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    For Sale (45)

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    2.5 Acres in DeFuniak Springs
    $69,900
    2.50 Acres

    2.5 Acres in DeFuniak Springs

    Land parcel for building a dream home in rural setting.

    2.5 Acres Coventry Rd, Defuniak Springs, FL 32433
    View details
    Residential Land in Crestview, FL
    $67,000
    0.97 Acres

    Residential Land in Crestview, FL

    Wooded parcel under 1 acre, build your dream home.

    John Nix Rd, Crestview, FL 32539
    View details
    DeFuniak Springs Land Parcel
    $69,900
    2.50 Acres

    DeFuniak Springs Land Parcel

    2.5-acre parcel for building a dream home.

    2.5 Acres Coventry Rd, Defuniak Springs, FL 32433
    View details
    DeFuniak Springs Buildable Land
    $60,000
    0.46 Acres

    DeFuniak Springs Buildable Land

    Two buildable lots in a growing DeFuniak Springs market.

    Crocus Ave E, Defuniak Springs, FL 32433
    View details
    Crestview Land with Utilities
    $155,000
    4.67 Acres

    Crestview Land with Utilities

    4.67 acres ready for custom home or investment.

    5719 Jv Woolley Dr, Crestview, FL 32539
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    Secluded Land in Walton County
    $105,000
    10.50 Acres

    Secluded Land in Walton County

    Gated community land for outdoor adventures and private retreat.

    C-6 Chapel Rd W, Laurel Hill, FL 32567
    View details
    Canal-Front Lot in Santa Rosa
    $810,000
    0.40 Acres

    Canal-Front Lot in Santa Rosa

    Canal-front lot with direct bay access in Santa Rosa Beach.

    Bay Circle Dr, Santa Rosa Beach, FL 32459
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    Residential Lot in Holley by the Sea
    $110,000
    0.46 Acres

    Residential Lot in Holley by the Sea

    Uplands lot ready to build with community amenities.

    7117 Snug Waters Rd, Navarre, FL 32566
    View details
    80-Acre Wooded Retreat
    $524,683
    79.66 Acres

    80-Acre Wooded Retreat

    Secluded acreage ideal for building or recreation near equestrian center.

    79 Acres Bucking Up Rd, Laurel Hill, FL 32567
    View details
    DeFuniak Springs Land Parcel
    $129,900
    5.00 Acres

    DeFuniak Springs Land Parcel

    5+/- acre parcel for dream home in rural setting.

    5 Acres Coventry Rd, Defuniak Springs, FL 32433
    View details
    Residential Land in Oakwood Hills
    $30,700
    0.34 Acres

    Residential Land in Oakwood Hills

    Land parcel in Oakwood Hills, utilities available, near amenities.

    Brookside Dr, Defuniak Springs, FL 32433
    View details
    Freeport Land Near Beaches
    $110,000
    0.94 Acres

    Freeport Land Near Beaches

    0.94-acre lot near 30A Beaches in Freeport, Florida.

    Mallet Rd, Freeport, FL 32439
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    Freeport Land Near Coastal Beaches
    $220,000
    1.88 Acres

    Freeport Land Near Coastal Beaches

    1.88-acre lot near beaches, shopping, and dining.

    191 Mallet Rd, Freeport, FL 32439
    View details
    Cleared Acreage in Baker, Florida
    $147,000
    4.00 Acres

    Cleared Acreage in Baker, Florida

    Four-acre parcel suitable for horses, with no HOA fees.

    924 Highway C 4A, Baker, FL 32531
    View details
    Vacant Lot Near Beach
    $255,000
    0.13 Acres

    Vacant Lot Near Beach

    Pristine lot near the beach in Panama City Beach.

    21522 Marlin Ave, Panama City Beach, FL 32413
    View details
    Crestview, FL Wooded Land Parcel
    $67,000
    0.97 Acres

    Crestview, FL Wooded Land Parcel

    Wooded parcel under 1 acre, build your dream home.

    John Nix Rd, Crestview, FL 32539
    View details
    Pensacola Cleared Lot Ready to Build
    $40,000
    0.21 Acres

    Pensacola Cleared Lot Ready to Build

    Cleared 0.21 acre lot, ready for development in Pensacola.

    3707 W Lee St, Pensacola, FL 32505
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    Wooded Acreage in DeFuniak Springs
    Contact for pricing
    1.00 Acre

    Wooded Acreage in DeFuniak Springs

    One-acre wooded lot suitable for residential use.

    1 Acre Shellbark Ln, Defuniak Springs, FL 32433
    View details
    One Acre Lot in Crestview
    $57,500
    1.00 Acre

    One Acre Lot in Crestview

    One-acre residential lot with paid water tap in Crestview, Florida.

    Painter Branch Rd, Crestview, FL 32539
    View details
    Laurel Hill Land For Sale
    Contact for pricing
    0.43 Acres

    Laurel Hill Land For Sale

    Level lot with existing structure in Laurel Hill, Florida.

    3806 New Ebenezer Rd, Laurel Hill, FL 32567
    View details
    Youngstown, FL Acreage Opportunity
    $420,000
    110.00 Acres

    Youngstown, FL Acreage Opportunity

    Approximately 110 acres in Youngstown, Florida, near Panama City Beach.

    110+/- Acres Hwy 20, Youngstown, FL
    View details
    Navarre Beach Land with Boat Slip
    $325,000
    0.10 Acres

    Navarre Beach Land with Boat Slip

    Land with deeded boat slip and two lifts.

