Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37 SE 989Th St Old Town, FL 32680

    • Investment properties
    • 960 SF
    • 7.80 lot acres
    For Sale
    View listing
    $1,200,000
    Last Sale
    Dec 22, 2021
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6027666
    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.

    Current Use by Public Records

    • Suwannee Bridge Nursery / Garden Center

    Property Details for 37 SE 989Th St

    Year built
    1985
    Construction
    WOOD
    Lot size
    7.80 lot acres
    Property size
    960 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    20-10-14-0000-6961-000.0
    APU
    201014000069610000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Old Town
    County
    Dixie
    State
    Florida
    Longitude
    -82.9392
    Latitude
    29.5901

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,675
    $187,000
    $31,500
    $218,500
    -
    $187,000
    $31,500
    $218,500

    Comparable in this City

    • Value Estimation by Request
      3,872 SF

      26725 Hwy 19

      STORE/OFFICE (MIXED USE) • 3,872 SF
      26725 Hwy 19, Old Town, FL 32680-8983
      View Details
    • Value Estimation
      $935,000
      3,492 SF

      49 903rd Ave

      STORE/OFFICE (MIXED USE) • 3,492 SF
      49 903rd Ave, Old Town, FL 32680
      View Details
    • Value Estimation by Request
      1,200 SF

      20864 Hwy 19

      STORE/OFFICE (MIXED USE) • 1,200 SF
      20864 Hwy 19, Old Town, FL 32680-4481
      View Details
    • Value Estimation by Request
      924 SF

      38 300Th Ave

      Mixed-use properties • 924 SF
      38 300Th Ave, Old Town, FL 32680
      View Details
    • Value Estimation by Request
      1.26 Acres

      Old Town, FL 32680

      VACANT COMMERCIAL LAND • 1.26 Acres
      Old Town, FL 32680
      View Details
    • Value Estimation by Request
      2.85 Acres

      Us Hwy 19

      VACANT COMMERCIAL LAND • 2.85 Acres
      Us Hwy 19, Old Town, FL 32680
      View Details

    Similar Nearby for Sale

    • $450,000
      924 SF

      Old Town Mixed-Use Commercial Property

      High-Visibility Hwy 19 Location, Endless Potential
      38 300Th Ave, Old Town, FL 32680
      View Details
    • $165,000
      6.34 Acres

      Old Town FL Commercial Land

      6.34 Acres, Suwannee Riverfront
      00 519Th Ave, Old Town, FL 32680
      View Details
    • Contact for pricing
      37.00 Acres

      Bob's River Place: Prime Recreational Land

      37 Acres, Suwannee Riverfront, Huge Potential
      2878 340Th St, Old Town, FL 32680
      View Details
    • $65,000
      4.83 Acres

      Wooded Land Parcel in Old Town

      Approximately 5-acre wooded parcel, ideal for site-built or mobile home.
      167 396 St, Old Town, FL 32680
      View Details
    • $125,000
      8.00 Acres

      8 Acres of Land in Old Town

      Two parcels totaling 8 acres in Old Town, Florida.
      105 NE 239Th Ave, Old Town, FL 32680
      View Details
    • Contact for pricing
      0.24 Acres

      Wooded Lot in Old Town

      Secluded .237-acre lot, ideal for mobile or single-family home.
      830Th St, Old Town, FL 32680
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37 SE 989Th St
    Old Town, FL 32680
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.