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    9494 Highway 42 Summerfield, FL 34491
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    Property profile & analytics

    9494 Highway 42, Summerfield, FL 34491

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    • Commercial real estate
    • 1.25 lot acres
    Off-Market
    Property ID
    US18-3009167
    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 9494 Highway 42

    Lot size
    1.25 lot acres
    Property type
    Commercial real estate
    APN
    6722-200-001

    Description

    This exceptional 1.25-acre commercial land parcel presents a rare investment opportunity in the thriving Summerfield, Florida market, specifically within The Villages trade area, though not owned by The Villages itself. Located at 9494 SE Hwy 42, Marion County, FL 34491 (APN 6722-200-001), this fee-simple property is zoned Community Business (B-2) and offers significant potential for various retail uses. The site boasts rough grading, with utilities already in place and off-site master stormwater management. Its strategic location provides convenient cross-access to existing commercial developments, including a Publix and The Villages VA clinic. Surrounding land, owned by The Villages, is zoned commercially and slated for future retail development, potentially including single-tenant outparcels and a large retail anchor. Ideal uses include banks, quick-service restaurants, and other commercial retail establishments. Note that use restrictions apply

    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
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.997541
    Latitude
    28.9808584

    Comparable in this City

    • $399,990
      10.90 Acres

      Land in Gated Community

      10+ acre A1 zoned land in Summerfield, Florida.
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    • $85,000
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      Land in Southeast Ocala

      1.97 acres of lightly wooded land near The Villages.
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    • $449,990
      10.24 Acres

      Ocala A1 Zoned Land

      10.24 acres of A1 zoned land in Ocala, Florida.
      00 SE 47Th Ave, Summerfield, FL 34491
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    • Contact for pricing

      Commercial Land For Sale

      4.46 acre commercial land on US Hwy 441.
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    Similar Nearby for Sale

    • $399,990
      10.90 Acres

      Land in Gated Community

      10+ acre A1 zoned land in Summerfield, Florida.
      16070 SE 55 Ave Rd, Summerfield, FL 34491
      View Details
    • $85,000
      1.97 Acres

      Land in Southeast Ocala

      1.97 acres of lightly wooded land near The Villages.
      00 SE 30Th Ave, Summerfield, FL 34491
      View Details
    • $449,990
      10.24 Acres

      Ocala A1 Zoned Land

      10.24 acres of A1 zoned land in Ocala, Florida.
      00 SE 47Th Ave, Summerfield, FL 34491
      View Details
    • Contact for pricing

      Commercial Land For Sale

      4.46 acre commercial land on US Hwy 441.
      16000 SE 97Th Terrace Rd, Summerfield, FL 34491
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Frontage Commercial Land Lease

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      Proposed Shopping Center on 15+ Acres

      Proposed 120,000 sq ft shopping center on 15.45 acres.
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    • $3,600 /Mo
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      Medical Office Space For Lease

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      Medical Office Space For Lease

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      View Details
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    9494 Highway 42
    Summerfield, FL 34491
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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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