Property profile

6415 Highway 42 Summerfield, FL 34491

OFF-MARKET
Other land
Property ID
US18-1989132
7 ac lot
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Property summary

AI-generated overview

The property is a contiguous seven-acre parcel located near the intersection of Highway 301 and Highway 42 in Marion County, with frontage at the intersection area. It is situated adjacent to a larger 16-acre site being considered for a future U.S. Department of Veterans Affairs (VA) hospital, which has been described as involving an approximately 150,000-square-foot facility and nearly 900 parking spaces. The surrounding area includes a newly constructed 7-Eleven across the street at the southwest corner of the intersection. On-site, the parcel contains a 2,034-square-foot residence built in 1975.

Property profile

Verified
Property type Other land
Lot 7 ac (304,920 SF)
UPID US18-1989132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6415 Highway 42 Summerfield, FL 34491
Summerfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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