Add Listing
    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

    1501 Silver Ridge Dr Cantonment, FL 32533

    View on Map
    Claim this Listing
    For Sale
    $32,500

    LAND - Cantonment, FL

    Lot size:
    2.26 Acres
    Added:
    Apr 8, 2025
    Days on Market:
    383
    Last Refresh:
    Apr 25 at 1:06 am

    Property Features for 1501 Silver Ridge Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    171N314100020001
    Lot size
    2.26 Acres

    Taxes and HOA fees

    Tax Description
    Lt 20 Blk A Silver Ridge Pb 13 P 67 Or 8855 P 170 Also Vacated Plat 1 Ft Non-Access Esmt Res 2022-38

    Utilities

    Water front features
    Waterfront

    We can help!

    Listing Contact
    Tabitha Thompson

    Listing agent Tabitha Thompson

    Listing office MITCHELL RESIDENTIAL 3298 Summit Blvd Ste 18, PENSACOLA, FL

    Listing date Apr 8, 2025

    MLS# 662146 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

    Cantonment Land For Dream Home

    This unique 2.23-acre property in Cantonment, Florida, is ready for a dream home. The land features mature pines, oaks, and various native plants. The front of the property allows for a driveway and home off Highway 97 frontage, while the back adjoins a cul-de-sac, providing a natural buffer. There is .30 acres of buildable area. A wetland survey is available. Natural gas access is available from the Highway 97 frontage. The location offers an easy drive to shopping, the Interstate, and Gulf beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.352581
    Latitude
    30.599562

    Nearby Similar for Sale

    • $567,000

      Income-Producing Cantonment Fourplex

      Fourplex with strong rental appeal and consistent cash flow.
      130 E 9 Mile Rd, Cantonment, FL 32534
      View Details
    • $250,000

      Secluded Cantonment Land Parcel

      5.268-acre agricultural land with "Right to Farm" protections.
      1756 Jacks Branch Rd, Cantonment, FL 32533
      View Details
    • $185,000

      Cantonment Mixed-Use Development Land

      2.11-acre mixed-use development site in Cantonment, Florida.
      1800 Hwy 297 A, Cantonment, FL 32533
      View Details
    • $3,500,000

      Cantonment Commercial Land For Sale

      1.06 acre commercial land suitable for various business uses.
      9520 Pinecone Dr, Cantonment, FL 32533
      View Details
    • $459,900

      Cantonment, FL 10-Acre Land

      10-acre property with road frontage, suitable for residential/commercial development.
      3400 N Hwy 29, Cantonment, FL 32533
      View Details
    • $8,000,000

      Waterfront Land - Legacy Development

      420-acre waterfront tract ideal for estate or recreational development.
      2020 Becks Lake Rd, Cantonment, FL 32533
      View Details
    • $6,900,000

      Residential Development Land in Cantonment

      189+/- acre residential development site in Cantonment, Florida.
      800 Mckenzie Rd, Cantonment, FL 32533
      View Details
    • $679,900

      Cantonment Land with Stocked Lake

      Nearly 32 acres with stocked lake ready for your dream home.
      1861 Booth Lake Rd, Cantonment, FL 32533
      View Details
    • $900,000
      2,520 SF

      Cantonment C-Store Retail Opportunity

      2,520 sq ft C-store on 0.34-acre lot for sale.
      10 WILLIAMS DITCH ROAD, CANTONMENT, FL 32533
      View Details
    • $99,900

      Cantonment, FL Vacant Land Parcel

      Vacant land parcel in Cantonment, Florida, ideal for investment.
      304 S Chipper Rd, Cantonment, FL 32533
      View Details
    • $99,000

      Improved Lot in Cantonment, FL

      Build-ready lot with utilities, driveway, and scenic stream view.
      3200 E Chipper Rd, Cantonment, FL 32533
      View Details
    • $381,676

      Cantonment Acreage: Build Your Legacy

      19 acres in Cantonment, FL, ideal for homesteading or development.
      1100 Williams Ditch Rd, Cantonment, FL 32533
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.23 acre property with mature trees, ready for building.
    Where is this residential land & home lot located?
    The property is located at 1501 Silver Ridge Dr Cantonment, FL.
    What is the asking price?
    The asking price for this property is $32,500.
    What are key features of this property?
    This property features: Large 2.23 acre property with mature trees and native plants.; Buildable area of .30 acres.; Backs up to a cul‑de‑sac, providing a natural buffer.
    225 850-433-6400
    We can help!
    Listing Contact
    Tabitha Thompson
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!