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    561 Wacissa Ter Greenville, FL 32331
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    Property profile & analytics

    561 Wacissa Ter Greenville, FL 32331

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    • Commercial real estate
    • 283.00 lot acres
    Off-Market
    Property ID
    US18-5916446
    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 561 Wacissa Ter

    Lot size
    283.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 283-acre property in Madison County, Florida, presents a unique opportunity for outdoor enthusiasts and investors alike. Located conveniently between Madison and Perry, Florida, this land boasts abundant wildlife, including whitetail deer, hogs, turkeys, and waterfowl. An established network of interior roads provides easy access throughout the property, which features strategically placed food plots and shooting houses, enhancing the hunting experience. The property also includes a comfortable three-bedroom, two-bathroom home with an inviting open floor plan and a welcoming porch. Additional amenities include a fire pit for evening gatherings and a covered RV parking area under a pole barn, providing convenient accommodations for guests. The land is priced at $975,000, or approximately $3,445 per acre, reflecting its exceptional features and prime location. This turnkey recreational property offers the perfect blend of natural beauty, hunting opportunities, and comfortable living, making it an ideal retreat or investment. The address is 561 SW Wacissa Terrace, Greenville, FL 32331. This is a rare opportunity to own a substantial piece of Florida's natural landscape with established improvements.

    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
    Greenville
    County
    Madison county
    State
    Florida
    Longitude
    -83.656225
    Latitude
    30.324287

    Comparable in this City

    • New
      $799,500
      123.00 Acres

      Greenville Land with River Access

      123-acre property featuring pasture, pines, hardwoods, and river frontage.
      3282 NW Us 221 Hwy, Greenville, FL 32331
      View Details
    • $64,000
      7.07 Acres

      7.07 Acres in Shady Grove

      7.07-acre tract with 4-year-old pines in Shady Grove, FL.
      SW Wakulla Way, Greenville, FL 32331
      View Details
    • $117,000
      19.43 Acres

      19.4-Acre Land in Shady Grove

      19.4 acres in Shady Grove, ideal for homesite or hunting.
      SW Wonderwood St, Greenville, FL 32331
      View Details
    • $69,000
      10.20 Acres

      10.2 Acres Wooded Land

      10.2 acre wooded corner lot in Greenville, Florida.
      E 2Nd Way, Greenville, FL 32331
      View Details
    • $155,000

      10 Acres with Existing Infrastructure

      Land with utilities, pole barn, and handyman special home.
      2907 Sundown Creek Rd, Greenville, FL 32331
      View Details
    • $374,900
      95.00 Acres

      95 Acres in Taylor County

      95-acre property offering natural beauty and open space.
      3220 Albert Hendry Rd, Greenville, FL 32331
      View Details

    Similar Nearby for Sale

    • New
      $799,500
      123.00 Acres

      Greenville Land with River Access

      123-acre property featuring pasture, pines, hardwoods, and river frontage.
      3282 NW Us 221 Hwy, Greenville, FL 32331
      View Details
    • $64,000
      7.07 Acres

      7.07 Acres in Shady Grove

      7.07-acre tract with 4-year-old pines in Shady Grove, FL.
      SW Wakulla Way, Greenville, FL 32331
      View Details
    • $117,000
      19.43 Acres

      19.4-Acre Land in Shady Grove

      19.4 acres in Shady Grove, ideal for homesite or hunting.
      SW Wonderwood St, Greenville, FL 32331
      View Details
    • $69,000
      10.20 Acres

      10.2 Acres Wooded Land

      10.2 acre wooded corner lot in Greenville, Florida.
      E 2Nd Way, Greenville, FL 32331
      View Details
    • $155,000

      10 Acres with Existing Infrastructure

      Land with utilities, pole barn, and handyman special home.
      2907 Sundown Creek Rd, Greenville, FL 32331
      View Details
    • $374,900
      95.00 Acres

      95 Acres in Taylor County

      95-acre property offering natural beauty and open space.
      3220 Albert Hendry Rd, Greenville, FL 32331
      View Details
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    Greenville, FL 32331
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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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