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    Property profile & analytics
    OFF-MARKET Estimated value $5,275,000
    Commercial real estate

    1698 Rucks Dairy Rd, Frostproof, FL 33843-9420

    20,400 SF 28.78 ac lot Built 2007
    Individually Owned 19-yr Hold Free & Clear
    Property ID
    US18-7781408
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.54M
    Comparable Approach Comparable
    $4.66M
    Blend (final) Blend
    $5.28M
    Owner & transaction history
    Phillip Rucks Citrus Nursery I · 19 yrs held
    Phillip Rucks Citrus Nursery I
    since 2006
    5 recorded transactions
    2016
    2006
    $295,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $6.3M +9.2%
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