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    651 County Road 345 Chiefland, FL 32626

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    651 County Road 345 Chiefland, FL 32626

    View on Map
    • Commercial real estate
    • 635.00 lot acres
    Off-Market
    Property ID
    US18-2769727
    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 651 County Road 345

    Lot size
    635.00 lot acres
    Property type
    Commercial real estate
    APN
    01224-000-00, 01225-002-00

    Description

    Exceptional investment opportunity: 635 acres of prime Florida hunting and timberland located at 651 County Rd 345, Chiefland, FL 32626 (Levy County, APN: 01224-000-00, 01225-002-00). This property boasts a diverse ecosystem including 423 acres of mature planted pines, 189 acres of natural forests, 9 acres of strategically placed food plots and wildlife openings, and 13 acres of natural and man-made ponds. Abundant wildlife includes deer, Osceola wild turkey, hogs, and small game. A well-maintained internal road system ensures easy access throughout the property for both management and recreational purposes. Improvements include a substantial 72' x 44' pole barn, perfect for equipment and UTV storage, and a unique "Tiki Bar" equipped with electricity and running water, ideal for relaxation after a day of hunting. An on-site walk-in cooler provides convenient storage for harvested game. The property is zoned Forestry/Rural Residential, offering flexibility for future development. Asking price is $3,100,000 ($4,882/acre). This is a rare opportunity to acquire a high-quality recreational property with significant long-term investment potential.

    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
    Chiefland
    County
    Levy
    State
    Florida
    Longitude
    -82.8880049
    Latitude
    29.3395132

    Comparable in this City

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      Ready-to-Develop Land Parcel

      Ten-acre parcel near Chiefland, Florida, ready for building or agriculture.
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      10 Acres Buildable Land

      10 acres of planted pines, suitable for building.
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    • $240,000

      10-Acre Parcel with Well & Septic

      Cleared 10-acre parcel with well, septic, and barn.
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    • $168,000
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      Chiefland, FL Ten-Acre Parcels

      Cleared ten-acre parcels ideal for building or farming near Chiefland.
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    • $168,500
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      Chiefland Acreage: Homesite or Getaway

      10 acres in Chiefland, Florida, ideal homesite or recreational getaway.
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    • $80,000
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      Levy County Agricultural Land Parcel

      4.77-acre parcel in Levy County, zoned Agricultural Rural Residential.
      NW 27Th Pl, Chiefland, FL 32626
      View Details

    Similar Nearby for Sale

    • $168,000
      10.00 Acres

      Ready-to-Develop Land Parcel

      Ten-acre parcel near Chiefland, Florida, ready for building or agriculture.
      11 10Th Ave, Chiefland, FL 32626
      View Details
    • Contact for pricing

      10 Acres Buildable Land

      10 acres of planted pines, suitable for building.
      NW 140Th St, Chiefland, FL 32626
      View Details
    • $240,000

      10-Acre Parcel with Well & Septic

      Cleared 10-acre parcel with well, septic, and barn.
      4351 NW 76Th Ct, Chiefland, FL 32626
      View Details
    • $168,000
      10.00 Acres

      Chiefland, FL Ten-Acre Parcels

      Cleared ten-acre parcels ideal for building or farming near Chiefland.
      10 10Th Ave, Chiefland, FL 32626
      View Details
    • $168,500
      Pending

      Chiefland Acreage: Homesite or Getaway

      10 acres in Chiefland, Florida, ideal homesite or recreational getaway.
      00 10Th Ave, Chiefland, FL 32626
      View Details
    • $80,000
      4.77 Acres

      Levy County Agricultural Land Parcel

      4.77-acre parcel in Levy County, zoned Agricultural Rural Residential.
      NW 27Th Pl, Chiefland, FL 32626
      View Details
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    Chiefland, FL 32626
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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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