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    14091 Highway 326 W Morriston, FL 32668
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    14091 Highway 326 W, Morriston, FL 32668

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    • Commercial real estate
    • 78.00 lot acres
    For Sale
    $3,750,000
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    Ocala Equestrian Training Estate For Sale
    $3,750,000
    78.00 Acres

    Ocala Equestrian Training Estate

    78-acre training and breeding estate in Ocala's equestrian corridor.

    14091 W Hwy 326, Morriston, FL 32668
    View Listing
    Property ID
    US18-1356939
    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 14091 Highway 326 W

    Lot size
    78.00 lot acres
    Property type
    Commercial real estate
    APN
    12141-000-00

    Description

    This exceptional 78-acre equestrian property in Morriston, Florida (APN 12141-000-00), offers a unique opportunity in Marion County's renowned horse country. Priced at $4,500,000 ($57,692/acre), this A1 zoned land includes a 5/8-mile racetrack, multiple paddocks, and training arenas, perfectly suited for high-performance thoroughbreds. An impressive office building overlooks the track, providing a central hub for management. On-site housing includes a residence suitable for an employee or facility manager, plus an apartment within one of the five barns, offering convenient living for staff. A maintenance shed with roll-up doors houses essential equipment. Currently operating as a successful thoroughbred breeding farm, the property is easily adaptable to a show jumping facility, catering to both amateur and professional equestrians. Its location adjacent to the HITS Ocala Winter Circuit provides unparalleled access to the equestrian community. This turnkey operation presents a rare chance to acquire a fully established and highly functional equine facility in a prime location. The property's investment potential is significant, given its existing infrastructure and strategic location within Ocala's thriving horse industry. This is a truly exceptional opportunity to own a piece of Ocala's equestrian legacy. The address is 14091 W Hwy 326, Morriston, FL 32668.

    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
    Morriston
    County
    Marion
    State
    Florida
    Longitude
    -82.3542682
    Latitude
    29.2837383

    Comparable in this City

    • Contact for pricing

      Central Florida Agricultural Land

      100+/- acre agricultural land in horse and cattle country.
      Northeast 130Th St, Williston, FL 32668
      View Details
    • Contact for pricing
      2,637 SF

      Serene Equine Retreat

      Private 14-acre farm with equestrian facilities and updated home.
      Unknown, Morriston, 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
    • New
      $1,475,000
      1,400 SF

      Turnkey Show Farm in Morriston

      10-acre show farm in Central Florida's horse country.
      21051 SE 42Nd St, Morriston, FL 32668
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Central Florida Agricultural Land

      100+/- acre agricultural land in horse and cattle country.
      Northeast 130Th St, Williston, FL 32668
      View Details
    • Contact for pricing
      2,637 SF

      Serene Equine Retreat

      Private 14-acre farm with equestrian facilities and updated home.
      Unknown, Morriston, 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
    • New
      $1,475,000
      1,400 SF

      Turnkey Show Farm in Morriston

      10-acre show farm in Central Florida's horse country.
      21051 SE 42Nd St, Morriston, FL 32668
      View Details
    View Listing
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    Morriston, FL 32668
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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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    14091 Highway 326 W, Morriston, FL, 32668
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