1048 USTLER ROAD
About This Property
Kelly Park Rd and S.R. 429 major roadway widening projects in Apopka transforming into one of the most active massive master-planned growth zones in central Florida.
Whether you envision an upscale subdivision, a private equestrian estate, agricultural business, family compound, or Assisted Living Facility this property offers endless possibilities all in one of Central Florida's most desirable markets.
** 20+ acres. Formerly used as a nursery and family compound.
** Ideal for residential development.
** Excellent access to major roadways, including SR 429 & SR 441.
** Near Apopka's growing residential and commercial corridor.
** Level, mostly cleared with some old growth trees at the West side of the lots.
** Prime investment opportunity in High growth area.
This property is comprised of 3 separate parcels.
#1. 1048 Ustler Rd. (34-20-28-9550-00-120) APOPKA RANCHES Z/134 LOT 12 & 13.
10.08 ACRES (+/-) Two story pool home with numerous outbuildings/barns/greenhouses.
#2. 1032 Ustler Rd. (34-20-28-9550-00-110) APOPKA RANCHES Z/134 LOT 11,
5.03 ACRES (+/-) 1 story home with numerous outbuilding/barns/greenhouses.
Adjacent to the beautiful neighborhood of WEKIVA PRESERVE.
#3. 1114 Uster Rd. (34-20-28-9550-00-140) APOPKA RANCHES Z/134 LOT 14
5.05 ACRES (+/-) 1 story block home and outbuildings/ greenhouses.
Property backs up to Orange County Clerk of Court with a nice, natural wooded buffer zone already in place. Small area of wetlands comprised of about 2 acres at the West/NW side of property (Can easily fulfill "open green space/retention area" while preserving the rest of the high and dry 18 acres) This property sits South of Ponkan Rd and East of Rock Springs Rd, which means it is outside the 2-homes an acre restriction zone, allowing a developer to use standard suburban lot sizes or neighborhood designs matching adjacent WEKIVA PRESERVE DEVELOPMENT.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Price Decreased |
$2,500,000
↓ $100K
(3.9%) | |
| Price Decreased | |||
| Sep 23, 2026 | Price Decreased |
$2,600,000
↓ $100K
(3.7%) | |
| Price Decreased | |||
| Sep 1, 2026 | Price Decreased |
$2,700,000
↓ $100K
(3.6%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$2,800,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$2,900,000
↓ $100K
(3.3%) | |
| Price Decreased | |||
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About Orange
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