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

    3034 Jefferson St Marianna, FL 32446

    Sponsored
    For Sale
    Under Contract
    $4,999,000

    COMMERCIAL - Marianna, FL

    Property size:
    51,814 SF
    Lot size:
    4.43 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 25 at 2:06 pm

    Property Features for 3034 Jefferson St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bathroom 41, Bathroom 38, Bathroom 58, Bathroom 28, Bathroom 64, Bathroom 17, Bathroom 39, Bathroom 44, Bathroom 31, Bathroom 33, Bathroom 2, Bathroom 73, Bathroom 48, Bathroom 19, Bathroom 9, Bathroom 43, Bathroom 57, Bathroom 49, Bathroom 11, Bathroom 56, Bathroom 78, Bathroom 61, Bathroom 1, Bathroom 16, Bathroom 51, Bathroom 76, Bathroom 46, Bathroom 7, Bathroom 13, Bathroom 55, Bathroom 3, Bathroom 81, Bathroom 25, Bathroom 24, Bathroom 30, Bathroom 4, Bathroom 82, Bathroom 37, Bathroom 80, Bathroom 63, Bathroom 45, Bathroom 18, Bathroom 29, Bathroom 75, Bathroom 20, Bathroom 21, Bathroom 47, Bathroom 74, Bathroom 6, Bathroom 50, Bathroom 67, Bathroom 69, Bathroom 53, Bathroom 65, Bathroom 79, Bathroom 5, Bathroom 77, Bathroom 54, Bathroom 36, Bathroom 68, Bathroom 59, Bathroom 12, Bathroom 26, Bathroom 72, Bathroom 71, Bathroom 27, Bathroom 22, Bathroom 62, Bathroom 83, Bathroom 8, Bathroom 66, Bathroom 15, Bathroom 70, Bathroom 10, Bathroom 60, Bathroom 34, Bathroom 23, Bathroom 14, Bathroom 40, Bathroom 42, Bathroom 35, Bathroom 84, Bathroom 32, Bathroom 52
    Bathrooms
    84
    APN
    34-5n-10-0437-0000-0080
    Parking features
    Parking Lot
    Size
    51,814 SF
    Lot size
    4.43 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2000
    Number of units
    44
    Building materials
    Brick, Frame, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jeffrey Karl Porter
    Jeffrey Karl Porter

    Denovo Realty (321) 237-1887

    Listing agent Jeffrey Karl Porter (321) 237-1887

    Listing date Jan 16, 2026

    MLS# 1054166

    Copyright © 2026 Space Coast 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

    Marianna Multifamily Investment Opportunity

    The Grove is a 100% occupied, 44-unit apartment community. The property delivers strong in-place cash flow, immediate upside through a light value-add program, and long-term development optionality. Units lease in approximately one week, underscoring the depth of rental demand in this market. The property is priced at $4.99M. The in-place NOI is $383,133, with a 7.66% takeover cap rate and an 8.56% year-one cap rate. The current owner has already demonstrated rent growth on-site, providing clear proof of concept for the next phase of upside. The property size is 51814 square feet and the lot size is 4.43 acres. The property is located in Marianna, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.225295
    Latitude
    30.78655

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    FAQs

    What type of property is this?
    Apartment building - Stabilized, 100% occupied 44-unit apartment community with upside potential.
    Where is this apartment building located?
    The property is located at 3034 Jefferson St Marianna, FL.
    What is the asking price?
    The asking price for this property is $4,999,000.
    What are key features of this property?
    This property features: - Significantly reduced price to $4.99M, a compelling multifamily investment.; - Strong in-place cash flow with a 7.66% takeover cap rate and 8.56% Year-One Cap Rate.; - 100% occupied, 44-unit apartment community demonstrating high rental demand.
    (321) 213-2263
    Request Owner's contact information
    3034 Jefferson St Marianna, FL 32446
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    Marianna, FL 32446
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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
    3034 Jefferson St Marianna, FL 32446
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    We can help!
    Listing Contact
    Jeffrey Karl Porter
    Jeffrey Karl Porter
    Real Estate License ID: 3417552
    (321) 213-2263
    Learn more
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