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

    Genevieve Way, Unit 25 Crestview, FL 32536

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Crestview, FL

    Lot size:
    1.22 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 17 at 6:06 am

    Property Features for Genevieve Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    County, Resid Single Fami
    APN
    24-4N-24-1201-000B- 0250
    Lot size
    1.22 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Melissa A Haworth

    EXP REALTY LLC (888) 883-8509

    Listing agent Melissa A Haworth (469) 658-2869 License #3481018

    Listing date Mar 16, 2026

    MLS# 998080

    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, FL Vacant Land

    Located in the Nanterre Subdivision in Crestview, FL, Lot 25 is a newly cleared vacant parcel suitable for building a single-family home. The 1.22-acre lot is situated off Lake Silver Road, near Hwy 85, providing convenient access to schools, shopping, and dining. The Yellow River runs through the backyard, offering a natural backdrop. The zoning is County, Resid Single Fami, and current zoning does not permit mobile homes. This property offers a serene residential setting within Crestview's growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.597483
    Latitude
    30.829788

    Nearby Similar for Sale

    • $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
    • $689,900

      Commercial Building with Flexible Suites

      Versatile commercial building with layout options for various business needs.
      1078 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $400,000

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $285,000
      Pending

      Charming Crestview Office with Character

      Converted historic home near Main St. with ample parking.
      292 W Oakdale Ave, Crestview, FL 32536
      View Details
    • $549,900
      Pending

      Automotive Shop in Growing Area

      Automotive mechanic shop with fenced yard in a growing area.
      133 Cayson Ave, Crestview, FL 32536
      View Details
    • $719,500
      3,000 SF

      Medical Office Near Hospital

      Two-story medical office building near North Okaloosa County Medical Center.
      710 Hospital Dr, 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
    • $789,000

      Historic Crestview Building For Sale

      Charming 5,000 SF building in Crestview, zoned C-1.
      196 W Pine Ave, Crestview, FL 32536
      View Details
    • $475,000
      15,246 SF

      Commercial Investment Opportunity

      Corner lot near Crestview High School and upcoming Wal-Mart.
      1202 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $719,500

      Medical Office Building Near Hospital

      Two-story medical office building near North Okaloosa County Medical Center.
      710 Hospital Dr, Crestview, FL 32539
      View Details
    • $1,000,000
      2,711 SF

      Crestview Retail Lots - High Traffic Area

      Prime 1.13-acre retail site, two buildings, high traffic counts.
      582 S ferdon boulevard, Crestview, FL 32536
      View Details
    • $399,000
      6,564 SF

      Crestview Industrial Property

      1,500 SF building, 1.5-acre lot, high-intensity commercial zoning potential.
      2785 Goodwin Ave, Crestview, FL 32539
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant parcel perfect for a dream home in Crestview.
    Where is this residential land & home lot located?
    The property is located at Genevieve Way, Unit 25 Crestview, FL.
    What is the asking price?
    The asking price for this property is $21,500.
    What are key features of this property?
    This property features: - Cleared, vacant lot ready for building; - Desirable Nanterre Subdivision location; - Scenic Yellow River runs through the backyard
    (469) 658-2869
    Request Owner's contact information
    Genevieve Way, Unit 25 Crestview, FL 32536
    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.
    Genevieve Way, Unit 25
    Crestview, FL 32536
    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
    Genevieve Way, Unit 25 Crestview, FL 32536
    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
    Melissa A Haworth
    Real Estate License ID: 3481018
    (469) 658-2869 (888) 883-8509
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!