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    The Largest CRE Database in the US with Over 1 Million Listings

    Debbie Brett, Tallahassee, FL

    License ID: 3294336
    Years of Experience
    23

    Service Locations

    Contact details

    Phone:
    (850) 210-8036
    Office Address:
    1520 KILLEARN CENTER BLVD., Tallahassee, FL

    Property Types

    • Land

    Performance

    Listings
    10
    Total transactions
    167
    Total transactions amount
    $60M
    Price range
    $10k - 1.1M
    Average price
    $359k

    Listings

    For Sale (10)

    View map
    • $185,000
      0.22 Acres

      Alligator Point Canal Front Lot

      Waterfront lot with direct bay access in Alligator Point.
      15 Carousel Ter, Alligator Point, FL 32346
      View Details
    • $295,000
      1.04 Acres

      Acre Ocean-Front Lot on Dog Island

      Buildable ocean-front lot on Dog Island, Florida. Privacy and exclusivity.
      262 Gulf Shore Dr, Carrabelle, FL 32322
      View Details
    • $450,000
      0.83 Acres

      Beachfront Land on Alligator Point

      Untouched beachfront land near Bald Point State Park.
      722 Bald Pt Rd, Alligator Point, FL 32346
      View Details
    • $75,000
      0.26 Acres

      Waterfront Lot in Alligator Point

      Waterfront lot, ideal for building a dream home.
      160 Hbr Cir, Alligator Point, FL 32346
      View Details
    • $275,000
      0.28 Acres

      Beachfront Property on Alligator Point

      Gulf front homesite on Florida's Forgotten Coast with unobstructed views.
      1035 Gulfshore Blvd, Alligator Point, FL 32346
      View Details
    • $97,000
      0.16 Acres

      Waterfront Lot Near Gulf

      Waterfront lot near the Gulf of America at Alligator Point.
      3 Marlin St, Panacea, FL 32346
      View Details
    • New
      $83,900
      0.12 Acres

      Waterfront Lot in Crawfordville, FL

      Waterfront lot with boat launch near Crawfordville, Florida.
      Creek Rd, Crawfordville, FL 32327
      View Details
    • $99,000
      0.98 Acres

      Alligator Point Affordable Homesites

      Five vacant lots in Alligator Point, mobile homes allowed.
      620 Magnolia St, Alligator Point, FL 32346
      View Details
    • $475,000
      0.42 Acres

      Beachfront Lot on Alligator Point

      Buildable beachfront lot on Florida's Forgotten Coast.
      1187 Alligator Dr, Alligator Point, FL 32346
      View Details
    • $70,000
      0.30 Acres

      Coastal Homesite in Gated Community

      Homesite in gated community, steps from private beaches.
      173 Lightining Bug Ln, St Teresa, FL 32358
      View Details

    Leases and Sales on Map

    • For Sale

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    Debbie Brett, Tallahassee, FL
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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.

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    Debbie Brett, Tallahassee, FL
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