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    Levin Rinke Resort Realty

    10 Portofino Dr., Pensacola Beach, FL 32561
    (850) 916-5050
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    Listings

    For Sale (72)

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    Vacant Bayou Preserve Lot
    $185,000
    0.62 Acres

    Vacant Bayou Preserve Lot

    Build your dream home in Redfish Harbor, Pensacola, FL.

    13718 Osprey Dr, Pensacola, FL 32507
    View details
    Waterfront Land on Perdido Bay
    $900,000
    30.81 Acres

    Waterfront Land on Perdido Bay

    30.81-acre property with 850 feet of waterfront.

    12600 Meadson Rd, Pensacola, FL 32506
    View details
    Pensacola Beach Homesite Opportunity
    $345,000
    0.09 Acres

    Pensacola Beach Homesite Opportunity

    Prime homesite near Pensacola Beach with Gulf views.

    521 Fort Pickens Rd, Pensacola Beach, FL 32561
    View details
    20.52 Acre Residential Land Parcel
    $130,000
    20.52 Acres

    20.52 Acre Residential Land Parcel

    20.52 acre residential parcel near I-10 and Avalon Blvd.

    Robinson Point Rd, Milton, FL 32583
    View details
    Pace, FL 6-Acre Land
    $229,900
    6.04 Acres

    Pace, FL 6-Acre Land

    6-acre property in Wallace Lake area, Pace, FL.

    001 Wallace Lake Rd, Pace, FL 32571
    View details
    Pace, FL Land Opportunity
    $399,900
    30.04 Acres

    Pace, FL Land Opportunity

    30.04 acre lot near Pace, FL, no HOA.

    0001 Treetop Rdg Dr, Pace, FL 32571
    View details
    Land with Water Access
    $44,900
    0.40 Acres

    Land with Water Access

    Land with access to Yellow River, Blackwater River and East Bay.

    Virginia Ln, Milton, FL 32583
    View details
    Commercial Lot in Pensacola, FL
    $69,900
    0.41 Acres

    Commercial Lot in Pensacola, FL

    Commercial land available for sale in Pensacola, Florida.

    3700 Mobile Hwy, Pensacola, FL 32505
    View details
    Pensacola Land Backs to Nature
    $89,999
    4.71 Acres

    Pensacola Land Backs to Nature

    Cleared land near Perdido Key, Johnson's Beach, and downtown.

    2110 Karlburg Dr, Pensacola, FL 32506
    View details
    Waterfront Lot for Custom Home
    $389,000
    0.66 Acres

    Waterfront Lot for Custom Home

    Coastal lot with deep water access, ready for custom build.

    2022 Mackey Key Dr, Pensacola, FL 32514
    View details
    Prime Lot in North Hill
    $379,900
    0.21 Acres

    Prime Lot in North Hill

    Cleared lot in historic district, build your dream home.

    1011 N Reus St, Pensacola, FL 32501
    View details
    Waterfront Lot in Gulf Breeze
    $200,000
    0.13 Acres

    Waterfront Lot in Gulf Breeze

    Canal-front lot with direct access to Pensacola Bay.

    Stanford Rd, Gulf Breeze, FL 32563
    View details
    Partially Wooded Land in Jay, FL
    $199,900
    15.13 Acres

    Partially Wooded Land in Jay, FL

    15.13 acre lot near Escambia River, perfect for dream home.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Corner Lot Near Blackwater Bay
    $58,900
    0.47 Acres

    Corner Lot Near Blackwater Bay

    Corner lot near waterfront community, build your dream home!

    01 Petersen Point Rd, Milton, FL 32583
    View details
    Corner Lot Near Blackwater Bay
    $105,000
    0.94 Acres

    Corner Lot Near Blackwater Bay

    Corner lot near waterfront community to build your dream home.

    Petersen Point Rd, Milton, FL 32583
    View details
    Land Near Escambia River
    $79,900
    3.16 Acres

    Land Near Escambia River

    3.16 acre lot near Chumuckla Springs Boat Landing.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Vacant Lot in Redfish Harbor
    $180,000
    1.00 Acres

    Vacant Lot in Redfish Harbor

    Buildable lot in waterfront community with available marina access.

    13778 Osprey Dr, Pensacola, FL 32507
    View details
    Pensacola Beach Vacant Land
    $345,000
    0.09 Acres

    Pensacola Beach Vacant Land

    Vacant lot near the heart of Pensacola Beach, Florida.

