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    2886 Lambert Dr Citrus Springs, FL 34433

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    2886 Lambert Dr Citrus Springs, FL 34433

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    • Commercial real estate
    Off-Market
    Property ID
    US18-4575057
    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 2886 Lambert Dr

    Property type
    Commercial real estate

    Description

    This exceptional 10,018.8 square foot lot presents a unique opportunity in the charming town of Citrus Springs, Florida. Located at 2886 W Lambert Drive, 34433, this property is zoned for both commercial and residential use, offering incredible versatility for developers or individuals seeking to build their dream home. The land's size provides ample space for a variety of construction projects, allowing for creative design and functionality. Its prime location offers easy access to the Withlacoochee State Trail, a 47-mile trail perfect for biking, hiking, and enjoying the natural beauty of the surrounding area. The quiet, small-town atmosphere of Citrus Springs combines the tranquility of nature with a rich railroad history, creating a unique and desirable setting. This property is priced at $15,500 and represents an excellent investment opportunity in a growing Florida community. The property's proximity to the state trail and its blend of commercial and residential zoning make it an attractive option for a wide range of potential uses. Don't miss this chance to acquire a piece of land in this picturesque and historically significant location. The latitude and longitude coordinates are 28.960238, -82.485167 respectively. Citrus County provides a desirable location for those seeking a peaceful yet accessible lifestyle.

    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
    Citrus Springs
    County
    Citrus
    State
    Florida
    Longitude
    -82.485167
    Latitude
    28.960238

    Comparable in this City

    • $319,900
      Pending

      Dunnellon Farm with Two Residences

      9.82-acre farm with two residences, ideal for multi-generational living.
      4982 W Woodlawn St, Dunnellon, FL 34433
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      0.24 Acres

      Residential Land in Citrus County

      0.24 acre residential property, site-built homes only, near Crystal River.
      10048 N Holyoak Ter, Dunnellon, FL 34433
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      0.23 Acres

      Residential Land in Citrus Springs

      0.23-acre lot zoned for single-family residence in Citrus Springs.
      8864 N Barbados Way, Citrus Springs, FL 34433
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      0.24 Acres

      Citrus Springs Residential Lot For Sale

      0.24 acre lot in Citrus Springs, ideal for single-family homes.
      3227 W Kirkwood Pl, Dunnellon, FL 34433
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      0.28 Acres

      Residential Lot in Citrus Springs

      Residential lot in a quiet, growing area with investment potential.
      6501 N Winlock Ter, Dunnellon, FL 34433
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      0.29 Acres

      Corner Lot in Citrus Springs

      Vacant lot in a growing community, ideal for custom home.
      6818 N Waycross Way, Citrus Springs, FL 34433
      View Details

    Similar Nearby for Sale

    • $319,900
      Pending

      Dunnellon Farm with Two Residences

      9.82-acre farm with two residences, ideal for multi-generational living.
      4982 W Woodlawn St, Dunnellon, FL 34433
      View Details
    • Contact for pricing
      0.24 Acres

      Residential Land in Citrus County

      0.24 acre residential property, site-built homes only, near Crystal River.
      10048 N Holyoak Ter, Dunnellon, FL 34433
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Citrus Springs

      0.23-acre lot zoned for single-family residence in Citrus Springs.
      8864 N Barbados Way, Citrus Springs, FL 34433
      View Details
    • Contact for pricing
      0.24 Acres

      Citrus Springs Residential Lot For Sale

      0.24 acre lot in Citrus Springs, ideal for single-family homes.
      3227 W Kirkwood Pl, Dunnellon, FL 34433
      View Details
    • Contact for pricing
      0.28 Acres

      Residential Lot in Citrus Springs

      Residential lot in a quiet, growing area with investment potential.
      6501 N Winlock Ter, Dunnellon, FL 34433
      View Details
    • Contact for pricing
      0.29 Acres

      Corner Lot in Citrus Springs

      Vacant lot in a growing community, ideal for custom home.
      6818 N Waycross Way, Citrus Springs, FL 34433
      View Details
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    Citrus Springs, FL 34433
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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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    2886 Lambert Dr, Citrus Springs, FL, 34433

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