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    2788 Somerset Rd Avon Park, FL 33825

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    2788 Somerset Rd Avon Park, FL 33825

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    • Commercial real estate
    • 20,400 SF
    • 0.47 lot acres
    Off-Market
    Property ID
    US18-3294791
    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 2788 Somerset Rd

    Lot size
    0.47 lot acres
    Property size
    20,400 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.47-acre vacant land parcel, encompassing lots 13 through 16, presents a remarkable opportunity for residential development in Avon Park, Florida. Located at 2788 W Somerset Road, zip code 33825, this property offers a desirable blend of tranquil country living and convenient access to urban amenities. The expansive 20,400 square foot lot provides ample space for construction, with the potential to build two homes, each boasting approximately 100 feet of road frontage. Its strategic location places it within minutes of Highway 27, ensuring effortless commuting and connectivity. Residents will appreciate the proximity to a variety of conveniences, including a Walmart supercenter, recreational facilities such as swimming and fishing spots, and a diverse selection of dining and shopping establishments, all within a radius of less than three miles. This property is situated in a highly sought-after subdivision, offering a welcoming community atmosphere. Don't miss this rare chance to create your ideal home in a prime location. The asking price for this exceptional property is $19,900.

    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
    Avon Park
    County
    12055
    State
    Florida
    Longitude
    -81.548787
    Latitude
    27.603854

    Comparable in this City

    • Contact for pricing
      0.23 Acres

      Land in Avon Park, FL

      Land available for building or investment in Avon Park.
      2848 W Redondo Rd, Avon Park, FL 33825
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    • Contact for pricing
      0.23 Acres

      Prime Avon Park Development Opportunity

      Expansive lot in Avon Park, ideal for residential or investment.
      3025 W Metuchen Rd, Avon Park, FL 33825
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      0.18 Acres

      Vacant Lot in Avon Park

      Vacant lot in Avon Park Lakes, partially cleared.
      470 N Barrie Rd, Avon Park, FL 33825
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      Avon Park Retail Outparcels

      Retail outparcels in front of Walmart with cross-access.
      801 Us Highway 27 N, Avon Park, FL 33825
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    • $40,000
      0.37 Acres

      Avon Park Land For Sale

      Two side-by-side lots in Avon Park Lakes area.
      3215 N Amherst Rd, Avon Park, FL 33825
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Land in Avon Park, FL

      Land available for building or investment in Avon Park.
      2848 W Redondo Rd, Avon Park, FL 33825
      View Details
    • Contact for pricing
      0.23 Acres

      Prime Avon Park Development Opportunity

      Expansive lot in Avon Park, ideal for residential or investment.
      3025 W Metuchen Rd, Avon Park, FL 33825
      View Details
    • Contact for pricing
      0.18 Acres

      Vacant Lot in Avon Park

      Vacant lot in Avon Park Lakes, partially cleared.
      470 N Barrie Rd, Avon Park, FL 33825
      View Details
    • Contact for pricing

      Avon Park Retail Outparcels

      Retail outparcels in front of Walmart with cross-access.
      801 Us Highway 27 N, Avon Park, FL 33825
      View Details
    • $40,000
      0.37 Acres

      Avon Park Land For Sale

      Two side-by-side lots in Avon Park Lakes area.
      3215 N Amherst Rd, Avon Park, FL 33825
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space on US Highway

      5,400 SF restaurant space with excellent highway access.
      802 Us Highway 27 S, Avon Park, FL 33825
      View Details
    • $1,954 /Mo
      1,675 SF

      Avon Park Commercial Unit For Rent

      Corner lot commercial unit with high visibility on U.S. Hwy 27.
      1659 Us Highway 27 N, Avon Park, FL 33825
      View Details
    • $1,750 /Mo
      1,480 SF

      Versatile Commercial Space, Avon Park

      1480 SF commercial space suitable for various business ventures.
      1029 W Townsend St, Avon Park, FL 33825
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    • Contact for pricing
      8,500 SF

      Prime Retail Space on US-27

      High-visibility retail space in Avon Park's commercial hub.
      1101 Us Highway 27 N, Avon Park, FL 33825
      View Details
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    2788 Somerset Rd
    Avon Park, FL 33825
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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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