    521 Fort Pickens Rd, Pensacola Beach, FL 32561
    View details
    LAND - Seminole, AL
    $417,000
    54.00 Acres

    LAND - Seminole, AL

    Waterfront Land • 54.00 Acres

    4 Red Feather Dr, Seminole, AL 36574
    View details
    Wooded Lot Near Waterfront
    $75,000
    0.80 Acres

    Wooded Lot Near Waterfront

    Nearly an acre of land with deeded waterfront access.

    864 Dolphin Rd, Milton, FL 32583
    View details
    Pensacola Land in Leeward Community
    $58,000
    0.17 Acres

    Pensacola Land in Leeward Community

    Corner lot in a charming coastal community with architectural plans.

    4972 Leeward Dr, Pensacola, FL 32507
    View details
    Prime Perdido Key Development Land
    $1,350,000
    1.31 Acres

    Prime Perdido Key Development Land

    1.3-acre property in Pensacola, FL, ideal for mixed-use development.

    5661 Galvez Rd, Pensacola, FL 32507
    View details
    Spacious Homesite in Pace, FL
    $70,000
    2.15 Acres

    Spacious Homesite in Pace, FL

    2.15-acre parcel for site-built homes in a growing area.

    7435 Tidwell Rd, Pace, FL 32571
    View details
    Waterfront Land on Pensacola Beach
    $1,179,000
    0.16 Acres

    Waterfront Land on Pensacola Beach

    Sound-front lot with pier/dock rights to build dream coastal retreat.

    1581 Bulevar Menor, Pensacola Beach, FL 32561
    View details
    Waterfront Land in Harbourview Community
    $330,000
    0.22 Acres

    Waterfront Land in Harbourview Community

    Secluded homesite with bay views in desirable Pensacola neighborhood.

    1055 Harbourview Cir, Pensacola, FL 32507
    View details
    Pensacola Vacant Lot For Sale
    $30,000
    0.18 Acres

    Pensacola Vacant Lot For Sale

    Expansive vacant lot in a desirable Pensacola location.

    100 E Crescent Dr, Pensacola, FL 32503
    View details
    Gulf Breeze Residential Lot
    $55,000
    0.21 Acres

    Gulf Breeze Residential Lot

    Undeveloped residential lot in Gulf Breeze's Polynesian Islands subdivision.

    Duke Dr, Gulf Breeze, FL 32563
    View details
    Vacant Lot in Redfish Harbor
    $199,000
    0.94 Acres

    Vacant Lot in Redfish Harbor

    Buildable lot in waterfront community with available boat slips.

    13754 Osprey Dr, Pensacola, FL 32507
    View details
    Cantonment Commercial Land For Sale
    $440,000
    2.90 Acres

    Cantonment Commercial Land For Sale

    2.9 acres of vacant commercial land on Highway 95A.

    5 E Quinette Rd, Cantonment, FL 32533
    View details
    Pensacola Land with Build Plans
    Contact for pricing
    0.18 Acres

    Pensacola Land with Build Plans

    0.18-acre parcel with build plans near Mobile Highway.

    1611 N 62Nd Ave, Pensacola, FL 32506
    View details
    Vacant Lot in Redfish Harbor
    $180,000
    1.02 Acres

    Vacant Lot in Redfish Harbor

    Vacant lot in waterfront community with marina access.

    13774 Osprey Dr, Pensacola, FL 32507
    View details
    Pensacola Land in Redfish Harbor
    $199,000
    0.96 Acres

    Pensacola Land in Redfish Harbor

    Vacant lot in waterfront community with premium amenities.

    13758 Osprey Dr, Pensacola, FL 32507
    View details
    Vacant Bayou Preserve Lot
    $169,000
    1.03 Acres

    Vacant Bayou Preserve Lot

    Build your dream home on this waterfront preserve lot.

    13794 Osprey Dr, Pensacola, FL 32507
    View details
    Vacant Lot in Redfish Harbor
    $190,000
    0.72 Acres

    Vacant Lot in Redfish Harbor

    Build your dream home in a waterfront community with amenities.

    13734 Osprey Dr, Pensacola, FL 32507
    View details
    Partially Wooded Land in Jay
    $59,000
    1.80 Acres

    Partially Wooded Land in Jay

    1.8 acre partially wooded lot, perfect for building a home.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Gulf Breeze Homesite Opportunity
    $674,999
    0.52 Acres

    Gulf Breeze Homesite Opportunity

    Vacant lot in desirable Gulf Breeze Proper community.

    421 Canterbury Ln, Gulf Breeze, FL 32561
    View details
    Residential Land in Tidal Bay
    $59,900
    1.85 Acres

    Residential Land in Tidal Bay

    1.85 acre residential land for sale in Milton, Florida.

    lot 23 & 24 Tidal Bay Dr, Milton, FL 32583
    View details
    20+ Acres Wooded Land
    $395,000
    20.63 Acres

    20+ Acres Wooded Land

    Over 20 acres of private wooded land near I-10.

