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

    4716 Canary Way Crestview, FL 32539

    Sponsored
    For Sale
    $47,000

    LAND - Crestview, FL

    Lot size:
    0.24 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 19 at 12:06 am

    Property Features for 4716 Canary Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture, Mobile Home,
    APN
    24-3N-22-2550-0011-0200
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Dorothy Krupa

    Krupa & Associate Real Estate LLC (850) 737-6413 [email protected]

    Listing agent Dorothy J Krupa (850) 737-6413 License #3368808

    Listing date Jan 1, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Crestview Cleared Lot For Sale

    This 0.24-acre cleared lot is located in the Crestview area. The rectangular parcel, measuring approximately 80 x 128 feet, is zoned Agriculture, Residential Single Family, and Mobile Home, providing flexibility for site-built or manufactured housing. Electric and public water are available at the road. The property is located in Flood Zone X. It offers convenient access to Crestview, Niceville, and Eglin Air Force Base. Electric service is provided through Chelco Electric Company, and water service is available through Auburn Water. This lot is suitable for building a dream home or placing a manufactured home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Clothing Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.395832
    Latitude
    30.746022

    Nearby Similar for Sale

    • $495,000
      2,996 SF

      Renovated Triplex in Crestview, FL

      Fully renovated triplex with strong rental income potential.
      119-123 Hampton Dr, Crestview, FL 32539
      View Details
    • $400,000
      1,500 SF

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $335,000
      1,500 SF

      Versatile Commercial Property with Expansion Potential

      Retail/office space with ample room for parking or storage.
      2785 Goodwin Ave, Crestview, FL 32539
      View Details
    • $285,000
      2,694 SF

      Charming Crestview Office with Character

      Converted historic home offering ample commercial space near downtown.
      292 W Oakdale Ave, Crestview, FL 32539
      View Details
    • $219,900

      Reimagined Crestview Home with Upgrades

      Completely rebuilt 4-bedroom, 2-bath residence in Crestview, Florida.
      4608 Falcon Way, Crestview, FL 32539
      View Details
    • $695,000
      4,300 SF

      Crestview Net-Leased Industrial Investment

      Net-leased industrial property in Crestview, Florida, ideal for investment.
      101 W Edney Ave, Crestview, FL 32536
      View Details
    • $275,000

      Crestview Triplex Investment Opportunity

      Triplex in Crestview, Florida, with renovation potential.
      198 E 1St Ave, Crestview, FL 32536
      View Details
    • $479,000
      2,400 SF

      Freestanding Restaurant on Ferdon Blvd

      Income-producing restaurant for sale in Crestview, FL, high-traffic location.
      252 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $550,000

      14 Acre Ranchette with Pond

      14-acre ranchette with pond, multiple zoning options, ideal for development.
      2226 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $414,900

      Well-Designed Duplex in Crestview, FL

      Two-story duplex with open concept and modern amenities.
      4407 Marine Loop, Crestview, FL 32539
      View Details
    • $399,900

      Well-Designed Two-Story Duplex

      Two-story duplex with open concept and modern amenities.
      4661 Marine Loop, Crestview, FL 32539
      View Details
    • $399,000

      Mixed-Use Property in Crestview Heart

      Versatile property in a sought-after location with mixed-use zoning.
      696 S Wilson St, Crestview, FL 32536
      View Details

    FAQs

    What type of property is this?
    Land - Cleared 0.24-acre lot ready for building or manufactured home.
    Where is this land located?
    The property is located at 4716 Canary Way Crestview, FL.
    What is the asking price?
    The asking price for this property is $47,000.
    What are key features of this property?
    This property features: - Cleared .24-acre lot ready for building or manufactured home; - Convenient location with easy access to Crestview, Niceville, and Eglin Air Force Base; - Electric and public water available at the road
    (850) 737-6413
    Request Owner's contact information
    4716 Canary Way Crestview, FL 32539
    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.
    4716 Canary Way
    Crestview, FL 32539
    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
    4716 Canary Way Crestview, FL 32539
    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
    Dorothy Krupa
    Real Estate License ID: 3368808
    (850) 737-6413
    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.