$42,000
●
Land -
Off Market
5210 SE 28TH AVENUE
OCALA, FL 34480
Studio
0 Bath
$290
Est. Monthly
About This Property
Discover an exceptional opportunity awaiting you on this .50-acre
lot in the coveted Florida Orange Grove of Ocala, FL! Boasting a
'high and dry' status, this plot comes complete with a pre-existing
septic system and a power pole, presenting an ideal foundation for
building your dream home or investment property. Furthermore, the
presence of a pre-installed septic system & electric pole not only
streamlines your development plans but also offers the opportunity
to save significantly on impact fees. Nestled in the tranquil and
highly sought-after SE Ocala area, this land promises an ideal
setting for your future home or investment venture. Embrace the
potential this lot offers and visualize the possibilities for your
envisioned project. Don't miss out – schedule a visit today and
seize this chance to transform your dreams into reality in the
heart of Ocala, FL. Also available (2) .25 acre parcels, MLS#'s
OM689626 & OM689627.
Unit Size
-
Days on Market
180 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$68
HOA Dues
-
Year Built
1959
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
Last updated: 2 years ago (Stellar MLS #OM689492)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Dec 27, 2024 | Price Increased |
$45,000
↑ $20K
(80%) | |
| Price Increased | |||
| Dec 27, 2024 | Price Decreased |
$25,000
↓ $5K
(16.7%) | |
| Price Decreased | |||
| Nov 15, 2024 | Listed | $30,000 | |
| Listed | |||
| | |||
|
Under contract-accepting backup offers. Discover an exceptional opportunity awaiting you on this .25-acre lot in the coveted Florida Orange Grove of Ocala, FL! Boasting a 'high and dry' status, this plot comes complete with a pre-existing septic system and a power pole, presenting an ideal foundation for building your dream home or investment property. Furthermore, the presence of a pre-installed septic system & electric pole not only streamlines your development plans but also offers the opportunity to save significantly on impact fees. Nestled in the tranquil and highly sought-after SE Ocala area, this land promises an ideal setting for your future home or investment venture. Embrace the potential this lot offers and visualize the possibilities for your envisioned project. Don't miss out – schedule a visit today and seize this chance to transform your dreams into reality in the heart of Ocala, FL. Also available is another .25 acre parcel, MLS # OM689627 or both .25 acre parcel together is MLS #OM689492, as a .50 acre parcel.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Marion
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Listed by: Ashley Yates, PA
ASHLEY YATES REALTY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM689492
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ASHLEY YATES REALTY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM689492
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