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    16000 SE 97Th Terrace Rd Summerfield, FL 34491

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    16000 SE 97Th Terrace Rd Summerfield, FL 34491

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    • Commercial land
    For Sale
    $1,600,000
    View Listing →
    Commercial Land For Sale For Sale
    $1,600,000

    Commercial Land For Sale

    4.46 acre commercial land on US Hwy 441.

    16000 SE 97th Terrace Road, Summerfield, FL 34491
    View Listing
    Property ID
    US18-3174491
    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 land

    Property Details for 16000 SE 97Th Terrace Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial Land for Sale. This 4.46 Acre Commercial is Located Directly on Us Hwy 441 in Front of What Will Soon Be a New 330 Lot Residential Subdivision (Sunset Hills)

    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
    -81.991242
    Latitude
    28.989074

    Comparable in this City

    • Contact for pricing

      Summerfield Vacant Land For Sale

      Vacant land on Highway 441, Summerfield, B-2 zoning.
      Us Highway 441, Summerfield, FL 34491
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      Prime Land on Hwy 441

      10.54 acres with highway frontage in rapidly growing Summerfield.
      Us Highway 441, Summerfield, FL 34491
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    • $1,499,999

      Commercial Land Near Future Hospital

      Seven acres with commercial potential near upcoming Veteran’s Administration hospital.
      16175 Us Highway 301, Summerfield, FL 34491
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    • $235,000
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      Commercial Lot Near Oxford Downs

      Commercial lot with easy access and few limitations.
      00 S Us Highway 301, Summerfield, FL 34491
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    • $950,000

      Highway 441 Commercial Land

      Commercial land with highway frontage near The Villages and Lake Weir.
      15070 Us Highway 441, Summerfield, FL 34491
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    • $500,000

      Land on Highway 441

      Land available on Highway 441 in Summerfield, Florida.
      00 Us Highway 441, Summerfield, FL 34491
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    Similar Nearby for Sale

    • Contact for pricing

      Summerfield Vacant Land For Sale

      Vacant land on Highway 441, Summerfield, B-2 zoning.
      Us Highway 441, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Prime Land on Hwy 441

      10.54 acres with highway frontage in rapidly growing Summerfield.
      Us Highway 441, Summerfield, FL 34491
      View Details
    • $1,499,999

      Commercial Land Near Future Hospital

      Seven acres with commercial potential near upcoming Veteran’s Administration hospital.
      16175 Us Highway 301, Summerfield, FL 34491
      View Details
    • $235,000
      1.17 Acres

      Commercial Lot Near Oxford Downs

      Commercial lot with easy access and few limitations.
      00 S Us Highway 301, Summerfield, FL 34491
      View Details
    • $950,000

      Highway 441 Commercial Land

      Commercial land with highway frontage near The Villages and Lake Weir.
      15070 Us Highway 441, Summerfield, FL 34491
      View Details
    • $500,000

      Land on Highway 441

      Land available on Highway 441 in Summerfield, Florida.
      00 Us Highway 441, Summerfield, FL 34491
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease or Sale

      Two acres available for sale or ground lease.
      441 And Sunset Hbr Rd, Summerfield, FL 34491
      View Details
    • $30,000

      Highway Frontage Commercial Land Lease

      Two-acre commercial property with flexible zoning and high visibility.
      16262 Highway 475 S, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Proposed Shopping Center on 15+ Acres

      Proposed 120,000 sq ft shopping center on 15.45 acres.
      13601 Del Webb Blvd, Summerfield, FL 34491
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    • $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
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    • $21 SF/Yr
      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
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    16000 SE 97Th Terrace Rd
    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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