Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings
    (251) 233-8675
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Alabama

    Florida

    Property Types

    • Residential
    • Land
    • Commercial Sale

    Listings

    For Sale (24)

    View map
    Spacious Wooded Lot Near Golf
    Contact for pricing
    0.69 Acres

    Spacious Wooded Lot Near Golf

    0.69-acre wooded lot near Sunny Hills Golf Course.

    Flagler Dr, Chipley, FL 32428
    View details
    170 Acres Wooded Retreat Land
    $997,700
    170.00 Acres

    170 Acres Wooded Retreat Land

    170 acre wooded land near interstate and beaches.

    170 Acres, Ponce de Leon, FL 32455
    View details
    Commercial Lot in Tourist Area
    $950,000
    0.57 Acres

    Commercial Lot in Tourist Area

    Located in the heart of Panama City Beach's tourist area.

    9823 Thomas Dr, Panama City Beach, FL 32408
    View details
    Vernon, FL Land Investment
    $2,940,860
    113.11 Acres

    Vernon, FL Land Investment

    113.11 acres with highway frontage near Panama City Beach.

    Hightower Rd, Vernon, FL 32462
    View details
    Coastal Land in Retreat Community
    $129,000
    0.08 Acres

    Coastal Land in Retreat Community

    Land in Gulf Shores community with unique Creole architecture.

    2616 Serigny St, Gulf Shores, AL 36542
    View details
    Residential Lot in Gulf Breeze
    $53,900
    0.22 Acres

    Residential Lot in Gulf Breeze

    Residential land for sale near Woodlawn Beach Boat Launch.

    5406 Wichitaw Ct, Gulf Breeze, FL 32563
    View details
    Prime Commercial Land Near I-10
    $951,300
    10.57 Acres

    Prime Commercial Land Near I-10

    10.57 acres of commercial land near Interstate 10.

    Magnolia Rd, Marianna, FL 32448
    View details
    Foley Land Parcel For Sale
    $254,049
    6.83 Acres

    Foley Land Parcel For Sale

    6.83 acre parcel zoned for rural agricultural use.

    County Road 16, Foley, AL 36535
    View details
    Foley Land Parcel For Sale
    $254,399
    6.84 Acres

    Foley Land Parcel For Sale

    6.84 acre parcel zoned for rural agricultural use.

    County Road 16, Foley, AL 36535
    View details
    Foley Land Parcel For Sale
    $254,399
    6.84 Acres

    Foley Land Parcel For Sale

    6.84 acre parcel zoned Rural Agricultural in Foley, Alabama.

    County Road 16, Foley, AL 36535
    View details
    Un-Zoned Land Parcel in Foley
    $345,299
    9.58 Acres

    Un-Zoned Land Parcel in Foley

    9.58 acres of cleared, flat land for sale.

    Back 40 Ln, Foley, AL 36535
    View details
    Land in Sunny Hills Community
    Contact for pricing
    0.23 Acres

    Land in Sunny Hills Community

    0.229-acre lot in a growing Chipley, FL community.

    Fillmore Ave, Chipley, FL 32428
    View details
    Hicks Lake Waterfront Recreational Land
    $159,999
    7.77 Acres

    Hicks Lake Waterfront Recreational Land

    7.77 acres with water frontage on Hicks Lake.

    Hicks Lake Ln, Vernon, FL 32462
    View details
    Wooded Corner Lot in Fountain
    Contact for pricing
    0.62 Acres

    Wooded Corner Lot in Fountain

    0.62-acre wooded corner lot ideal for a dream home.

    11742 Poinsettia St, Fountain, FL 32438
    View details
    Unique 16.1 Acres Corner Lot
    $67,000
    16.10 Acres

    Unique 16.1 Acres Corner Lot

    16.1-acre corner property resembling a Boeing 747 in Fountain.

    Oak Tree Ln, Fountain, FL 32438
    View details
    Little Lagoon Waterfront Property
    $250,000

    Little Lagoon Waterfront Property

    Waterfront property in Gulf Shores with lagoon access and amenities.

    Heron Point Dr, Gulf Shores, AL 36542
    View details
    Spacious Land in Chipley, Florida
    $45,000
    3.48 Acres

    Spacious Land in Chipley, Florida

    3.48-acre lot with utilities and shed near Panama City Beach.

    2114 Miller Ln, Chipley, FL 32428
    View details
    Residential Lot in Sunny Hills
    Contact for pricing
    0.26 Acres

    Residential Lot in Sunny Hills

    0.26-acre residential lot in Sunny Hills, Florida.

    Terrell St, Chipley, FL 32428
    View details
    Secluded Gulf Shores Land
    $575,000
    1.14 Acres

    Secluded Gulf Shores Land

    Rare 1.26-acre property near Bon Secour National Wildlife Refuge.

    123 Kelly Ln, Gulf Shores, AL 36542
    View details
    Prime Commercial Land Near I-10
    $951,300

    Prime Commercial Land Near I-10

    10.57 acres of commercial land near Interstate 10.

    00 Magnolia Rd, Marianna, FL 32448
    View details
    Highway Frontage Land Investment
    $2,940,860

    Highway Frontage Land Investment

    Land with highway frontage and development potential near Panama City.

    00 Hightower Rd, Vernon, FL 32462
    View details
    Prime Tourist Area Commercial Lot
    $950,000

    Prime Tourist Area Commercial Lot

    Commercial lot in high-traffic tourist area, Panama City Beach.

    9823 Thomas Dr, Panama City Beach, FL 32408
    View details
    Unique Corner Lot in Fountain
    $67,000

    Unique Corner Lot in Fountain

    16.1-acre corner property resembling a Boeing 747.

    000 Oak Tree Ln, Fountain, FL 32438
    View details
    Fountain, Florida Wooded Land
    Contact for pricing

    Fountain, Florida Wooded Land

    Just under 5 acres of private, wooded land.

    00 Oak Tree Ln, Fountain, FL 32438
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    World Impact Real Estate
    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
    World Impact Real Estate
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!