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    For Sale (26)

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    Residential Land in Magnolia Bay
    $99,900
    1.01 Acres

    Residential Land in Magnolia Bay

    Residential land with community boat ramp access in Eastpoint, FL.

    245 Cross Creek Ct, Eastpoint, FL 32328
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    St. George Island Corner Lot
    $399,000
    0.56 Acres

    St. George Island Corner Lot

    Corner lot in gated community with Gulf and bay views.

    2300 Schooner Land, Eastpoint, FL 32328
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    St. George Island Corner Lot
    $196,000
    0.50 Acres

    St. George Island Corner Lot

    Corner lot in St. George Plantation, ideal for building.

    2000 Pelican Way, Eastpoint, FL 32328
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    Acre Lot in St. George
    $146,000
    1.00 Acre

    Acre Lot in St. George

    Acre lot in St. George Plantation with potential water views.

    1364 Acacia Dr, Eastpoint, FL 32328
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    St. George Island Bay View
    $199,900
    0.34 Acres

    St. George Island Bay View

    Bay view lot near shopping, dining, and the beach.

    308 Bl 55, Eastpoint, FL 32328
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    Gulf Frontage Land Opportunity
    $1,449,000
    1.03 Acres

    Gulf Frontage Land Opportunity

    Prime gulf-front land to build your dream beach home.

    1628 E Gulf Beach Dr, Eastpoint, FL 32328
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    St. George Island Land
    $399,000
    0.34 Acres

    St. George Island Land

    Residential land ready for custom beach home construction.

    748 W Gulf Beach Dr, Eastpoint, FL 32328
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    Waterfront Land in Buckhorn Creek
    $39,900
    0.50 Acres

    Waterfront Land in Buckhorn Creek

    Secluded waterfront homesite near St. Marks National Wildlife Refuge.

    Buckhorn Creek Rd, Sopchoppy, FL 32358
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    Carrabelle Homesite Ready For Construction
    $75,000
    0.69 Acres

    Carrabelle Homesite Ready For Construction

    Vacant lot ready for dream home construction in Carrabelle, Florida.

    735 Blk H, Carrabelle, FL 32322
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    Eastpoint, FL Waterfront Land
    $80,000
    1.00 Acres

    Eastpoint, FL Waterfront Land

    Pristine bay lot with community amenities near St. George Island.

    306 Magnolia Bay Dr, Eastpoint, FL 32328
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    St. George Island Coastal Land
    $215,000
    0.28 Acres

    St. George Island Coastal Land

    Pristine land near Sawyer Street Kayak Launch on St. George Island.

    319 Brown St, Eastpoint, FL 32328
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    St. George Island Cleared Lot
    $195,000
    0.34 Acres

    St. George Island Cleared Lot

    Cleared lot near Gulf of Mexico, ready for dream home.

    856 Bl 75, Eastpoint, FL 32328
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    Vacant Lot Near Mexico Beach
    $149,900
    0.17 Acres

    Vacant Lot Near Mexico Beach

    Vacant lot, 800 feet from the beach, build your dream home.

    121 15Th St, Mexico Beach, FL 32456
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    Eastpoint Commercial Property For Sale
    $589,000
    2,118 SF

    Eastpoint Commercial Property For Sale

    Commercial property in Eastpoint, FL with immediate income potential.

    315 Us Highway 98, Eastpoint, FL 32328
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    Ochlockonee Bay Vacant Lot
    $69,000
    1.16 Acres

    Ochlockonee Bay Vacant Lot

    1.16 acre vacant lot near Ochlockonee Bay, Florida.

    Ramsey Way, Ochlockonee Bay, FL 32346
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    Carrabelle Land with Deep Water
    $39,900
    1.01 Acres

    Carrabelle Land with Deep Water

    Over 1 acre with deep water access, near Carrabelle.

    2 Kal Ln, Carrabelle, FL 32322
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    Carrabelle Waterfront Land For Sale
    $287,000
    0.24 Acres

    Carrabelle Waterfront Land For Sale

    Improved bay/gulf front lot with pilings ready for construction.

    3092 Highway 98 E, Carrabelle, FL 32322
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    Ochlockonee Bay Vacant Lot
    $85,000
    1.83 Acres

    Ochlockonee Bay Vacant Lot

    Vacant lot near Ochlockonee Bay with utilities in place.

    Pelican Way, Ochlockonee Bay, FL 32346
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    Ochlockonee Bay Vacant Lot
    $89,000
    2.00 Acres

    Ochlockonee Bay Vacant Lot

    Vacant lot near Ochlockonee Bay with utilities in place.

    Pelican Way, Ochlockonee Bay, FL 32446
    View details
    St. George Island Gulf View
    $399,000
    0.20 Acres

    St. George Island Gulf View

    Corner lot with Gulf and Apalachicola Bay views.

    259 E Gulf Beach Dr, Eastpoint, FL 32328
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    Bayfront Lot with Sunset Views
    $399,000
    1.33 Acres

    Bayfront Lot with Sunset Views

    1.33 Acres Bayfront lot facing west for awesome sunsets.

    19 S Bayshore Dr, Eastpoint, FL 32328
    View details
    Sopchoppy Land on Highway 319
    $49,900
    1.85 Acres

    Sopchoppy Land on Highway 319

    1.85 acre commercial land with frontage on Highway 319.

    Sopchoppy Hwy, Sopchoppy, FL 32358
    View details
    St. George Island Wooded Lot
    $148,000
    0.34 Acres

    St. George Island Wooded Lot

    Wooded lot centrally located on St. George Island.

    1012 Porter St, Eastpoint, FL 32328
    View details
    Eastpoint, FL Acre Lot
    $55,000
    1.00 Acre

    Eastpoint, FL Acre Lot

    One-acre lot in growing Eastpoint neighborhood, near beaches.

    269 Sago Dr, Eastpoint, FL 32328
    View details
    Eastpoint Wooded Lot For Sale
    $80,000
    1.09 Acres

    Eastpoint Wooded Lot For Sale

    1.09 acre wooded lot near Apalachicola and St. George Island.

    S Bayshore Dr, Eastpoint, FL 32328
    View details
    Eastpoint Wooded Lot For Sale
    $80,000
    1.05 Acres

    Eastpoint Wooded Lot For Sale

    1.05 acre wooded lot, ideal for custom home.

    S Bayshore Dr, Eastpoint, FL 32328
    View details

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    Request Owner's contact information
    JEFF GALLOWAY REAL ESTATE
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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
    JEFF GALLOWAY REAL ESTATE
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