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

    1 Margies Ln Wewahitchka, FL 32465

    Sponsored
    For Sale
    Under Contract
    $49,900

    Residential Lots/Land - Wewahitchka, FL

    Lot size:
    0.57 Acres
    Days on Market:
    28
    Last Refresh:
    Jan 26 at 11:06 pm

    Property Features for 1 Margies Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    03426-027R
    Lot size
    0.57 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laura Baxley
    Laura Baxley

    Port Realty Group (850) 340-1213

    Listing agent Laura Baxley (850) 227-7979

    Listing date Dec 30, 2025

    MLS# 321756 Listing URL

    Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wewahitchka, FL Residential Lot

    This 0.57 acre lot is located in a quiet neighborhood in Northern Gulf County, Wewahitchka, Florida. The lot is cleared and ready for construction. This property offers country-style living, while remaining close to the beaches of Mexico Beach. Residents can enjoy fishing, boating, or canoeing on the Intercoastal Waterway. RVs are permitted. There are no Home Owners Associations. Additional land is available. A well and septic tank are needed. The property is located on a private dirt road that is not county maintained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wewahitchka
    County
    Gulf
    State
    Florida
    Longitude
    -85.348804904975
    Latitude
    30.010315010334

    Nearby Similar for Sale

    • New
      $175,000
      960 SF

      RV Ready Panhandle Hideaway

      Hurricane-ready property near Dead Lake Parks boat ramp.
      260 Our Town Rd, Wewahitchka, FL 32465
      View Details
    • $500,000
      1,846 SF

      Commercial Property on Highway 22

      2.2 acre commercial property with building on Highway 22.
      1523 Highway 22, Wewahitchka, FL 32465
      View Details
    • $156,900
      0.54 Acres

      Improved RV Site in Wewahitchka, FL

      Upscale RV community with utilities near Florida's Forgotten Coast.
      103 Kiera Ct, Wewahitchka, FL 32465
      View Details
    • $79,500
      0.31 Acres

      Upscale RV Community Site

      Improved RV site in Wewahitchka, Florida, near beaches.
      134 Kiera Ct, Wewahitchka, FL 32465
      View Details
    • $72,500
      0.31 Acres

      Improved RV Site in Wewahitchka, FL

      Upscale RV community lot near beaches and outdoor activities.
      110 Kiera Ct, Wewahitchka, FL 32465
      View Details
    • $96,500
      0.33 Acres

      Improved RV Site in Wewahitchka

      Upscale RV community lot near Florida's Forgotten Coast beaches.
      109 Kiera Ct, Wewahitchka, FL 32465
      View Details
    • $92,000
      2.05 Acres

      Riverfront Acreage on Dead Lakes

      2 acres of riverfront property on the Dead Lakes.
      Cypress Ct, Wewahitchka, FL 32465
      View Details
    • $450,000
      994 SF

      Wewahitchka Commercial Property - Hwy 71

      High-Visibility Commercial Building, .69 Acres
      1646 Highway 71, Wewahitchka, FL 32465
      View Details
    • $223,000
      3.56 Acres

      Highway 71 Commercial Land Opportunity

      Prime 3.56-acre commercial lot, Hwy 71 frontage.
      1021 Highway 71, Wewahitchka, FL 32456
      View Details
    • $200,000
      2,386 SF

      if they choose

      a triplex
      547 Highway 71, Wewahitchka, FL 32465
      View Details
    • $250,000
      1.34 Acres

      Hwy 22 Commercial Land Opportunity

      Prime 1.34-Acre Business Site on Hwy 22
      1523 Highway 22, Wewahitchka, FL 32465
      View Details
    • $225,000

      Highway 71 Commercial Land

      3.56 Acres, Prime Location, High Visibility
      1021 Highway 71, Wewahitchka, FL 32465
      View Details

    FAQs

    What type of property is this?
    Land - 0.57 acre lot ready for your dream home.
    Where is this land located?
    The property is located at 1 Margies Ln Wewahitchka, FL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - Large 0.57 acre lot, cleared and ready for building.; - Located close to the beaches of Mexico Beach and the Intercoastal Waterway.; - No HOA fees.
    (850) 819-5827
    Request Owner's contact information
    1 Margies Ln Wewahitchka, FL 32465
    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.
    1 Margies Ln
    Wewahitchka, FL 32465
    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
    1 Margies Ln Wewahitchka, FL 32465
    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

    We can help!
    Listing Contact
    Laura Baxley
    Laura Baxley
    Real Estate License ID: 3489032
    (850) 819-5827
    Learn more
    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.