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

    JANICE Drive Callahan, FL 32011

    View on Map
    Pending
    $70,000

    LAND - Callahan, FL

    Lot size:
    1.22 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    42
    Last Refresh:
    Apr 3 at 12:06 am

    Property Features for JANICE Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    371N25296C00780000
    Lot size
    1.22 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    763

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    JENNIE GRIFFIN

    Listing agent JENNIE GRIFFIN License #3408661

    Listing office IRON VALLEY REAL ESTATE NORTH FLORIDA 12443 76000-2 WILLIAM BURGESS BLVD., Yulee, FL

    Listing date Feb 20, 2026

    MLS# 2131097 Listing URL

    Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Callahan Vacant Land Opportunity

    This 1.22-acre vacant lot in Callahan, Florida, presents an opportunity for building with space for a workshop, RV, boat, garden, or outdoor living area. The land is considered buildable, offering flexibility for various development plans. The property is located in Flood Zone A. Interested parties should verify zoning, flood zone requirements, utilities, permitting, setbacks, and all development feasibility during due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Callahan
    County
    Nassau
    State
    Florida
    Longitude
    -81.770007
    Latitude
    30.519041

    Nearby Similar for Sale

    • $338,000
      2,568 SF

      Callahan Commercial Property For Sale

      Commercial property in Callahan, Florida, with versatile zoning.
      617341 BRANDIES Avenue, Callahan, FL 32011
      View Details
    • $3,300,000
      2,750 SF

      Established Sandwich Shop with Drive-Thru

      High-volume sandwich shop with drive-thru on 1.48 acres.
      542104 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $169,900

      Callahan Acreage with Existing Residence

      2.79 acres in Callahan with potential for renovation or redevelopment.
      54089 HUCKLEBERRY Lane, Callahan, FL 32011
      View Details
    • $2,200,000

      Callahan, FL Commercial Land For Sale

      3.7 acres of commercial land in Callahan, Florida.
      542088 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $110,000

      Callahan, FL Land Opportunity

      2+ acre residential land near Callahan, build your dream home.
      KOREYS Lane, Callahan, FL 32011
      View Details
    • $499,000
      1,512 SF

      3.32 Acres on US Highway 1

      3.32-acre commercial land with highway frontage near Callahan, Florida.
      541641 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $267,900

      Callahan, Florida Land For Sale

      5 acres of land in Callahan, Florida, for sale.
      STATE ROAD 200, Callahan, FL 32011
      View Details
    • $1,650,000
      10,200 SF

      Mixed-Use Property in Callahan, Florida

      Two-building mixed-use property offering versatile business opportunities.
      43694 RATLIFF Road, Callahan, FL 32011
      View Details
    • $500,000
      3,306 SF

      Callahan Commercial Property For Sale

      Commercial property with great potential in Callahan city limits.
      542464 US HIGHWAY 1, Callahan, FL 32011
      View Details
    • $775,000
      3,500 SF

      Callahan Commercial Property on US-1

      35,092 SF property with office and garage buildings for sale.
      542089 Us Highway 1, Callahan, FL
      View Details
    • $375,000

      Commercial Land in Callahan, FL

      Commercial property on SR 200 with high visibility.
      450129 STATE ROAD 200, Callahan, FL 32011
      View Details
    • $175,000

      Unimproved Land in Callahan, Florida

      13.2+/- acre parcel for residential use in Callahan, Florida.
      451064 OLD DIXIE Highway, Callahan, FL 32011
      View Details

    FAQs

    What type of property is this?
    Land - 1.22-acre vacant lot in Callahan, build your dream.
    Where is this land located?
    The property is located at JANICE Drive Callahan, FL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: 1.22‑acre vacant lot offers ample space and country freedom.; Buildable land with no noted wetlands provides flexibility in design.; Ideal for workshops, RV/boat storage, gardens, or outdoor living spaces.
    (904) 251-4699
    We can help!
    Listing Contact
    JENNIE GRIFFIN
    Real Estate License ID: 3408661
    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!