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

    1855 Noleka Ct Navarre, FL 32566

    Sponsored
    For Sale
    $375,000

    Residential Lots - Navarre, FL

    Lot size:
    0.19 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 19 at 2:06 am

    Property Features for 1855 Noleka Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    222S260425000000300
    Lot size
    0.19 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Peggy Braun

    Berkshire Hathaway HomeServices PenFed Realty (850) 932-6278 [email protected]

    Listing agent Peggy Braun (850) 932-6278

    Listing date Jan 16, 2026

    MLS# 676226 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Lot on Santa Rosa Sound

    This 0.193-acre waterfront lot offers an opportunity to design and build a coastal retreat with views of the Santa Rosa Sound. The property is located steps from the neighborhood community boat launch, providing access to the Sound for boating, paddleboarding, and fishing. A buffer to the east adds to the serene setting. Underground utilities are in place. Navarre Beach is located approximately 7 minutes away, while Hurlburt Field is approximately 12 minutes away, and Eglin Air Force Base is about 30 minutes away. The property is located in Navarre, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.837101
    Latitude
    30.404378

    Nearby Similar for Sale

    • New
      $690,000
      4,074 SF

      Income-Producing Fourplex Near Emerald Coast

      Fourplex near beaches with one 3BR unit and three 2BR units.
      6904 Sea Turtle Cir, Navarre, FL 32566
      View Details
    • $532,900

      Renovated Duplex with New Roof

      Turnkey Navarre duplex with new roof and investment potential.
      8524 Laredo St, Navarre, FL 32566
      View Details
    • $525,000

      Renovated Duplex Near Navarre Beach

      Renovated duplex suitable for short-term or long-term rental.
      7447 Harvest Village Ct, Navarre, FL 32566
      View Details
    • $750,000
      0.07 Acres

      Navarre Office Building For Sale

      Office building in a great Navarre location with brick exterior.
      2053 Fountain Professional Ct, Navarre, FL 32566
      View Details
    • $3,500,000
      0.98 Acres

      Navarre Beach Commercial Opportunity

      Prime commercial location suitable for restaurant, lounge, or retail.
      Gulf Boulevard Ct, Navarre, FL 32566
      View Details
    • $2,387,453
      5,626 SF

      Navarre Parkway Retail Investment Opportunity

      Retail property with long-term lease and high visibility.
      6863 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $825,000
      1,497 SF

      Beach Colony West Condo

      Furnished 2-bedroom condo with water views and resort amenities.
      8501 Gulf Blvd, Navarre, FL 32566
      View Details
    • $879,900

      Gulf Front Condo with Views

      Updated corner condo with beach views and rental potential.
      8575 Gulf Blvd, Navarre, FL 32566
      View Details
    • $490,000

      Renovated Navarre Beach Townhome

      Renovated 2-bedroom townhome steps from the beach. Short-term rental allowed.
      1405 Tina Dr E, Navarre, FL 32566
      View Details
    • $799,000

      Renovated Navarre Beach Townhome

      Renovated, furnished townhome with Gulf and Sound views.
      8520 Gulf Blvd, Navarre, FL 32566
      View Details
    • $310,000

      East Navarre Townhome with Amenities

      Well-maintained townhome near Navarre Beach and Hurlburt Field.
      8811 Brown Pelican Cir, Navarre, FL 32566
      View Details
    • $1,500,000
      7,500 SF

      Highway 87 Commercial Property

      7,500 SF commercial property on Highway 87 for sale.
      2495 Highway 87, Navarre, FL 32566
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Exceptional waterfront lot to build your dream coastal retreat.
    Where is this residential land & home lot located?
    The property is located at 1855 Noleka Ct Navarre, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 50-foot wide waterfront lot on the Santa Rosa Sound.; - Direct access to the Sound for boating, paddleboarding, and fishing via community boat launch.; - Close proximity to Navarre Beach (7 minutes).
    (850) 932-6278
    Request Owner's contact information
    1855 Noleka Ct Navarre, FL 32566
    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.
    1855 Noleka Ct
    Navarre, FL 32566
    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
    1855 Noleka Ct Navarre, FL 32566
    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
    Peggy Braun
    (850) 932-6278
    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.