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    15551 N Us Highway 301 Citra, FL 32113

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    15551 N Us Highway 301 Citra, FL 32113

    View on Map
    • Auto shops
    • 3,062 SF
    Off-Market
    Property ID
    US18-3374242
    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

    • BFE AUTO REPAIR - We buy Cars & Trucks, NEW & USED TIRES, Towing & Storage / Hardware & Home Improvement / General Contractor

    Property Details for 15551 N Us Highway 301

    Year built
    1994
    Property size
    3,062 SF
    Property type
    Auto shops
    Property subtype
    Commercial land

    Description

    Bring an offer! Motivated Seller! B-4 Zoning the highest use classification; you can make this acreage a shopping center, sports arena, contractor yard, storage facility or a skate ring. The uses are numerous. Currently this property is being used as an automotive repair shop, a lucrative core busin ... ess and a tow yard. Tow truck and other equipment included with the right offer. Move in ready to start your own automotive repair business or other. Business has 3 bays, plenty of parking and an office space. New electrical system 2018 with 200 amps, the home and business each have their own meters and there are security lights. This offering comes with a gated 3 bedroom 2 bath doublewide located on the premises as well. Situated on the busy Hwy of 301; LOCATION LOCATION LOCATION! This business is considered a part of the metropolitan area of Ocala Fl. The population of Ocala in 2020 is 61,719 with an annual growth rate of 1.06%. The traffic count for Hwy 301 is 13,300 per day. Hwy 301 is a 4-lane Hwy at this juncture. This is the route taken to go north to Jacksonville. The estimated overall capitalization rate is 13% with an estimated NOI of $64,269 annually.

    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
    Citra
    County
    Marion
    State
    Florida
    Longitude
    -82.131035
    Latitude
    29.375381

    Comparable in this City

    • $449,000
      3.09 Acres

      Citra Commercial Land on Highway

      3-acre commercial parcel with highway frontage in Citra, Florida.
      18111 N Us Highway 301, Citra, FL 32113
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    • $30,000
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      Citra Land Near Orange Lake

      Land with well, septic, and power pole near Orange Lake.
      731 Highway 318 W, Citra, FL 32113
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    • $1,750,000
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      Prime Commercial Land on US Hwy

      18+ acres with highway frontage in Citra, Florida.
      301 Tbd, Citra, FL 32113
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    • $45,000
      0.39 Acres

      Commercial Land on US Hwy 441

      Commercial land in a high-traffic area near major retailers.
      N Us Highway 441, Citra, FL 32113
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    • $2,950,000

      Citra Gateway Land Opportunity

      38.62 acres prime land for commercial or equestrian development.
      12995 N Us Highway 441, Citra, FL 32113
      View Details

    Similar Nearby for Sale

    • $449,000
      3.09 Acres

      Citra Commercial Land on Highway

      3-acre commercial parcel with highway frontage in Citra, Florida.
      18111 N Us Highway 301, Citra, FL 32113
      View Details
    • $45,000
      0.39 Acres

      Commercial Land on US Hwy 441

      Commercial land in a high-traffic area near major retailers.
      N Us Highway 441, Citra, FL 32113
      View Details
    • $2,950,000

      Citra Gateway Land Opportunity

      38.62 acres prime land for commercial or equestrian development.
      12995 N Us Highway 441, Citra, FL 32113
      View Details
    • $1,750,000
      18.06 Acres

      Prime Commercial Land on US Hwy

      18+ acres with highway frontage in Citra, Florida.
      301 Tbd, Citra, FL 32113
      View Details
    • $30,000
      0.20 Acres

      Citra Land Near Orange Lake

      Land with well, septic, and power pole near Orange Lake.
      731 Highway 318 W, Citra, FL 32113
      View Details
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    Citra, FL 32113
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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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    15551 N Us Highway 301, Citra, FL, 32113

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