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

    Tbd Hwy 77 Chipley, FL 32428

    View on Map
    Sponsored
    For Sale
    $179,900

    Vacant Land - Chipley, FL

    Lot size:
    6.63 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 6 at 8:06 pm

    Property Features for Tbd Hwy 77

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    6.63 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa Simpson Medley

    Xcellence Realty Independent, Inc. (305) 595-7355

    Listing agent Melissa Simpson Medley (305) 595-7355

    Listing date Feb 26, 2026

    MLS# 11663393 Listing URL

    Copyright © 2026 My State MLS. 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

    Chipley Vacant Land For Sale

    This 6.63-acre vacant land parcel in Chipley, Washington County, Florida, offers frontage on Highway 77, directly on Blue Lake. The property features approximately 415 feet of frontage along Highway 77, a primary North-South Corridor with an average annual daily traffic count of 8500. Located directly south of the Chipley interchange on I-10, the site provides regional connectivity east and west across the Florida Panhandle and into Alabama. This location is suited for commercial, service, and convenience-oriented development that benefits from local and pass-through traffic. The vacant land parcel supports a range of potential uses including retail, quick-service or sit-down restaurants, professional or medical offices, automotive or service-related businesses, and mixed-use commercial development. The lot is level, vacant, and development-ready, offering flexibility in site layout and access design. Buyer to verify permitted uses and density.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.55296
    Latitude
    30.740364

    Nearby Similar for Sale

    • $1,595,000
      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
    • $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
    • Contact for pricing
      13,225 SF

      Freestanding CVS in Chipley, Florida

      Freestanding CVS on Main Street in Chipley, Florida for sale.
      1037 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
    • $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
    • $1,499,999
      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
    • $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
    • $449,999
      1,248 SF

      High-Visibility Chipley Office Building

      Prime Hwy 77 location, 1,248 sq ft office.
      1213 Main St, Chipley, FL 32428
      View Details
    • $749,999
      1,530 SF

      High-Visibility Chipley Office Building

      Prime Location, High Traffic, 1,530 sq ft
      1259 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
    • $749,999
      3,629 SF

      High-Visibility Chipley Commercial Property

      Prime 2.7-acre lot, high traffic count.
      1331 Main St, Chipley, FL 32428
      View Details
    • $349,999
      864 SF

      Chipley Commercial Property - High Traffic Area

      3-Acre Commercial Lot w/ Building & Shop
      3831 Highway 77, Chipley, FL 32428
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.63 acre vacant land with highway frontage in Chipley, FL.
    Where is this commercial land located?
    The property is located at Tbd Hwy 77 Chipley, FL.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - 6.63 acres +/- of vacant land with over 415 ft of frontage on Hwy 77.; - High visibility location directly on Hwy 77 with 8500 AADT.; - Immediate access to I-10 interchange for regional connectivity.
    (850) 643-7452
    Request Owner's contact information
    Tbd Hwy 77 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.
    Tbd Hwy 77
    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
    Tbd Hwy 77 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
    Melissa Simpson Medley
    Real Estate License ID: 3492049
    (850) 643-7452 (305) 595-7355
    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!