    2173 Garcon Point Rd, Milton, FL 32583
    View details
    Pensacola Land For Sale
    $225,000
    0.69 Acres

    Pensacola Land For Sale

    0.69 acre lot in central location with utilities.

    117 Lenox Pkwy, Pensacola, FL 32505
    View details
    Pensacola Land in Coastal Community
    $115,000
    0.49 Acres

    Pensacola Land in Coastal Community

    Residential lot in Leeward community with amenities and convenient location.

    10550 Squall Line Rd, Pensacola, FL 32507
    View details
    Waterfront Land on Blackwater Bay
    $220,000
    1.57 Acres

    Waterfront Land on Blackwater Bay

    Rare waterfront lot with sandy beach and bay views.

    3155 Deep Water Cir, Milton, FL 32530
    View details
    Land in Serene Setting
    $59,000
    2.03 Acres

    Land in Serene Setting

    Partially wooded 2.03-acre lot, ideal for nature lovers.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Waterfront Lot in Gulf Breeze
    $200,000
    0.13 Acres

    Waterfront Lot in Gulf Breeze

    Canal-front lot with direct access to Pensacola Bay.

    Stanford Rd, Gulf Breeze, FL 32563
    View details
    Large Cantonment Land Parcel
    $875,000
    42.34 Acres

    Large Cantonment Land Parcel

    Over 42 acres of land in a growing community.

    550 Jacks Branch Rd, Cantonment, FL 32533
    View details
    Residential Lot in Pensacola, FL
    $68,000
    0.10 Acres

    Residential Lot in Pensacola, FL

    Cleared residential lot near amenities in Pensacola, Florida.

    800 N Hayne St, Pensacola, FL 32501
    View details
    20+ Acres Wooded Land Opportunity
    $395,000
    20.63 Acres

    20+ Acres Wooded Land Opportunity

    Over 20 acres of private wooded land near Gulf Breeze.

    2173 Garcon Point Rd, Milton, FL 32583
    View details
    Mcdavid, FL 10-Acre Wooded Land
    $179,000
    10.11 Acres

    Mcdavid, FL 10-Acre Wooded Land

    Beautiful 10-acre wooded property, perfect for a dream home.

    7900 Enon School Rd, Mc David, FL 32568
    View details
    Land in Serene Jay, FL
    $59,000
    1.80 Acres

    Land in Serene Jay, FL

    Partially wooded 1.8-acre lot, ideal for a dream home.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Highway Commercial Land For Sale
    $500,000
    1.70 Acres

    Highway Commercial Land For Sale

    1.7 acres of highway commercial land in Pace, Florida.

    5392 Highway 90, Pace, FL 32571
    View details
    Sprawling Island Property For Sale
    $750,000
    150.95 Acres

    Sprawling Island Property For Sale

    150-acre island with uplands, ideal for retreat or development.

    Is Delmonte Dr, Milton, FL 32583
    View details
    Pensacola Fourplex Investment Opportunity
    $689,000

    Pensacola Fourplex Investment Opportunity

    Income-producing fourplex near UWF and Navy Federal Credit Union.

    1335 Foxborough Dr, Pensacola, FL 32514
    View details
    Waterfront Land in Savannah Plantation
    $650,000
    0.38 Acres

    Waterfront Land in Savannah Plantation

    Vacant land with Santa Rosa Sound views and water access.

    1709 Brooke Beach Dr, Navarre, FL 32566
    View details
    Prime Commercial Lot on Fairfield
    $75,000
    0.16 Acres

    Prime Commercial Lot on Fairfield

    Highly visible commercial lot in Pensacola, ideal for various businesses.

    4206 W Fairfield Dr, Pensacola, FL 32505
    View details
    Waterfront Land on Blackwater River
    $275,000
    0.99 Acres

    Waterfront Land on Blackwater River

    Waterfront property with canals, bunkhouses, and deep water access.

    32232 Kingway Cir, Seminole, AL 36574
    View details
    Pace, FL Land For Sale
    $189,900
    4.49 Acres

    Pace, FL Land For Sale

    4.492 acre property in Pace, Florida with pond.

    0001 Chumuckla Hwy, Pace, FL 32571
    View details
    40 Acres in Milton, Florida
    $589,000
    40.75 Acres

    40 Acres in Milton, Florida

    40-acre parcel perfect for homesteading, recreation, or development.

