Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    923 King Street Monticello, FL 32344

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Monticello, FL

    Lot size:
    0.33 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 18 at 11:06 pm

    Property Features for 923 King Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    12065-00-00-00-0250-0000-0180
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Alicia Radtke

    Listing agent Alicia Radtke License #3526228

    Listing office All Realty Services 310 S Jefferson St., Madison, FL

    Listing date Apr 16, 2026

    MLS# 398707 Listing URL

    Copyright © 2026 Tallahassee Board 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

    Cleared Corner Lot in Monticello

    This 0.33-acre cleared corner lot features a concrete slab already in place. City water and sewer connections are available, and electric service is accessible at the road. The property is located just minutes from downtown Monticello, Florida. The property is zoned for commercial real estate and land use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Jefferson
    State
    Florida
    Longitude
    -83.862248
    Latitude
    30.54099

    Nearby Similar for Sale

    • $595,000

      Mixed-Use Building in Historic District

      Two-story mixed-use building with retail and apartment units.
      105 N CHERRY Street unit: Aka 195 E. Dogwood St, Monticello, FL 32344
      View Details
    • $295,000

      Historic Downtown Monticello Retail Opportunity

      Versatile commercial space in historic downtown Monticello, Florida.
      185 E Dogwood Street, Monticello, FL 32344
      View Details
    • $1,000,000

      Monticello Estate with Multiple Dwellings

      15-acre estate near Tallahassee with multiple residences and amenities.
      237 Valley View Court, Monticello, FL 32344
      View Details
    • $462,000

      Monticello Land with Timber Value

      58.46 acres of land with timber value in Monticello.
      1310 Piney Woods Road, Monticello, FL 32344
      View Details
    • $550,000

      7-Unit Residential Complex For Sale

      Well-maintained 7-unit complex near downtown Monticello, Florida.
      535 Hagan Street, Monticello, FL 32344
      View Details
    • $269,000

      Monticello Commercial Opportunity For Sale

      Visible, convenient location suitable for dining, retail, office, or service.
      320 N Cherry Street, Monticello, FL 32344
      View Details
    • $135,000

      Monticello Land with Privacy

      10 acres ideal homesite, wooded, near Monticello.
      576 Cox Road, Monticello, FL 32344
      View Details
    • $349,000

      Commercial Property in Downtown Monticello

      Commercial space for sale in downtown Monticello, Florida.
      280 W Washington Street, Monticello, FL 32344
      View Details
    • $120,000

      Monticello Land Redevelopment Opportunity

      Half-acre lot with mobile home near I-10.
      159 W Notre Dame Street, Monticello, FL 32344
      View Details
    • $45,000

      2.5 Acres Ready to Build

      Partially cleared 2.5-acre homesite near Monticello, Florida.
      1 W meadow Road, Monticello, FL 32344
      View Details
    • $47,000
      1,980 SF

      Mixed-Use Commercial Property, Monticello, FL

      Mixed-use commercial property in a desirable location, Monticello, Florida.
      1235 SAGE STREET, MONTICELLO, FL 32344
      View Details
    • $172,500

      Monticello, FL Lakefront Land

      10 acres of lakefront land in gated rural community.
      Rainey Run, Monticello, FL 32344
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared corner lot ready for development near downtown Monticello.
    Where is this commercial land located?
    The property is located at 923 King Street Monticello, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Cleared corner lot with existing concrete slab.; City water and sewer connections available.; Electric available at the road.
    (850) 556-3696
    We can help!
    Listing Contact
    Alicia Radtke
    Real Estate License ID: 3526228
    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!