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    For Sale (21)

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    Santa Rosa Beach Canal-Front Land
    $735,000
    0.26 Acres

    Santa Rosa Beach Canal-Front Land

    Deep-water canal-front parcel in Santa Rosa Beach, Florida.

    412 Ricker Ave, Santa Rosa Beach, FL 32459
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    Prime Commercial Land in Freeport
    $1,400,000
    2.75 Acres

    Prime Commercial Land in Freeport

    2.75 acre commercial parcel in fast-developing Freeport, Florida.

    16463 S Us Highway 331, Freeport, FL 32439
    View details
    Santa Rosa Beach Building Lot
    $369,900
    1.34 Acres

    Santa Rosa Beach Building Lot

    Large wooded lot near Choctawhatchee Bay and Sandestin.

    W Hewett Rd, Santa Rosa Beach, FL 32459
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    Corner Lot in Gated Community
    $139,900

    Corner Lot in Gated Community

    Residential lot in Santa Rosa Beach, no short-term rentals.

    Marlberry Trce, Santa Rosa Beach, FL 32459
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    Destin Vacant Lot For Sale
    $194,900
    0.14 Acres

    Destin Vacant Lot For Sale

    Vacant lot in the heart of Destin, Florida.

    First St, Destin, FL 32541
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    Destin Land Near Joe's Bayou
    $699,900
    0.56 Acres

    Destin Land Near Joe's Bayou

    Four residential lots in Destin, near Joe's Bayou.

    4 Lots 1 St, Destin, FL 32541
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    Waterfront Lot in Santa Rosa
    $899,000
    0.26 Acres

    Waterfront Lot in Santa Rosa

    Quarter-acre waterfront lot with dock and bay access.

    Ricker Ave, Santa Rosa Beach, FL 32459
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    Waterfront Lot in Niceville, FL
    $500,000
    0.34 Acres

    Waterfront Lot in Niceville, FL

    Cleared waterfront lot with new seawall, dock, and lift.

    2439 Duncan Dr, Niceville, FL 32578
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    Waterfront Land on Spring Lake
    $300,000
    2.35 Acres

    Waterfront Land on Spring Lake

    2.35-acre waterfront parcel on Spring Lake in DeFuniak Springs.

    Spring Lake Rd, Defuniak Springs, FL 32433
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    Highway Frontage Vacant Lot
    $185,000
    0.56 Acres

    Highway Frontage Vacant Lot

    0.56-acre vacant lot with highway frontage in Mary Esther, FL.

    Highway 98 W, Mary Esther, FL 32569
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    Waterfront Homesite on Lake Powell
    $925,000
    0.74 Acres

    Waterfront Homesite on Lake Powell

    Exceptional waterfront homesite on Lake Powell, near beaches and 30A.

    134 Cain Rd, Panama City Beach, FL 32413
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    Residential Lot in Mary Esther
    $89,900
    0.20 Acres

    Residential Lot in Mary Esther

    Residential lot in Wynnhaven Beach Estates, close to Hurlburt AFB.

    Lakeview St, Mary Esther, FL 32569
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    Residential Lot in East River
    $84,900
    0.33 Acres

    Residential Lot in East River

    Large lot in Navarre, close to amenities and Hurlburt Field.

    2518 Weeping Willow Ln, Navarre, FL 32566
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    Santa Rosa Beach Land Parcel
    $149,900
    0.27 Acres

    Santa Rosa Beach Land Parcel

    Residential lot in Santa Rosa Beach, ready for new construction.

    Kimberly Ann Dr, Santa Rosa Beach, FL 32459
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    Santa Rosa Beach Acreage
    $549,900
    1.07 Acres

    Santa Rosa Beach Acreage

    1.07 acre lot near Choctawhatchee Bay and beaches.

    10-13 Kimberly Ann Dr, Santa Rosa Beach, FL 32459
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    Corner Lot Near Navarre Beach
    $499,000
    0.13 Acres

    Corner Lot Near Navarre Beach

    Prime corner lot near Navarre Beach with commercial zoning.

    Parcel B Sonata Ct, Navarre, FL 32566
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    Destin Land in Gated Community
    $650,000
    0.18 Acres

    Destin Land in Gated Community

    Undeveloped lot in Destiny East with resort-style amenities.

    4713 Seastar Vis, Destin, FL 32541
    View details
    Santa Rosa Beach Waterfront Land
    $735,000

    Santa Rosa Beach Waterfront Land

    Deep-water canal-front parcel in Santa Rosa Beach, Florida.

    412 Ricker Ave, Santa Rosa Beach, FL 32459
    View details
    Commercial Parcel in Freeport, Florida
    $1,400,000

    Commercial Parcel in Freeport, Florida

    2.75 acre commercial parcel in developing Freeport, Florida.

    16463 S Us Highway 331, Freeport, FL 32439
    View details
    Waterfront Land with Dock
    $500,000

    Waterfront Land with Dock

    Cleared waterfront lot with new seawall, dock, and lift.

    2439 Duncan Dr, Niceville, FL 32578
    View details
    Waterfront Land on Spring Lake
    $300,000
    102,366 SF

    Waterfront Land on Spring Lake

    2.35-acre waterfront parcel on Spring Lake in DeFuniak Springs.

    29 Spring Lake Rd, Defuniak Springs, FL 32433
    View details

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    The Premier Property Group, LLC
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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
    The Premier Property Group, LLC
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