    Whitfield Rd, Milton, FL 32570
    View details
    Waterfront Land with Boathouse Access
    $2,995,000
    17.33 Acres

    Waterfront Land with Boathouse Access

    17.33-acre waterfront property with boathouse and boat ramp.

    8120 Blackwater Dr, Milton, FL 32583
    View details
    Land Near Escambia River
    $69,900
    2.50 Acres

    Land Near Escambia River

    2.5-acre lot near Chumuckla Springs Boat Landing.

    Mineral Springs Rd, Jay, FL 32565
    View details
    Residential Land in Milton, FL
    Contact for pricing
    0.25 Acres

    Residential Land in Milton, FL

    0.25 acres ready for construction with bay views.

    Owensville Rd, Milton, FL 32583
    View details
    Land in Serene Jay, FL
    $85,000
    4.51 Acres

    Land in Serene Jay, FL

    Dream home canvas in tranquil setting near Escambia River.

    14 Sid Hayes Rd, Jay, FL 32565
    View details
    Residential Land Near Blackwater Bay
    $48,900
    0.47 Acres

    Residential Land Near Blackwater Bay

    Land parcel near waterfront community, ideal for custom home.

    02 Petersen Point Rd, Milton, FL 32583
    View details
    Waterfront Lot in Gulf Breeze
    $279,000
    1.44 Acres

    Waterfront Lot in Gulf Breeze

    Waterfront and forest lot to build your dream home.

    Wild Roost Rd, Gulf Breeze, FL 32563
    View details
    Land with Avalon Blvd Frontage
    $250,000
    0.92 Acres

    Land with Avalon Blvd Frontage

    Commercial land with road frontage near new courthouse.

    3981 Avalon Blvd, Milton, FL 32583
    View details
    Vacant Lot in Gulf Breeze
    $49,999
    0.20 Acres

    Vacant Lot in Gulf Breeze

    0.20-acre vacant lot in desirable Gulf Breeze area.

    5943 Embassy St, Gulf Breeze, FL 32563
    View details
    NatureWalk at Pond Creek Homesite
    $165,000
    3.77 Acres

    NatureWalk at Pond Creek Homesite

    3.77-acre homesite in a private, nature-inspired community.

    Pne Preserve Ln, Pace, FL 32571
    View details
    Industrial Lot For Lease
    $99,990

    Industrial Lot For Lease

    One-acre industrial lot for lease, suitable for parking/storage.

    4210 Anthony St, Pensacola, FL 32505
    View details
    Highway Frontage Commercial Lot
    $950,000

    Highway Frontage Commercial Lot

    0.509-acre commercial lot with highway frontage in Navarre, FL.

    8128 Third St, Navarre, FL 32566
    View details
    Retail Property Near Cervantes Avenue
    $290,000

    Retail Property Near Cervantes Avenue

    Retail property one block from Cervantes and 9th Avenue.

    823 E Gadsden St, Pensacola, FL 32501
    View details
    Pensacola Land Ready For Development
    $200,000

    Pensacola Land Ready For Development

    Prime commercial land opportunity in a rapidly growing Pensacola area.

    2300 Gloria Cir, Pensacola, FL 32514
    View details
    Highway Commercial Development Land Available
    $500,000

    Highway Commercial Development Land Available

    1.7 acres of highway commercial land for sale.

    5392 Highway 90, Pace, FL 32571
    View details
    Private Wooded Land For Sale
    $395,000

    Private Wooded Land For Sale

    20+ acres of private wooded land near I-10.

    2173 Garcon Point Rd, Milton, FL 32583
    View details
    Land in Arbor Ridge Subdivision
    $412,000

    Land in Arbor Ridge Subdivision

    Land for sale in Lillian, Alabama's Arbor Ridge Subdivision.

    32656 Arbor Ridge Cir, Lillian, AL 36549
    View details

    For Lease (3)

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    Versatile Warehouse with Fenced Lot
    $10 SF/Yr
    6,200 SF

    Versatile Warehouse with Fenced Lot

    6,200 SF warehouse with offices, roll-up doors, fenced lot.

    523 S Old Corry Field Rd, Pensacola, FL 32507
    View details
    Highway 90 Commercial Land
    Contact for pricing

    Highway 90 Commercial Land

    2.93 acres of commercial land with highway frontage.

    5875 Highway 90, Milton, FL 32583
    View details
    Prime Commercial Space For Lease
    $20 SF/Yr
    3,600 SF

    Prime Commercial Space For Lease

    Office/retail space with high visibility on a busy commercial corridor.

    275 W Airport Blvd, Pensacola, FL 32505
    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
    Levin Rinke Resort Realty
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