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

    N Chance Rd Chipley, FL 32428

    View on Map
    Sponsored
    For Sale
    $107,752

    LAND - Chipley, FL

    Lot size:
    25.91 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 22 at 12:06 am

    Property Features for N Chance Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture
    APN
    00000000-00-3865-0000
    Lot size
    25.91 Acres

    We can help!

    Listing Contact
    Your House Team

    RE/MAX Agency One, Inc.

    Listing agent Your House Team

    Listing date Mar 3, 2026

    MLS# 983480

    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

    Prime Land in Chipley, FL

    This 25.91-acre property is located on N Chance Road, approximately half a mile from Highway 90 and 5 miles from Chipley, Florida. The land is accessible via a dirt road. The property is zoned for agriculture and offers potential for country living or as a hunting paradise. It provides easy access to I-10, Highway 90, and Highway 77. The location may be suitable for building, hunting, horses, and ATVs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.602521
    Latitude
    30.77079

    Nearby Similar for Sale

    • $475,000
      2,682 SF

      Established Restaurant with Multiple Income

      Family-owned restaurant with diverse income streams on Highway 77.
      5163 Highway 77, Chipley, FL 32428
      View Details
    • New
      $1,500,000
      19,200 SF

      Multi-Family Park in Chipley, FL

      Multi-family park with remodeled units on 32 acres.
      901 Prissy Ln, Chipley, FL 32428
      View Details
    • $3,200,000

      Established Gas Station For Sale

      Gas station with convenience store in high-traffic location.
      1699 Main St, Chipley, FL 32428
      View Details
    • $1,575,000
      10,658 SF

      Chipley Multifamily Investment Opportunity

      Well-maintained 16-unit apartment community with recent capital improvements.
      872 Deer Wood Ln, Chipley, FL 32428
      View Details
    • $698,000

      Versatile Building on Ten Acres

      Expansive building suitable for church, school, or specialty use.
      4135 Pine Log Rd, Chipley, FL 32428
      View Details
    • $1,595,000

      Mobile Home Park on 32 Acres

      Mobile home park with 17 park-owned units on 32 acres.
      901 Prissy Ln, Chipley, FL 32428
      View Details
    • $1,575,000

      Chipley Multifamily Investment Opportunity

      Well-maintained 16-unit apartment community in Chipley, Florida.
      872 Deer Wood Ln, Chipley, FL 32428
      View Details
    • $1,499,999
      52,240 SF

      Spacious Industrial Complex for Sale

      Large industrial complex featuring multiple buildings on 4.1 acres.
      963 Industrial Dr, Chipley, FL 32428
      View Details
    • Contact for pricing
      7,003 SF

      Updated Burger King For Sale

      Burger King with new master lease in tax-free Florida.
      1698 Main St, Chipley, FL 32428
      View Details
    • $367,500

      Washington County Multifamily Property

      Multifamily property located in Washington County, Florida.
      842 Rattlebox Rd, Chipley, FL 32428
      View Details
    • $449,999
      1,248 SF

      Retail/Office Space on Hwy 77

      High-visibility location with highway frontage suitable for retail or office.
      1213 Main St, Chipley, FL 32428
      View Details
    • $749,999
      1,530 SF

      Chipley Office Building - Main Street

      High-visibility office, 1,530 sq ft, prime location.
      1259 Main St, Chipley, FL 32428
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 25.91 acres of land near I-10 and Hwy 90.
    Where is this agricultural land / farmland located?
    The property is located at N Chance Rd Chipley, FL.
    What is the asking price?
    The asking price for this property is $107,752.
    What are key features of this property?
    This property features: - Prime land suitable for country living or hunting; - Conveniently located near I-10, Hwy 90, and Hwy 77; - Close proximity to Chipley (5 miles)
    (850) 398-8898
    Request Owner's contact information
    N Chance Rd Chipley, FL 32428
    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.
    N Chance Rd
    Chipley, FL 32428
    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
    N Chance Rd Chipley, FL 32428
    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
    Your House Team
    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!