Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (850) 927-4777
    Web Site
    Size: under 10 agents

    Agents

    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (27)

    View map
    St. George Island Vacant Land
    $209,000
    0.34 Acres

    St. George Island Vacant Land

    Vacant lot near Gulf beaches, ideal for vacation rental.

    708 W Pine St, Eastpoint, FL 32328
    View details
    St. George Island Coastal Lot
    $169,000
    0.50 Acres

    St. George Island Coastal Lot

    Residential lot in gated community, short walk to beach.

    2012 Pelican Ct E, Eastpoint, FL 32328
    View details
    Mixed-Use Lots in Port St. Joe
    $1,495,000
    0.22 Acres

    Mixed-Use Lots in Port St. Joe

    Prime mixed-use lots with endless possibilities in sought-after location.

    309 Monument Ave, Port St Joe, FL 32456
    View details
    Wooded Lots in Carrabelle, FL
    $52,000
    2.82 Acres

    Wooded Lots in Carrabelle, FL

    Two wooded lots totaling 2.8 acres near Carrabelle.

    221 Baywood Dr, Carrabelle, FL 32322
    View details
    Hibiscus Bay Waterfront Land
    $589,000
    0.59 Acres

    Hibiscus Bay Waterfront Land

    Beach to Bay community lot with Gulf views.

    Cape San Blas Rd, Port St Joe, FL 32456
    View details
    Bayfront Lot on St. George
    $425,000
    1.25 Acres

    Bayfront Lot on St. George

    Expansive bayfront lot with 100 feet of shoreline.

    1729 E Gulf Beach Dr, Eastpoint, FL 32328
    View details
    Gulf Front Lot Opportunity
    $1,375,000
    0.79 Acres

    Gulf Front Lot Opportunity

    Beachfront lot for sale near State Park.

    1748 Ee, Eastpoint, FL 32328
    View details
    Carrabelle, FL Golf Course Lot
    $49,000
    0.21 Acres

    Carrabelle, FL Golf Course Lot

    Residential lot overlooking the 18th fairway in Carrabelle, Florida.

    423 Royal Tern Way, Carrabelle, FL 32323
    View details
    Eastpoint, FL Land Opportunity
    $40,000
    0.52 Acres

    Eastpoint, FL Land Opportunity

    Residential lot in gated community near St. George Island.

    183 Lake On The Bluff Dr, Eastpoint, FL 32328
    View details
    Coastal Lodge Business Opportunity
    $829,000
    3,060 SF

    Coastal Lodge Business Opportunity

    Turnkey lodging business with income potential in Carrabelle, Florida.

    1001 Highway 98 E, Carrabelle, FL 32322
    View details
    Acre Lot in Gated Community
    $85,000
    1.00 Acre

    Acre Lot in Gated Community

    One-acre lot in gated community with beach access and amenities.

    1279 Osprey Vlg, Eastpoint, FL 32328
    View details
    Prime Mixed-Use Lots Available
    $1,495,000
    0.22 Acres

    Prime Mixed-Use Lots Available

    Rare opportunity: four lots zoned mixed-use in Port St. Joe.

    309 Monument Ave, Port St Joe, FL 32456
    View details
    Cleared Bay View Lot
    $149,000
    0.31 Acres

    Cleared Bay View Lot

    Cleared lot with bay views, near the beach.

    304 Bledsoe St, Eastpoint, FL 32328
    View details
    St. George Island Land Parcel
    $399,000
    0.95 Acres

    St. George Island Land Parcel

    Land parcel on St. George Island with future dock access.

    1613 E Gulf Beach Dr, Eastpoint, FL 32328
    View details
    St. George Island Waterfront Land
    $399,000
    0.94 Acres

    St. George Island Waterfront Land

    Waterfront land with planned community dock on St. George Island.

    1605 E Gulf Beach Dr, Eastpoint, FL 32328
    View details
    Lanark Village Coastal Lot
    $32,000
    0.13 Acres

    Lanark Village Coastal Lot

    Residential lot in Lanark Village, close to the bay.

    150 Kansas St, Lanark Village, FL 32323
    View details
    Cleared Land Parcel in Fountain
    $118,000
    10.07 Acres

    Cleared Land Parcel in Fountain

    10-acre cleared land with new driveway in Fountain, Florida.

    10320 Cowels Rd, Fountain, FL 32438
    View details
    Bayfront Land on St. George
    $425,000
    1.04 Acres

    Bayfront Land on St. George

    Homesite with bay frontage, ready for custom home.

    1207 E Gulf Beach Dr, Eastpoint, FL 32328
    View details
    Half Acre Residential Lot
    Contact for pricing
    0.50 Acres

    Half Acre Residential Lot

    Residential lot in Seven Springs Subdivision, Wewahitchka, Florida.

    121 Little River Cir, Wewahitchka, FL 32465
    View details
    St. George Island Land
    $165,000
    0.34 Acres

    St. George Island Land

    Buildable lot with beach access on St. George Island.

    964 E Pine Ave, Eastpoint, FL 32328
    View details
    Carrabelle, FL Land Overlooking Pond
    $55,000
    0.22 Acres

    Carrabelle, FL Land Overlooking Pond

    High and dry lot with potential bay view.

    171 Royal Tern Way, Carrabelle, FL 32323
    View details
    Eastpoint Mixed-Use Property on Hwy
    $469,900
    1,728 SF

    Eastpoint Mixed-Use Property on Hwy

    Versatile property suitable for residential or commercial use.

    290 Us Highway 98, Eastpoint, FL 32328
    View details
    Half-Acre Lot Near Willis Landing
    Contact for pricing
    0.50 Acres

    Half-Acre Lot Near Willis Landing

    Half-acre lot near boat ramp, ideal for vacation retreat.

    325 Riverside Cir, Wewahitchka, FL 32465
    View details
    Half-Acre Lot Near Willis Landing
    Contact for pricing
    0.55 Acres

    Half-Acre Lot Near Willis Landing

    Half-acre lot near boat ramp, ideal for cozy retreat.

    255 Riverside Cir, Wewahitchka, FL 32465
    View details
    Residential Land in Gated Community
    $55,000
    1.01 Acres

    Residential Land in Gated Community

    Residential land with amenities in a desirable gated community.

    305 Sweet Bay Cir, Eastpoint, FL 32328
    View details
    St. George Island Vacant Land
    $149,000
    0.28 Acres

    St. George Island Vacant Land

    Vacant lot with canal and bay views on St. George Island.

    532 W Sawyer St, Eastpoint, FL 32328
    View details
    Golf Course View Homesite
    $34,700
    0.13 Acres

    Golf Course View Homesite

    Homesite overlooking the 5th hole of St. James Bay Golf Course.

    110 Spoonbill Ct, Carrabelle, FL 32323
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    ST. GEORGE ISLAND REALTY
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    ST. GEORGE ISLAND REALTY
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!