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    0001 Treetop Ridge Dr Pace, FL 32571

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    Claim this Listing
    For Sale
    $399,900

    LAND - Pace, FL

    Lot size:
    30.04 Acres
    Added:
    Jan 1, 2025
    Days on Market:
    475
    Last Refresh:
    Apr 21 at 10:06 am

    Property Features for 0001 Treetop Ridge Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    383n300000001120000
    Lot size
    30.04 Acres

    Taxes and HOA fees

    Tax Description
    **NEW PARCEL FOR 2021 TAXES** COMMENCE AT THE SOUTHEAST CORNER OF SECTION 35 TOWNSHIP 3 NORTH RANGE 30 WEST SANT ROSA COUNTY FLORIDA THENCE S85*46'07"E FOR 1816.25 FEET TO THE POINT OF BEGINNING; THENCE CONTLNUE S85 46'07"E FOR 268.30 TO A POINT HEREAFTER REFERRED TO AS POINT "A" AND THE CENTERLINE OF AN EXISTING DIRT ROAD; THENCE RUN THE FOLLOWING BEARINGS & DISTANCES ALONG AN EXISTING DIRT RD: S02*53'29"E 60.02 FT, S41*16'28"E FOR 208.51 FEET, S30*01'56"E FOR 267.31 FEET, S27 07'09"E FOR 89.64 FEET, S25 34'46"E FOR 157.91 FEET, S09*09'59"E FOR 50.75 FEET, S01 25'04"E FOR 263.18 FEET, S06 47'00"E FOR 105.35 FEET, S17 46'48"E FOR 101.37 FEET, S16*03'29"E FOR 470.02 FEET, S12*30'29"E FOR 53.28 FEET, S04*17'04"E FOR 55.34 FEET, S09*50'40"W FOR 49.69 FEET TO A POINT; THENCE DEPARTLNG FROM SAID DIRT RD CENTERLINE, RUN S82 27'46"W FUOR 29.44 FEET, THENCE S82*27'46"W FOR 615.93 FEET, THN N78*31'28"W FOR 348.55 FEET; THN N04*13'53"E 1832.57 FEET BACK TO THE POINT OF BEGINNING, SALD TRACT CONTAINING 30.00 ACRES, +/- ALONG AND TOGETHER WITH AN EASEMENT FOR INGRESS, EGRESS AND UTILITY PURPOSES ALL AS DES IN OR 4009 PG 823 (OUT OF #1.6 FOR 2021) (LEGAL/ SALE ALSO INCL #1.44 OF SEC 03-T2N, R30W,-OUT OF #1.43, ALL #1.1 OF SEC 04, T2N, R30W, & #1.37 OF SEC 39, T3N, R-30W) SEC 39, T3N, R30W-OUT OF #1)

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    Listing Contact
    Shane Thomas
    Shane Thomas

    Listing agent Shane Thomas

    Listing office Levin Rinke Realty 220 W Garden Street Suite 125, Pensacola Beach, FL

    Listing date Jan 1, 2025

    MLS# 656951 Listing URL

    Copyright © 2026 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

    Pace, FL Land Opportunity

    This 30.04-acre lot presents an opportunity to create a dream home in a serene and tranquil setting near Pace, FL. The property offers natural beauty and is ideal for those who appreciate nature. The wooded lot allows for a home that blends with its surroundings. Located minutes from Pace, FL and the Escambia River, this property offers a retreat from city life. There is no HOA. Please do not enter the road beside the pond, as the road and pond are private property. Enter the driveway beside the real estate sign.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.194
    Latitude
    30.6712

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    FAQs

    What type of property is this?
    Residential land & home lot - 30.04 acre lot near Pace, FL, no HOA.
    Where is this residential land & home lot located?
    The property is located at 0001 Treetop Ridge Dr Pace, FL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Serene and tranquil setting ideal for a retreat.; Perfect canvas for building a dream home.; Natural beauty and surroundings.
    (850) 916-5050
    We can help!
    Listing Contact
    Shane Thomas
    Shane Thomas
    Learn More
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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
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