Property profile

1698 Rucks Dairy Rd Frostproof, FL 33843

OFF-MARKET
Commercial real estate
Property ID
US18-7781408
20,400 SF 28.78 ac lot Built 2007
Individually Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 29-acre property in Frostproof, Florida, presents a unique investment opportunity. Currently operating as a large-scale citrus nursery, one of the largest in the state, the property boasts approximately 270,578 square feet of covered space, including four large ranges averaging 54,172 square feet each. These ranges connect to a central 26,775 square-foot head house, providing a cool, efficient workspace for various agricultural uses. The head house also features a soil room with an inline mixing machine and a loading area for shipping. An additional 27,113 square feet of covered space houses mother stock. The property includes a 10-inch well with a variable frequency drive for efficient water usage and is protected by a windbreak of eucalyptus trees. Employee amenities include a large cafeteria-style break room, bathrooms, and a locker room. The property offers significant expansion potential with additional vacant acreage. Alternative uses could include ornamental nurseries, medical marijuana cultivation, or fruit and vegetable propagation. A manager's home and additional acreage are potentially available to a buyer. The asking price is $12,500,000, with a land value of $431,034 per acre. Located at 1698 Rucks Dairy Rd, Frostproof, FL 33843.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 20,400 SF
Lot 28.78 ac (1,253,439 SF)
APN 293217000000034040
UPID US18-7781408

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1698 Rucks Dairy Rd Frostproof, FL 33843-9420
Frostproof metro Census 15702 LAKELAND, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.54M
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$615k

Owner & transaction history

since 2006
5 recorded transactions
2016
Price N/A
2006
$295,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $6.3M +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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