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    For Sale (16)

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    Homesite in Cape Plantation
    $95,000
    0.50 Acres

    Homesite in Cape Plantation

    Homesite in a peaceful community near downtown Port St. Joe.

    Plantation Dr, Port St Joe, FL 32456
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    Homesite in Cape Plantation
    $95,000
    0.50 Acres

    Homesite in Cape Plantation

    Homesite in a peaceful community near downtown Port St. Joe.

    Plantation Dr, Port St Joe, FL 32456
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    Port St. Joe Homesite
    $95,000
    0.50 Acres

    Port St. Joe Homesite

    Homesite in established community near downtown Port St. Joe.

    Plantation Dr, Port St Joe, FL 32456
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    Waterfront Land in Navarre, Florida
    $350,000
    8.15 Acres

    Waterfront Land in Navarre, Florida

    8 acres of wooded waterfront property near Navarre Beach.

    Highway 87, Navarre, FL 32566
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    Cape San Blas Land Opportunity
    $389,000
    0.11 Acres

    Cape San Blas Land Opportunity

    Beach access, community amenities, and investment potential in Ovation.

    139 W Ovation Dr, Cape San Blas, FL 32456
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    Mixed-Use Commercial/Residential Property
    $699,000
    1,517 SF

    Mixed-Use Commercial/Residential Property

    Downtown Port St. Joe property with ample parking.

    324 Long Ave, Port St Joe, FL 32456
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    Cape San Blas Land Opportunity
    $149,000
    0.16 Acres

    Cape San Blas Land Opportunity

    Land in a private, amenity-rich, gated beach community.

    Rhonda Delsol Cir, Cape San Blas, FL 32456
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    Gulf Front Land Opportunity
    $699,000
    0.66 Acres

    Gulf Front Land Opportunity

    Beautiful gulf front lot in desirable Two Palms subdivision.

    116 W Seascape Dr, Cape San Blas, FL 32456
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    Carrabelle Landings Building Lot
    $32,900
    0.16 Acres

    Carrabelle Landings Building Lot

    Residential lot near amenities in Carrabelle, Florida.

    1589 Sandpiper Dr, Carrabelle, FL 32322
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    Carrabelle Land Ready to Build
    Contact for pricing
    0.16 Acres

    Carrabelle Land Ready to Build

    Lot ready for primary or vacation rental home in Carrabelle.

    1588 Sea Breeze Way, Carrabelle, FL 32322
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    Carrabelle Land Ready to Build
    Contact for pricing
    0.16 Acres

    Carrabelle Land Ready to Build

    Residential lot in Carrabelle Landings subdivision with community amenities.

    1612 Sea Breeze Way, Carrabelle, FL 32322
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    Carrabelle Land Ready to Build
    Contact for pricing
    0.16 Acres

    Carrabelle Land Ready to Build

    Residential lot in Carrabelle Landings with community amenities.

    1584 Sea Breeze Way, Carrabelle, FL 32322
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    Carrabelle Land Ready For Building
    Contact for pricing
    0.16 Acres

    Carrabelle Land Ready For Building

    High and dry lot in Carrabelle Landings subdivision.

    1645 Lndg St, Carrabelle, FL 32322
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    Carrabelle Land Ready to Build
    Contact for pricing
    0.16 Acres

    Carrabelle Land Ready to Build

    Residential lot in Carrabelle Landings with community amenities.

    1612 Sea Breeze Way, Carrabelle, FL 32322
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    Water View Residential Land Parcel
    $80,000
    1.79 Acres

    Water View Residential Land Parcel

    Residential land parcel ready for dream home with water views.

    306 Gramercy Plantation Blvd, Eastpoint, FL 32328
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    St. George Island Acre Lot
    $430,000
    1.03 Acres

    St. George Island Acre Lot

    One-acre lot with Gulf views in St. George Island.

    1572 Seaside Dr, Eastpoint, FL 32328
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    KELLER WILLIAMS SUCCESS REALTY
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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 SUCCESS REALTY
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