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    109 N 27Th St Mexico Beach, FL 32456

    View on Map
    Sponsored
    For Sale
    $199,000

    Residential Lots/Land - Mexico Beach, FL

    Lot size:
    0.17 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 10 at 2:06 pm

    Property Features for 109 N 27Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    04499-060-000
    Lot size
    0.17 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Regina Gossett

    98 REAL ESTATE GROUP, LLC (850) 648-2200

    Listing agent Regina Gossett (850) 648-2200

    Listing date Mar 3, 2026

    MLS# 326601 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

    Gulf View Homesite in Mexico Beach

    This 75 x 100 building lot is located on a quiet dead-end street with only ten homes. The natural wooded lot offers potential for a custom beach retreat. Its size allows for the construction of various home designs. Located in the X flood zone, flood insurance is not required. Situated less than two blocks from the beach, the property is within walking distance of the Gulf. When a home is built on the lot, it will be possible to see the waves crashing on the beach. A community playground featuring climbing structures, a basketball court, and pickleball courts is located nearby on 21st Street. The lot is located in Mexico Beach, which has seen growth and revitalization since 2018. New amenities include a coffee shop, beach wear and gift shops, restaurants, and a boutique grocery store coming soon. A 6-mile sidewalk is available for walking and biking. The beach renourishment project has created wide, sandy beaches. This lot offers location, size, and privacy within a coastal community and is suitable for a full-time residence, vacation getaway, or investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Building Supply Big Box & Wholesale Store Accounting Firm Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexico Beach
    County
    Gulf
    State
    Florida
    Longitude
    -85.4168493
    Latitude
    29.9459362

    Nearby Similar for Sale

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      0.20 Acres

      Gulf Front Land Opportunity

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    • $3,875,000
      7,514 SF

      Luxury Duplex Near Mexico Beach

      Rent-ready, fully furnished duplex ideal for vacation rentals.
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    • $575,000
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      Coastal Retreat Near Mexico Beach

      Professionally decorated, fully furnished coastal retreat near the beach.
      101 S 42Nd St, Mexico Beach, FL 32456
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near the beach with potential gulf views.
    Where is this residential land & home lot located?
    The property is located at 109 N 27Th St Mexico Beach, FL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Gulf view potential from the property.; - Located less than two blocks from the beach.; - Situated on a quiet dead-end street with minimal traffic.
    (229) 220-4750
    Request Owner's contact information
    109 N 27Th St Mexico Beach, FL 32456
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    Mexico Beach, FL 32456
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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
    109 N 27Th St Mexico Beach, FL 32456
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    We can help!
    Listing Contact
    Regina Gossett
    Real Estate License ID: 3032460
    (229) 220-4750 (850) 648-2200
    Learn more
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