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    Naturewalk Dr, Unit 73 Jay, FL 32565

    Sponsored
    For Sale
    $185,000

    LAND - Jay, FL

    Lot size:
    6.08 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 28 at 6:06 pm

    Property Features for Naturewalk Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    203N290000001250000
    Lot size
    6.08 Acres

    Utilities

    Water front features
    Waterfront

    We can help!

    Listing Contact
    Tamara Korec

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

    Listing agent Tamara Korec (850) 485-9205

    Listing date Feb 15, 2026

    MLS# 667232 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

    Overview

    NatureWalk at Pond Creek Land

    Located in NatureWalk at Pond Creek, a land community in Northwest Florida, lot 73 is a 6.08-acre parcel situated on NatureWalk Dr near the bridge crossing leading to the south section of the NatureWalk community. The area features landscaping, including a wooden railing and newly planted trees and plants. The lot is wooded with mature pines and hardwoods and includes a wetland section with hardwood trees at the southeast of the property, serving as a privacy buffer. Launched in 2023, the community is designed around quality family living centered around nature. The community includes curved and paved roads, a distinctive layout, landscape features, common areas, and high-speed internet. The community is situated on 653 acres of land, comprising 100 lots in total, and features homesites ranging from 2 to 15+ acres, including creek-front parcels. As of July 2025, close to 50 out of 100 parcels have been sold. NatureWalk at Pond Creek is located within a short drive of Publix, big-box stores, restaurants, and hospitals. It is centrally located for outdoor enthusiasts, with access to Blackwater River for freshwater fishing and boating, and the Gulf Coast with beaches.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Jay
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.16972761
    Latitude
    30.76273113

    Nearby Similar for Sale

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    • $125,000
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      5.86 acres with 30x80 enclosed barn in Jay, Florida.
      Hall Rd, Jay, FL 32565
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    FAQs

    What type of property is this?
    Land - 6.08-acre parcel in prestigious Northwest Florida land community.
    Where is this land located?
    The property is located at Naturewalk Dr, Unit 73 Jay, FL.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Large 6.08-acre wooded lot in a prestigious, nature-focused community.; - Part of NatureWalk at Pond Creek, a 653-acre community with only 100 lots, ensuring privacy and exclusivity.; - Conveniently located near essential amenities and outdoor recreational areas.
    (850) 485-9205
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    Naturewalk Dr, Unit 73 Jay, FL 32565
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    Jay, FL 32565
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    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
    Naturewalk Dr, Unit 73 Jay, FL 32565
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    We can help!
    Listing Contact
    Tamara Korec
    (850) 485-9205 (850) 471-5000 (619) 920-3342
    Learn more
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