Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    000 Nichols Lake Rd Milton, FL 32583

    Picture of Land at Nichols Lake Rd 000, Milton, FL
    For Sale
    $1,900,000

    Land/Acreage - Milton, FL

    Lot size:
    23.00 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 10 at 3:06 pm

    Property Features for 000 Nichols Lake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    151N270000008070000
    Lot size
    23.00 Acres

    Building Details

    Architectural style
    Other

    ERIC GLEATON REALTY, INC 225 850-477-5908

    Listing agent Larry Carlan (850) 477-5908

    Listing date Sep 29, 2025

    MLS# 607721 Listing URL

    Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milton Land with Development Potential

    This property features over 23 acres of land zoned R1M, located off of Hwy 87 South on Nichols Lake Rd in Milton, FL. The property is situated in Santa Rosa County. There is potential for commercial zoning, as the property is within the Whiting Field fly zone. A 40 ft perpetual easement exists along the back property line, leading to a 100x100 ft cell tower site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.999961523
    Latitude
    30.684435812

    Nearby Similar for Sale

    • $325,000

      Updated Duplex in Prime Location

      Like-new duplex with updates and stainless steel appliances in Milton, FL.
      7059 Milton Dr, Milton, FL 32583
      View Details
    • $139,500

      Duplex in Prime Milton Location

      Duplex in Milton, FL, ideal for investors and builders.
      7095 Milton Dr, Milton, FL 32583
      View Details
    • $295,000
      19.85 Acres

      Waterfront Acreage in Milton, Florida

      19.85 acres with waterfront access near Pensacola beaches.
      00000 San Raphael Rd, Milton, FL 32570
      View Details
    • $5,100,000
      20,000 SF

      Eco-Friendly Retreat in Milton, Florida

      Eco-tourism destination with diverse accommodations and expansion potential.
      7009 Creek Stone Rd, Milton, FL 32570
      View Details
    • $265,000
      1,800 SF

      Mixed-Use Property in Prime Location

      Versatile mixed-use property suitable for owner-occupancy or investment.
      5770 Stewart St, Milton, FL 32570
      View Details
    • $499,000
      2,000 SF

      Commercial Corner with Pet Facility

      Commercial property with existing building and development potential.
      5844 Berryhill Rd, Milton, FL 32570
      View Details

    FAQs

    What type of property is this?
    Land - 23+ acres near Hwy 87, potential for commercial zoning.
    Where is this land located?
    The property is located at 000 Nichols Lake Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - 23+ acres of land offering ample space and possibilities.; - Zoned R1M with potential for commercial rezoning, opening doors to various development options.; - Located directly off Hwy 87 South, ensuring convenient access.
    (850) 477-5908
    Request Owner's contact information
    000 Nichols Lake Rd Milton, FL 32583
    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.
    000 Nichols Lake Rd
    Milton, FL 32583
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    000 Nichols Lake Rd Milton, FL 32583
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.