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    For Sale (18)

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    Commercial Land in Freeport, FL
    $495,000
    0.71 Acres

    Commercial Land in Freeport, FL

    Vacant commercial land in high-traffic Freeport location.

    20 Fl-20, Freeport, FL 32439
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    Santa Rosa Beach Land Parcel
    $225,000
    0.32 Acres

    Santa Rosa Beach Land Parcel

    Generous lot near beach access, ideal for development.

    Calm Gulf Dr, Santa Rosa Beach, FL 32459
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    Waterfront Homesite on Scenic Beach Drive
    $1,099,000
    1.18 Acres

    Waterfront Homesite on Scenic Beach Drive

    Estate-sized 1.17-acre waterfront property with Bay views, no HOA.

    1108 W Beach Dr, Panama City, FL 32401
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    Land Near 30A Corridor
    $595,000
    0.15 Acres

    Land Near 30A Corridor

    Land in Gulf Shore Manor, near Seaside and Watercolor.

    13 Dothan Ave, Santa Rosa Beach, FL 32459
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    Waterfront Land in Freeport, Florida
    $325,000
    0.45 Acres

    Waterfront Land in Freeport, Florida

    Waterfront lots near Hwy 331, ideal for boating.

    Laird Dr, Freeport, FL 32439
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    Freeport, FL Multifamily Development Land
    $4,000,000
    11.44 Acres

    Freeport, FL Multifamily Development Land

    11.44 acres with development order for 128 apartment units.

    14874 Us-331 Bus, Freeport, FL 32439
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    Land in Gated Beach Community
    $695,000
    0.09 Acres

    Land in Gated Beach Community

    Residential lot in gated community with deeded beach access.

    17 Sand Oaks Cir, Santa Rosa Beach, FL 32459
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    Inlet Beach Residential Lot
    $525,000
    0.53 Acres

    Inlet Beach Residential Lot

    Large lot near beach access and 30A shops.

    326 Pinewood Ln, Inlet Beach, FL 32461
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    Santa Rosa Beach Land Opportunity
    $1,049,000
    0.14 Acres

    Santa Rosa Beach Land Opportunity

    Desirable lot near Blue Mountain Beach with beach access.

    Gulf Point Rd, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Land Parcel
    $230,000
    0.58 Acres

    Santa Rosa Beach Land Parcel

    0.58-acre lot near bay with no HOA.

    7 Osprey Ln, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Land Opportunity
    $4,290,000
    7.12 Acres

    Santa Rosa Beach Land Opportunity

    7+ acres on US Highway 98 in Santa Rosa Beach.

    5416 W Us Highway 98, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Land Parcel
    $1,495,000
    2.20 Acres

    Santa Rosa Beach Land Parcel

    2.2-acre parcel approved for 14 townhome development.

    10 N Co Hwy 395, Santa Rosa Beach, FL 32459
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    Waterfront Land Ready for Development
    $1,000,000
    1.70 Acres

    Waterfront Land Ready for Development

    1.7 acres of waterfront land with development order.

    193 Ramsey Branch Rd, Freeport, FL 32439
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    Waterfront Land in Lynn Haven
    $775,000
    0.76 Acres

    Waterfront Land in Lynn Haven

    0.76 acres waterfront property with 232 feet of frontage.

    4740 Baywood Dr, Lynn Haven, FL 32444
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    40 Acres of Natural Landscape
    $415,000
    40.19 Acres

    40 Acres of Natural Landscape

    Land offering scale, privacy, and possibility in DeFuniak Springs.

    287 High Lonesome Rd, Defuniak Springs, FL 32435
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    Waterfront Acreage in Santa Rosa
    $1,195,000
    1.08 Acres

    Waterfront Acreage in Santa Rosa

    One-acre waterfront lot ready for custom home construction.

    24 Woodland Bayou Dr, Santa Rosa Beach, FL 32459
    View details
    Versatile Mixed-Use Panama City Property
    $499,000
    2,736 SF

    Versatile Mixed-Use Panama City Property

    Mixed-use property in a high-visibility, centrally-located Panama City corridor.

    601 West 11Th St, Panama City, FL 32401
    View details
    Panama City Homesite For Sale
    $1,099,000

    Panama City Homesite For Sale

    Homesite available on West Beach Drive, Panama City, Florida.

    1108 W Beach Dr, Panama City, FL 32401
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    Hilary & Reverie
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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
    Hilary & Reverie
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