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    5960 SW 190Th Ave Southwest Ranches, FL 33332
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    5960 SW 190Th Ave Southwest Ranches, FL 33332

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    • Agricultural land / Farmland
    For Sale
    $2,500,000
    View Listing →
    Five Acre Agricultural Land Opportunity For Sale
    $2,500,000

    Five Acre Agricultural Land Opportunity

    Five acre property suitable for residential or commercial development.

    5960 SW 190th Ave, Southwest Ranches, FL 33332
    View Listing
    Property ID
    US18-2488154
    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

    • Agricultural land / Farmland

    Property Details for 5960 SW 190Th Ave

    Property type
    Agricultural land / Farmland
    Property subtype
    Horse & equestrian properties

    Description

    UNBELIEVABLE OPPORTUNITY TO OWN 5 ACRES FOR $2.5 MILLION! BUILD YOUR DREAM HOME OR BUSINESS! This lot can be subdivided (2.5 acres, no house/no trailers LAND ONLY). This exceptional property can be used to build your dream home or even two large multimillion dollar homes, a place to keep your horses, & is home to a thriving nursery filled with fruit and palm trees. The current home is a remodeled 3-bedroom, 2-bathroom home also features a flexible space, perfect for a home office. This property is ideal for expanding an agricultural business, equestrian pursuits, or investment ventures. Whether you’re seeking a peaceful retreat, an income-generating opportunity, there are many possibilities! Zoning for nursery or building a multimillion dollar home with irrigated land!

    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
    Southwest Ranches
    County
    Broward
    State
    Florida
    Longitude
    -80.4012695
    Latitude
    26.044605

    Comparable in this City

    • $3,200,000
      197,762 SF

      Usable Land Parcel Near Highway

      4.54 acres of usable land with seller financing.
      5345 Southwest 210Th Ter, Fort Lauderdale, FL 33332
      View Details
    • Contact for pricing
      0.18 Acres

      Land in Southwest Ranches, FL

      Mixed-use property for sale with water and electric capabilities.
      5225 SW 210Th Ter, Southwest Ranches, FL 33332
      View Details
    • New
      $695,000
      0.83 Acres

      Fort Lauderdale Residential Lot

      Residential land in Fort Lauderdale, build your dream home.
      20411 SW 51St St, Fort Lauderdale, FL 33332
      View Details
    • $825,000
      0.40 Acres

      Residential Homesite in Exclusive Weston

      Rare opportunity to build your dream home in Weston, FL.
      19068 Park Ridge St, Weston, FL 33332
      View Details

    Similar Nearby for Sale

    • $3,200,000
      197,762 SF

      Usable Land Parcel Near Highway

      4.54 acres of usable land with seller financing.
      5345 Southwest 210Th Ter, Fort Lauderdale, FL 33332
      View Details
    • Contact for pricing
      0.18 Acres

      Land in Southwest Ranches, FL

      Mixed-use property for sale with water and electric capabilities.
      5225 SW 210Th Ter, Southwest Ranches, FL 33332
      View Details
    • New
      $695,000
      0.83 Acres

      Fort Lauderdale Residential Lot

      Residential land in Fort Lauderdale, build your dream home.
      20411 SW 51St St, Fort Lauderdale, FL 33332
      View Details
    • $825,000
      0.40 Acres

      Residential Homesite in Exclusive Weston

      Rare opportunity to build your dream home in Weston, FL.
      19068 Park Ridge St, Weston, FL 33332
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,552 SF

      Distribution Center For Rent

      New distribution center with state-of-the-art construction, available for rent.
      20311 Sheridan St, Fort Lauderdale, FL 33332
      View Details
    • Contact for pricing

      Retail Space Anchored by Publix

      69,475 SF shopping center anchored by Publix.
      19401 Sheridan St, Fort Lauderdale, FL 33332
      View Details
    • Contact for pricing

      Industrial Space in Fort Lauderdale

      Available industrial space ranging from 100,000 to 281,145 SF.
      20421 Sheridan St, Fort Lauderdale, FL 33332
      View Details
    • $26 SF/Yr

      Shopping Center Anchored by Publix

      69,475 SF shopping center located on a major arterial.
      19401- Sheridan St, Pembroke Pines, FL 33332
      View Details
    • Contact for pricing

      Fort Lauderdale Warehouse Space

      Warehouse space available for lease in Fort Lauderdale, Florida.
      20421 Sheridan St, Fort Lauderdale, FL 33332
      View Details
    • Contact for pricing

      Modern Industrial Building For Lease

      Class A industrial space available in active Broward County submarket.
      20311 Sheridan St, Davie, FL 33332
      View Details
    View Listing
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    5960 SW 190Th Ave
    Southwest Ranches, FL 33332
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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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