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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    82 Market Blvd Webster, FL 33597

    • Commercial real estate
    • 2.14 lot acres
    For Sale
    View listing
    $789,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5431257
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 82 Market Blvd

    Lot size
    2.14 lot acres
    Property type
    Commercial real estate
    APN
    S01B001

    Description

    This exceptional 2.14-acre commercial land parcel, located at 82 S Market Boulevard in Webster, Florida (zip code 33597), presents a compelling investment opportunity. Situated on SR 471, this corner property benefits from high visibility and significant daily traffic, estimated at over 7,000 vehicles. The property's DTMU zoning allows for a variety of commercial uses. Currently, a 1160-square-foot building, constructed in 1950, is situated on the land. This building is currently used as an auto maintenance business. All necessary EPA studies have been completed, streamlining the development process. The property's strategic location is further enhanced by its proximity to The Villages, a rapidly expanding community that recently acquired 18,000 acres partially bordering SR 471/Market Boulevard, promising future growth and increased demand. City of Webster utilities (sewer and water) are readily available on the property. The asking price for this prime commercial land is $789,900. The property's APN is S01B001. This is a rare chance to acquire a well-positioned commercial property with significant development potential in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Sumter
    State
    Florida
    Longitude
    -82.0550789
    Latitude
    28.609316

    Comparable in this City

    • Contact for pricing
      Pending

      Residential Land in Webster, Florida

      1.14 acre residential lot, ideal for building a home.
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      0.50 Acres

      Residential Land in Ridge Manor

      Half-acre residential parcel in developing Ridge Manor, Hernando County, Florida.
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      3.36 Acres of Wooded Land

      Two adjacent wooded properties totaling 3.36 acres in Webster, FL.
      Cr 677, Webster, FL 33597
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      Equestrian Parcel with Fenced Pastures

      10-acre equestrian parcel featuring fenced pastures and a pond.
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      1.16 Acres

      Vacant Land in Webster, FL

      Vacant land available in Webster, Florida.
      33193 Easter Dr, Webster, FL 33597
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    • Contact for pricing
      1.16 Acres

      Undeveloped Lot in Ridge Manor

      1.16-acre lot ideal for recreation or residential use.
      Wishing Stone St. St, Webster, FL 33597
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    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Residential Land in Webster, Florida

      1.14 acre residential lot, ideal for building a home.
      33064 Easter Dr, Webster, FL 33597
      View Details
    • Contact for pricing
      0.50 Acres

      Residential Land in Ridge Manor

      Half-acre residential parcel in developing Ridge Manor, Hernando County, Florida.
      Knoxville Dr, Ridge Manor, FL 33597
      View Details
    • $59,500

      3.36 Acres of Wooded Land

      Two adjacent wooded properties totaling 3.36 acres in Webster, FL.
      Cr 677, Webster, FL 33597
      View Details
    • $350,000

      Equestrian Parcel with Fenced Pastures

      10-acre equestrian parcel featuring fenced pastures and a pond.
      9233 SE 12Th Dr, Webster, FL 33597
      View Details
    • $47,500
      1.16 Acres

      Vacant Land in Webster, FL

      Vacant land available in Webster, Florida.
      33193 Easter Dr, Webster, FL 33597
      View Details
    • Contact for pricing
      1.16 Acres

      Undeveloped Lot in Ridge Manor

      1.16-acre lot ideal for recreation or residential use.
      Wishing Stone St. St, Webster, FL 33597
      View Details
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    82 Market Blvd
    Webster, FL 33597
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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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