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    24031 Bass Rd Astor, FL 32102
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    24031 Bass Rd Astor, FL 32102

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    • Commercial real estate
    Off-Market
    Property ID
    US19-0490636
    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 24031 Bass Rd

    Property type
    Commercial real estate

    Description

    This exceptional .5-acre (22,002.16 sq ft) commercial and residential lot is situated in Astor, Florida, in Lake County (zip code 32102), at 24031 Bass. Priced at $48,900, this property presents a unique opportunity for investors and developers. Located in a golf cart community, it offers convenient access to a private boat ramp less than a mile away (a small annual fee applies for key access). Impact fees have already been paid, representing significant cost savings for the buyer. The lot is partially cleared, making it ready for immediate development. This property's versatility allows for a range of uses, from residential construction to commercial ventures. The location boasts proximity to a new park and library, adding to its appeal. Outdoor enthusiasts will appreciate the nearby trail riding and springs. For those seeking a larger investment, three adjacent lots are also available for purchase. These additional lots comprise two quarter-acre parcels, one including a 2/1.5 multi-family home, and an 11-acre parcel. The combined purchase of all four lots totals nearly 12 acres for $250,000. Note that there is no HOA. Potential buyers are responsible for conducting their own due diligence before submitting an offer. Coordinates: Latitude 29.172308, Longitude -81.542208.

    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
    Astor
    County
    Lake
    State
    Florida
    Longitude
    -81.542208
    Latitude
    29.172308

    Comparable in this City

    • $75,000
      1.54 Acres

      Vacant Land in Astor, Florida

      1.5+ acres of vacant land perfect for recreation or investment.
      Cherry Tree Rd, Astor, FL 32102
      View Details
    • $50,000
      0.17 Acres

      Buildable Lot in Astor, FL

      Vacant lot ready for development with utilities and storage sheds.
      Armadillo Rd, Astor, FL 32102
      View Details
    • $229,000

      Astor Canal-Front Lot For Sale

      Waterfront lot with St. Johns River access in Astor, Florida.
      55813 Sam St, Astor, FL 32102
      View Details
    • $675,000
      8.34 Acres

      Astor Commercial Land Opportunity

      8.34-acre commercial land with frontage on SR 40.
      40 Alco Rd, Astor, FL 32102
      View Details
    • $50,000
      Pending

      Land in Astor, Florida

      1.36 acre commercial land for sale in Astor, Florida.
      County Road 445A, Astor, FL 32102
      View Details
    • $150,000
      Pending

      Astor, Florida Land Opportunity

      0.36-acre lot near Lake George and St. Johns River.
      Fox Rd, Astor, FL 32102
      View Details

    Similar Nearby for Sale

    • $75,000
      1.54 Acres

      Vacant Land in Astor, Florida

      1.5+ acres of vacant land perfect for recreation or investment.
      Cherry Tree Rd, Astor, FL 32102
      View Details
    • $50,000
      0.17 Acres

      Buildable Lot in Astor, FL

      Vacant lot ready for development with utilities and storage sheds.
      Armadillo Rd, Astor, FL 32102
      View Details
    • $229,000

      Astor Canal-Front Lot For Sale

      Waterfront lot with St. Johns River access in Astor, Florida.
      55813 Sam St, Astor, FL 32102
      View Details
    • $675,000
      8.34 Acres

      Astor Commercial Land Opportunity

      8.34-acre commercial land with frontage on SR 40.
      40 Alco Rd, Astor, FL 32102
      View Details
    • $50,000
      Pending

      Land in Astor, Florida

      1.36 acre commercial land for sale in Astor, Florida.
      County Road 445A, Astor, FL 32102
      View Details
    • $150,000
      Pending

      Astor, Florida Land Opportunity

      0.36-acre lot near Lake George and St. Johns River.
      Fox Rd, Astor, FL 32102
      View Details

    Similar Nearby for Lease

    • $42,000
      4,542 SF

      Retail Space in Astor, Florida

      Retail space available for rent in Lake County, Florida.
      54750 County Road 445A, Astor, FL 32102
      View Details
    • $3,500 /Mo
      4,542 SF

      Versatile Building in ASTOR, FL

      Adaptable 4542 sq ft building suitable for various business uses.
      54750 County Road 445A, Astor, FL 32102
      View Details
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    Astor, FL 32102
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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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