    1418 Sonata Ct, Navarre, FL 32566
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    Waterfront Lot in Crestview, FL
    $50,000
    0.37 Acres

    Waterfront Lot in Crestview, FL

    Waterfront lot with no HOA, build your dream home!

    Winchester Way, Crestview, FL 32539
    View details
    Large Acreage in Gulf Breeze
    $2,100,000
    75.62 Acres

    Large Acreage in Gulf Breeze

    75.62+/- acres in desirable coastal community near Hwy 98.

    6200 E Bay Blvd, Gulf Breeze, FL 32563
    View details
    Gulf Breeze Canal-Front Vacant Lot
    $249,000
    0.19 Acres

    Gulf Breeze Canal-Front Vacant Lot

    Vacant lot in Polynesian Island community near Pensacola Beach.

    1634 Lahaina Ct, Gulf Breeze, FL 32563
    View details
    Corner Lot in Mossy Head
    Contact for pricing
    0.35 Acres

    Corner Lot in Mossy Head

    Level corner lot, ideal for commuters and custom home builds.

    W Cornflower Ave, Defuniak Springs, FL 32433
    View details
    Vacant Lot Near Beach
    $255,000
    0.13 Acres

    Vacant Lot Near Beach

    Pristine lot in Panama City Beach, minutes from the beach.

    21522 Marlin Ave, Panama City Beach, FL 32413
    View details
    Wooded Lot in Crestview, FL
    $40,000
    0.53 Acres

    Wooded Lot in Crestview, FL

    Half-acre lot ready for a dream home, no HOA.

    Hunter Dr, Crestview, FL 32539
    View details
    Freeport, FL Coastal Living Lot
    $110,000
    0.94 Acres

    Freeport, FL Coastal Living Lot

    Expansive lot near beaches, shopping, and dining.

    Mallet Rd, Freeport, FL 32439
    View details
    Versatile Commercial Space For Sale
    Contact for pricing

    Versatile Commercial Space For Sale

    Commercial space with six rooms, investment potential, convenient location.

    226 Coleman St, Crestview, FL 32536
    View details
    Commercial Land Near Proposed Walmart
    Contact for pricing

    Commercial Land Near Proposed Walmart

    Spacious commercial land with versatile usage options.

    914 N Ferdon Blvd, Crestview, FL 32536
    View details
    Crestview Commercial Land For Sale
    $1,200,000

    Crestview Commercial Land For Sale

    1.69 AC property in rapidly growing Crestview, Florida.

    5736 Highway 85 N, Crestview, FL 32536
    View details
    Versatile Commercial Space Available
    $700,000
    2,863 SF

    Versatile Commercial Space Available

    Spacious commercial area suitable for offices, retail, and more.

    914 N Ferdon Blvd, Crestview, FL 32536
    View details
    Downtown Crestview Commercial Land Opportunity
    $225,000

    Downtown Crestview Commercial Land Opportunity

    Commercial land in downtown Crestview near courthouse, shopping, and restaurants.

    599 Wilson St N, Crestview, FL 32536
    View details
    Downtown Crestview Commercial Land Opportunity
    $225,000

    Downtown Crestview Commercial Land Opportunity

    Commercial land in downtown Crestview near courthouse, shopping, and restaurants.

    88 N Wilson St, Crestview, FL 32536
    View details
    Crestview Commercial Land For Sale
    $900,000

    Crestview Commercial Land For Sale

    1.69 AC C3-zoned land with highway frontage in Crestview.

    5736 Highway 85 N, Crestview, FL 32536
    View details
    Coastal Lot Near Beaches
    $110,000

    Coastal Lot Near Beaches

    Expansive lot near beaches and coastal attractions.

    8 Mallet Rd, Freeport, FL 32439
    View details
    Commercial Land on Highway 85
    $800,000

    Commercial Land on Highway 85

    Nearly 2 acres of commercial land with high traffic.

    5740 Highway 85 N, Crestview, FL 32536
    View details
    Versatile Commercial Space For Sale
    $235,000

    Versatile Commercial Space For Sale

    Adaptable commercial space with multiple rooms, investment potential.

    226 Coleman St, Crestview, FL 32536
    View details
    Coastal Land Near Beaches
    $220,000

    Coastal Land Near Beaches

    1.88-acre lot, 15-26 minutes from renowned beaches.

    191 Mallet Rd, Freeport, FL 32439
    View details
    Commercial Land Near Proposed Walmart
    $700,000

    Commercial Land Near Proposed Walmart

    Commercial land suitable for offices, retail, or mixed-use development.

    914 N Ferdon Blvd, Crestview, FL 32536
    View details
    Commercial Investment Opportunity
    $475,000
    15,246 SF

    Commercial Investment Opportunity

    Corner lot near Crestview High School and upcoming Wal-Mart.

    1202 N Ferdon Blvd, Crestview, FL 32536
    View details
    75+ Acre Gulf Breeze Land
    $2,100,000
    3,294,007 SF

    75+ Acre Gulf Breeze Land

    Large acreage in desirable coastal community, potential development site.

    6200 East Bay Blvd, Gulf Breeze, FL 32563
    View details
    Land on Marlin Avenue
    $255,000

    Land on Marlin Avenue

    Land available on Marlin Avenue in Panama City Beach.

    21522 Marlin Ave, Panama City Beach, FL 32413
    View details
    High-Visibility Commercial Property on Hwy 85
    $795,000

    High-Visibility Commercial Property on Hwy 85

    Versatile commercial property with income potential in prime location.

    641 N Ferdon Blvd, Crestview, FL 32536
    View details

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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
    ERA American Real Estate
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