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

    Mary Garzon Way Milton, FL 32583

    View on Map
    Sponsored
    For Sale
    $200,000

    LAND - Milton, FL

    Lot size:
    20.00 Acres
    Days on Market:
    35
    Last Refresh:
    Mar 5 at 11:06 pm

    Property Features for Mary Garzon Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    231S280000002000000
    Lot size
    20.00 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Erik Hansen

    Florida Investment Group LLC dba Keller Williams Realty Gulf Coast (850) 471-5000

    Listing agent Erik Hansen (850) 741-1410

    Listing date Jan 30, 2026

    MLS# 676868 Listing URL

    Copyright © 2026 Pensacola 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

    Expansive 20-Acre Vacant Land Parcel

    This expansive 20-acre vacant parcel offers a blend of privacy, scale, and opportunity. The property provides the freedom to design and build without compromise, making it suitable for a custom estate, recreational retreat, or long-term investment. With ample space, the land invites creativity for a custom home, guest quarters, workshops, or agricultural use. This sizable tract offers flexibility for future development while maintaining a sense of seclusion. It is ideal for investors, builders, or buyers seeking room to grow. Located in Milton, Florida, this property is in Santa Rosa County, with postal code 32583.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.08659814
    Latitude
    30.4803289

    Nearby Similar for Sale

    • $260,000
      19.85 Acres

      Waterfront Acreage in Milton, Florida

      19.85 acres with waterfront access near Pensacola beaches.
      San Raphael Rd, Milton, FL 32570
      View Details
    • $475,000

      Modern Duplex Near NAS Whiting

      New construction duplex with assumable VA loan near NAS Whiting.
      6876/6878 Trailride N, Milton, FL 32570
      View Details
    • $649,900
      1,776 SF

      Prime Corner Commercial Property, Milton

      Commercial property with multiple uses, high visibility, and owner financing.
      6705 Berryhill St, Milton, FL 32570
      View Details
    • $99,700

      Duplex in Prime Milton Location

      Duplex for sale, ideal for investors and builders.
      7095 Milton Dr, Milton, FL 32583
      View Details
    • $499,900
      4,600 SF

      Historic Two-Story Office Building

      Charming two-story office building in historic downtown Milton.
      5220 Willing St, Milton, FL 32570
      View Details
    • $1,650,000
      7,184 SF

      Milton Medical Office For Sale

      Turnkey medical office adjacent to Santa Rosa Medical Center.
      5942 Berryhill Medical Park Dr, Milton, FL 32570
      View Details
    • $4,500,000
      26,250 SF

      Retail Plaza in Growing Pace

      Retail plaza with stable income in rapidly growing Pace, Florida.
      4843-4873 W Spencer Field Rd, Milton, FL 32571
      View Details
    • $449,800

      Retail Property in Milton, FL

      Retail property available for sale in Milton, Florida.
      5232 Willing St, Milton, FL 32570
      View Details
    • $225,000
      1,449 SF

      Freestanding Service Shop For Sale

      Service shop with fenced yard on 0.42 acres.
      5421 Stokes Rd, Milton, FL
      View Details
    • $5,100,000
      20,000 SF

      Eco-Friendly Retreat in Milton, Florida

      Eco-tourism destination with diverse accommodations and expansion potential.
      7009 Creek Stone Rd, Milton, FL 32570
      View Details
    • Contact for pricing
      1,800 SF

      Mixed-Use Property in Prime Location

      Versatile mixed-use property suitable for owner-occupancy or investment.
      5770 Stewart St, Milton, FL 32570
      View Details
    • Contact for pricing
      2,000 SF

      Commercial Corner with Pet Facility

      Commercial property with existing building and development potential.
      5844 Berryhill Rd, Milton, FL 32570
      View Details

    FAQs

    What type of property is this?
    Land - 20-acre vacant parcel offers privacy, scale, and opportunity.
    Where is this land located?
    The property is located at Mary Garzon Way Milton, FL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Expansive 20-acre vacant parcel offers privacy and scale.; - Freedom to design and build a custom estate or recreational retreat.; - Ample space for a custom home, guest quarters, workshops, or agricultural use.
    (850) 741-1410
    Request Owner's contact information
    Mary Garzon Way Milton, FL 32583
    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.
    Mary Garzon Way
    Milton, FL 32583
    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
    Mary Garzon Way Milton, FL 32583
    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
    Erik Hansen
    (850) 741-1410 (850) 471-5000 (850) 377-2201
    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!