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    645 Old San Mateo Rd San Mateo, FL 32187
    Property profile & analytics

    645 Old San Mateo Rd San Mateo, FL 32187

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    • Commercial real estate
    • 5.35 lot acres
    Off-Market
    Property ID
    US18-3164536
    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 645 Old San Mateo Rd

    Lot size
    5.35 lot acres
    Property type
    Commercial real estate
    APN
    39-10-27-0000-0220-0000

    Description

    This exceptional 5.35-acre commercial land parcel in San Mateo, Florida, is available for purchase at $342,000. Ideally situated on Highway 17, this prime location offers high visibility and easy access. The property is zoned C-2 Commercial (BU-1), permitting a variety of development options. Preliminary plans suggest the site can accommodate a 1,250-square-foot building with approximately 36 parking spaces. Potential uses include gas stations, quick-serve restaurants, and rural lifestyle retail establishments. Its strategic location boasts proximity to the St. John's River, enhancing its appeal. Nearby amenities include Dollar General, Bloomers Garden Center, Browning Pearce Elementary School, and various places of worship, creating a vibrant and established community surrounding the property. The property's APN is 39-10-27-0000-0220-0000. This is a for-sale-by-owner opportunity. Don't miss this chance to acquire a highly desirable commercial site in a thriving Florida location.

    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
    San Mateo
    County
    Putnam
    State
    Florida
    Longitude
    -81.584148510749
    Latitude
    29.613667076226

    Comparable in this City

    • $318,295
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      San Mateo Land For Sale

      7.8 acre land parcel in San Mateo, Florida.
      473 S Us-17 Hwy NW, San Mateo, FL 32187
      View Details
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      Highway 17 Commercial Land

      3.21 acres on Highway 17 with 417 ft frontage.
      541 Us Highway 17 S, Satsuma, FL 32187
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      Palatka Wooded Land For Sale

      Nearly 42-acre wooded property with privacy and easy access.
      159 Woods Rd, San Mateo, FL 32187
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    • $350,000
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      Waterfront Land in San Mateo

      Exceptional waterfront property with deep-water access and stunning views.
      Weerts Rd, San Mateo, FL 32187
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    Similar Nearby for Sale

    • $318,295
      7.80 Acres

      San Mateo Land For Sale

      7.8 acre land parcel in San Mateo, Florida.
      473 S Us-17 Hwy NW, San Mateo, FL 32187
      View Details
    • Contact for pricing

      Highway 17 Commercial Land

      3.21 acres on Highway 17 with 417 ft frontage.
      541 Us Highway 17 S, Satsuma, FL 32187
      View Details
    • Contact for pricing

      Palatka Wooded Land For Sale

      Nearly 42-acre wooded property with privacy and easy access.
      159 Woods Rd, San Mateo, FL 32187
      View Details
    • $350,000
      0.96 Acres

      Waterfront Land in San Mateo

      Exceptional waterfront property with deep-water access and stunning views.
      Weerts Rd, San Mateo, FL 32187
      View Details
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    San Mateo, FL 32187
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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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    645 Old San Mateo Rd, San Mateo, FL, 32187
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