Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Laurel Hill Land For Sale Title is generated by Realmo AI

    3915 3rd Avenue, Laurel Hill, FL 32567

    View on Map
    Claim this Listing
    For Sale
    $1,274,200

    LAND - Laurel Hill, FL

    Lot size:
    107.22 Acres
    Added:
    Aug 25, 2023
    Days on Market:
    997
    Last Refresh:
    May 17 at 6:06 pm

    Property Features for 3915 3rd Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture
    Standard status
    Active
    APN
    32-6N-22-0000-0018-0000
    Lot size
    107.22 Acres

    Taxes and HOA fees

    Tax Description
    SE1/4 EXCEPT A TRIANGULAR IN SW COR SW1/4 OF SE1/4 EX 11/4 ACRES S OF RR & EX RR R/W LESS COM NW COR OF SE1/4 E 106.58FT TO E R/W STOKES RD & POB THC S 10 DEG W 108.95FT S 5 DEG W 97.98FT S 3 DEG W 102.34FT S 5 DEG W 76.94FT S 10 DEG W 123.22FT S 12 DEG W 96.98FT S 7 DEG W 108.63FT E 1282.72FT N 688.53FT THC W 1213.12FT TO POB

    We can help!

    Listing Contact
    Rachel L Russell
    Rachel L Russell

    Listing agent Rachel L Russell License #3443635

    Listing office Coldwell Banker Realty Attention: Accounting 4475 Bayou Blvd, Pensacola, FL

    Listing date Aug 25, 2023

    MLS# 950607 Listing URL

    Copyright © 2026 Emerald 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.

    HighLights

    • Fenced property suitable for livestock.
    • Road frontage on 85.
    • Road frontage on 3rd Avenue.
    • Road frontage on Thomas Road.
    • Property location: [-86.45929,30.97025].

    Overview

    This property, located in Laurel Hill, Florida, consists of 107.22 acres of land zoned for agriculture. The land is fenced and suitable for livestock. It features road frontage on 85, 3rd Avenue, and Thomas Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Department Store Food Market Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurel Hill
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.459289
    Latitude
    30.970249

    Nearby Similar for Sale

    • $2,399,000

      226 Acre Country Estate

      Country estate with open fields, barns, ponds, and remodeled home.
      405 Walden Lane, Laurel Hill, FL 32567
      View Details
    • $736,000

      Picturesque Family Farm in Laurel Hill

      64-acre farm with pond, branch, and pasture in North Walton.
      1716 Hub Presley Road, Laurel Hill, FL 32567
      View Details
    • $2,359,500

      363 Acres Timber & Recreational

      363-acre timber and recreational tract with merchantable timber and pond.
      363 Acres FL-85, Laurel Hill, FL 32567
      View Details
    • $2,499,000

      Turnkey Cattle Ranch in Florida

      261.6-acre cattle ranch in Laurel Hill, Florida, near Destin.
      261.6 ac Millside Road, Laurel Hill, FL 32567
      View Details
    • $1,400,000

      LAND - Laurel Hill, FL

      81 Acres Show Horse Way, Laurel Hill, FL 32567
      View Details

    FAQs

    What type of property is this?
    Ranch - 107.22 acre fenced land parcel in Laurel Hill, Florida.
    Where is this ranch located?
    The property is located at 3915 3rd Avenue Laurel Hill, FL.
    What is the asking price?
    The asking price for this property is $1,274,200.
    What are key features of this property?
    This property features: Fenced property suitable for livestock.; Road frontage on 85.; Road frontage on 3rd Avenue.
    (850) 603-7330
    We can help!
    Listing Contact
    Rachel L Russell
    Rachel L Russell
    Real Estate License ID: 3443635
    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

    Thank You for Inquiry
    3915 3rd Avenue, Laurel Hill, FL 32567
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!