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

    Gardenia Drive lot 8 Marianna, FL 32448

    View on Map
    For Sale
    Contact for pricing

    LAND - Marianna, FL

    Lot size:
    1.25 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    162
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for Gardenia Drive lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Mobile Home, Resid Single
    Standard status
    Active
    APN
    02-2N-11-0084-0720-0080
    Lot size
    1.25 Acres

    Taxes and HOA fees

    TaxDescription
    LOT 8 BLK 72 COMPASS LAKE HILLS UNIT 3 BEING IN 01-2N-11 OR 391 P 360..OR 465 P 497 OR 1548 P 712

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Tina N Marsh

    Listing agent Tina N Marsh License #3485020

    Listing office Keller Williams Realty FWB 11 Racetrack Rd NE #A, Destin, FL

    Listing date Oct 22, 2025

    MLS# 988036

    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.

    Overview

    Marianna, FL Acreage Lot

    This 1.248-acre lot is located in Compass Lake in the Hills. A voluntary HOA offers access to amenities for $135 annually. These amenities include access to two lakes for fishing, tennis courts, horse stables and riding areas, rental cabins, RV spots, boat rentals, a clubhouse, and a golf range. The all-sports lake allows for water skiing, tubing, jet skiing, boating, sailing, kayaking, and swimming. A boat-accessible shoreline restaurant is available. Situated halfway between Panama City and Dothan, this location is suitable for nature enthusiasts seeking proximity to the beach. Additional parcels are available in Compass Lakes, with the option to purchase them individually or as a package. Lots 7 & 8 in this area can be sold for larger parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.2357
    Latitude
    30.7734

    Nearby Similar for Sale

    • $325,000
      5,119 SF

      Medical Office Space For Sale

      Medical office space in Marianna's medical community, near Jackson Hospital.
      4290,4 & 6 5th Avenue, Marianna, FL 32446
      View Details
    • $2,145,000
      10,900 SF

      Marianna, FL Medical Building

      Two-story medical building in Marianna's retail corridor.
      4357 Lafayette St, Marianna, FL 32446
      View Details
    • $850,000
      3,200 SF

      Profitable Automotive Business Opportunity

      Two established businesses with property, equipment, and ongoing clientele.
      2900 Borden, Marianna, FL 32448
      View Details
    • $99,000
      1,604 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4290 5th Avenue, Marianna, FL 32446
      View Details
    • $125,000
      1,750 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4294 5th Avenue, Marianna, FL 32446
      View Details
    • $150,000
      1,965 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4296 5th Avenue, Marianna, FL 32446
      View Details
    • $25,000

      Land in Marianna, Florida

      1.04 acre lot, ideal for investment or building.
      Lilac Court, Marianna, FL 32448
      View Details
    • $48,999

      7.5 Acres Wooded Land

      Vacant lot in a desirable neighborhood near city amenities.
      5693 BLOCKER ROAD, MARIANNA, FL 32446
      View Details
    • $44,900

      Golf Course Front Lot

      0.88 acre wooded lot fronting Magnolia Oaks Golf Course.
      Oak Drive lot: 22, Marianna, FL 32446
      View Details
    • $49,900

      Marianna, FL Building Lot

      0.7 acre building lot with pole barn and electricity.
      4101 Park Place Road, Marianna, FL 32446
      View Details
    • $29,500

      Corner Lot in Compass Lake

      1.76 acre corner lot with access to many amenities.
      Dorcas Road lot: 17, Marianna, FL 32448
      View Details
    • $505,000

      101 Acres of Recreational Land

      101 acre parcel with barn, ponds, and shooting range.
      Hasty Pond Road, Marianna, FL 32448
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.248 acre lot with access to Compass Lake amenities.
    Where is this residential land & home lot located?
    The property is located at Gardenia Drive lot 8 Marianna, 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: Large 1.248 acre lot.; Access to two lakes for fishing and all‑sports activities including water skiing and boating.; Voluntary HOA with access to amenities like tennis, horse stables, and a golf range.
    (850) 974-5016
    We can help!
    Listing Contact
    Tina N Marsh
    Real Estate License ID: 3485020
    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!