unit), indicates significant potential for return on investment. Its strategic location between Ocala and The Villages, Florida's rapidly expanding "Friendliest Hometown," provides exceptional access to a robust rental demand. Furthermore, its proximity to the Florida Crossroads Commerce Park, a major distribution hub, further enhances its appeal. Current rents are below market, presenting a clear value-add opportunity for the astute investor. The property's APN is 38523-001-00. This is a rare chance to acquire a well-located, high-occupancy multifamily complex in a rapidly growing area.

    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
    Belleview
    County
    Marion
    State
    Florida
    Longitude
    -82.0601243
    Latitude
    29.0460626

    Comparable in this City

    • $650,000
      5.00 Acres

      Mobile Home Park Zoned Land

      5 acre lot zoned for mobile home park use.
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    • $475,000

      Belleview Multifamily Investment Opportunity

      Six-unit multifamily property with income and value-add potential.
      11585 SE 59Th Ave, Belleview, FL 34420
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    • $1,800,000

      Belleview Mixed-Use Development Opportunity

      7.95 acres for commercial and multi-family development on 441/301.
      4799 SE 106Th Place Rd, Belleview, FL 34420
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    • Contact for pricing

      Two Development Projects in Marion County

      Two manufactured housing development projects in fast-growing Marion County.
      11965 SE Us Highway 301, Belleview, FL 34420
      View Details

    Similar Nearby for Sale

    • $650,000
      5.00 Acres

      Mobile Home Park Zoned Land

      5 acre lot zoned for mobile home park use.
      10389 SE 50Th Ave, Belleview, FL 34420
      View Details
    • $475,000

      Belleview Multifamily Investment Opportunity

      Six-unit multifamily property with income and value-add potential.
      11585 SE 59Th Ave, Belleview, FL 34420
      View Details
    • $1,800,000

      Belleview Mixed-Use Development Opportunity

      7.95 acres for commercial and multi-family development on 441/301.
      4799 SE 106Th Place Rd, Belleview, FL 34420
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    • $1,500,900
      10,884 SF

      Belleview Mobile Home Park

      Mobile home park with stable rental history near The Villages.
      12656 SE 78Th Ter, Belleview, FL 34420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space with B5 Zoning

      Retail space available for rent with versatile B5 zoning.
      12021 SE County Highway 484, Belleview, FL 34420
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    • $600 /Mo
      245 SF

      Belleview Retail Space For Rent

      Retail space in a high-traffic location with utilities included.
      4849 SE 110Th St, Belleview, FL 34420
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    • $23,400

      Retail Space For Lease

      1650 sq ft commercial space in busy area.
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    • $4,000 /Mo
      9,922 SF

      Belleview Office Space For Rent

      Professional office space in downtown Belleview, excellent visibility and accessibility.
      5608 SE 113Th St, Belleview, FL 34420
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    • Contact for pricing

      Retail Space For Rent

      Single tenant retail space available for rent.
      11310 Us Highway 301, Belleview, FL 34420
      View Details
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    Belleview, FL 34420
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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.

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    12120 53Rd Terrace Rd, Belleview, FL, 34420
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