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    Keller Williams Realty Emerald Coast

    36008 Emerald Coast, 201, Destin, FL 32541
    (850) 654-2900
    Size: under 10 agents

    Agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential
    • Commercial Lease

    Listings

    For Sale (23)

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    Panama City Land Opportunity
    $1,825,000
    4.50 Acres

    Panama City Land Opportunity

    4.5 acre commercial property with flexible zoning.

    2515 E 15Th St, Panama City, FL 32405
    View details
    Commercial Land in Millville Business District
    $114,000
    0.50 Acres

    Commercial Land in Millville Business District

    High-visibility corner parcel in revitalizing Millville Community, Panama City.

    425 Maine Ave, Panama City, FL 32401
    View details
    Land in Panama City, FL
    $79,900
    1.63 Acres

    Land in Panama City, FL

    1.63-acre lot with no HOA, mobile homes allowed.

    216 Hickory Bluff Rd, Panama City, FL 32409
    View details
    Commercial Land Panama City Beach
    $689,000
    0.76 Acres

    Commercial Land Panama City Beach

    0.76 acre commercial site suitable for warehouses or offices.

    20310 Panama City Beach Pkwy, Panama City Beach, FL 32413
    View details
    Land in Growing Walton County
    $99,000
    0.17 Acres

    Land in Growing Walton County

    Land available in fast-growing Point Washington/Magnolia Beach area.

    26 E Wild Blueberry Way, Santa Rosa Beach, FL 32459
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    Land in Santa Rosa Beach
    $359,995
    0.69 Acres

    Land in Santa Rosa Beach

    Four lots available in a rapidly growing area.

    25-28 27/28, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Land Opportunity
    $99,000
    0.18 Acres

    Santa Rosa Beach Land Opportunity

    Land available in fast-growing Point Washington/Magnolia Beach area.

    25 E Wild Blueberry Way, Santa Rosa Beach, FL 32459
    View details
    Santa Rosa Beach Double Lot
    $199,000
    0.34 Acres

    Santa Rosa Beach Double Lot

    Double lot in a rapidly growing Walton County area.

    lot 27/28 E Wild Blueberry Way, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Homesite Opportunity
    $179,900
    0.49 Acres

    Santa Rosa Beach Homesite Opportunity

    Spacious homesite near 30A with no required build-out timeline.

    Pisces Dr, Santa Rosa Beach, FL 32459
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    Commercial Land in Millville Business
    $114,000
    0.50 Acres

    Commercial Land in Millville Business

    High-visibility corner parcel in Panama City's Millville Community.

    425 Maine Ave, Panama City, FL 32401
    View details
    Panama City Commercial Land Available
    $1,825,000
    4.50 Acres

    Panama City Commercial Land Available

    4.5+/- acres of commercial land with flexible zoning.

    2515 E 15Th St, Panama City, FL 32405
    View details
    Vacant Land in Sunny Hills
    Contact for pricing
    0.23 Acres

    Vacant Land in Sunny Hills

    Vacant land in quiet Sunny Hills development, Chipley, Florida.

    Darlington Dr, Chipley, FL 32428
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    Prime Lot in Panama City
    $325,000
    0.26 Acres

    Prime Lot in Panama City

    Spacious lot near beach, shopping, and bay access.

    8620 N Lagoon Dr, Panama City Beach, FL 32408
    View details
    Mexico Beach Buildable Vacant Lot
    $165,000
    0.17 Acres

    Mexico Beach Buildable Vacant Lot

    Buildable lot in Mexico Beach, ideal for coastal retreat.

    409 Maryland Blvd, Mexico Beach, FL 32456
    View details
    Residential Lot Near Beach Access
    $150,000
    0.22 Acres

    Residential Lot Near Beach Access

    0.22 acre lot near the Gulf and beach access.

    621 Malaga Pl, Panama City Beach, FL 32413
    View details
    Point Washington Land Opportunity
    $99,000
    0.18 Acres

    Point Washington Land Opportunity

    Residential land in a rapidly growing Walton County area.

    E Wild Blueberry Way, Point Washington, FL 32459
    View details
    Point Washington Land Opportunity
    $99,000
    0.17 Acres

    Point Washington Land Opportunity

    Residential land in a rapidly growing Walton County area.

    26 E Wild Blueberry Way, Point Washington, FL 32459
    View details
    Land in Point Washington, FL
    $359,995
    0.69 Acres

    Land in Point Washington, FL

    Residential land for sale in a growing Walton County area.

    25-28 27/28, Point Washington, FL 32459
    View details
    Point Washington Land Opportunity
    $199,000
    0.34 Acres

    Point Washington Land Opportunity

    Double lot in a rapidly growing area.

    lot 27/28 E Wild Blueberry Way, Point Washington, FL 32459
    View details
    Gulf-Front Condo with Rental Potential
    $595,000

    Gulf-Front Condo with Rental Potential

    Furnished 2-bedroom condo with bunk room, Gulf views, rental ready.

    15817 Front Beach Rd, Panama City Beach, FL 32413
    View details
    Commercial Site For Sale
    $689,000

    Commercial Site For Sale

    0.76 acre commercial site suitable for warehouses or offices.

    20310 Panama City Beach Pkwy, Panama City Beach, FL 32413
    View details
    Vacant Land in Sunny Hills
    Contact for pricing

    Vacant Land in Sunny Hills

    Vacant land in quiet Sunny Hills development.

    000 Darlington Dr, Chipley, FL 32428
    View details
    Versatile Land with Development Potential
    $1,825,000
    196,020 SF

    Versatile Land with Development Potential

    4.5+/- acres with flexible zoning and warehouse options.

    2515 East 15Th St, Panama City, FL 32405
    View details

    For Lease (1)

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    Office Space at Destin Commons
    $4,000 / Mo

    Office Space at Destin Commons

    Premier office space for lease in Destin, Florida.

    4300 Legendary Dr, Destin, FL 32541
    View details

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    Keller Williams Realty Emerald Coast
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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
    Keller Williams Realty Emerald Coast
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