Sign Up Successful!
You now have access to more from Realmo!
    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

    Pearson Rd Milton, FL 32583

    Sponsored
    For Sale
    $2,000,000

    LAND - Milton, FL

    Lot size:
    85.38 Acres
    Days on Market:
    311
    Last Refresh:
    Jan 28 at 6:06 pm

    Property Features for Pearson Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R1A
    APN
    22-1S-28-0000-00101-0000
    Lot size
    85.38 Acres

    Utilities

    Water front features
    River Access, River Front
    Water front
    1

    We can help!

    Listing Contact
    Ross Hardy
    Ross Hardy

    RE/MAX Marketing Specialists (352) 686-0540

    Listing agent Ross A Hardy (352) 686-0540 License #SL3163767

    Listing date Mar 24, 2025

    MLS# 2252411

    Copyright © 2025 Hernando County Association of REALTORS®, Inc. 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 Land with River Frontage

    This expansive property, encompassing over 85 acres, features a gently flowing river winding through the back portion of the land. The elevated position of the property provides views over the bay. Towering pine trees contribute to the natural setting and offer an agricultural tax exemption. Zoned for agricultural/rural residential use, the land allows for the development of an estate-style home. The acreage could accommodate multiple homesites while maintaining green space. The property is located approximately 7 miles from Blackwater River State Park, offering access to over 600 acres of forest, hiking trails, and canoeing spots. Downtown Milton is about 10 miles away, and Navarre Beach is roughly 25 miles from the property. The property is located in Milton, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.09228
    Latitude
    30.489108

    Nearby Similar for Sale

    • New
      $475,000

      Modern Duplex Near NAS Whiting

      2022-built duplex with assumable VA loan and investment potential.
      6876/6878 Trailride N, Milton, FL 32570
      View Details
    • $99,700

      Duplex in Prime Milton Location

      Duplex in Milton, FL, ideal for investors and builders.
      7095 Milton Dr, Milton, FL 32583
      View Details
    • $295,000
      19.85 Acres

      Waterfront Acreage in Milton, Florida

      19.85 acres with waterfront access near Pensacola beaches.
      00000 San Raphael Rd, 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
    • $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
    • $265,000
      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
    • $499,000
      2,000 SF

      Commercial Corner with Pet Facility

      Commercial property with existing building and development potential.
      5844 Berryhill Rd, Milton, FL 32570
      View Details
    • $299,900
      1,480 SF

      Highway Frontage Office and Warehouse

      Functional office and warehouse space with highway frontage.
      7513 Highway 90, Milton, FL 32583
      View Details
    • $990,000

      Storage Facility Near Peter Prince Field

      3.35-acre storage facility with versatile units and parking spaces.
      7778 Johnson Rd, Milton, FL 32583
      View Details
    • $364,900

      Community with Pool and Amenities

      Two-story home with community pool, volleyball court, and smart features.
      5900 Pelagic Dr, Milton, FL 32583
      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
    • $1,899,000
      9,840 SF

      Showroom and Warehouse on Highway

      Showroom and warehouse with high visibility and income potential.
      6433 Old Highway 90, Milton, FL 32570
      View Details

    FAQs

    What type of property is this?
    Land - 85+ acre property with river, bay views, and development potential.
    Where is this land located?
    The property is located at Pearson Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Expansive 85+ acre property offering privacy and natural beauty.; - Enjoy gently flowing river frontage ideal for recreation and serene views.; - Breathtaking bay vistas from an elevated position.
    (352) 686-0540
    Request Owner's contact information
    Pearson Rd 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.
    Pearson Rd
    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
    Pearson Rd 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
    Ross Hardy
    Ross Hardy
    Real Estate License ID: 3163767
    (352) 686-0540
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.