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    Wildwood Dr Milton, FL 32570

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    Claim this Listing
    For Sale
    $44,980

    LAND - Milton, FL

    Lot size:
    3.50 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    534
    Last Refresh:
    Apr 30 at 11:06 pm

    Property Features for Wildwood Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    091N280000055140000
    Lot size
    3.50 Acres

    Taxes and HOA fees

    Tax Description
    **NEWLY DESCRIBED FOR 2023*** BEING REMAINDER OF #55 NOT INCLUDED IN OR 4051 PG 1: NW4 OF SE4 & ALL OF LOT 12 & N2 OF SW4 OF SE4 IN SECTION 9 TOWNSHIP 1 NORTH RANGE 28 WEST AS DES IN OR 4052 PGS 26 27 28 29 30 31 & 32 LESS OR 394 PG 480 LESS OR 589 PG 248 FOR RD LESS THAT PART LYING S & E OF POND CREEK AS DES IN OR 514 PG 1 LESS OR 805 PG 287 LESS OR OR 1290 PG 699 LESS OR 1753 PG 2466 LESS OR 1960 PG 45 (#55.1 0) & LESS OR 2305 PG 333 (#55. 11 #55.12 & 55.13) LESS OR 405 1 PG 1 (#55 FOR 2021) & ADDED #55.7 BEING DES AS: COM AT NW CORNER OF NW4 OF SE4 OF SECTION TOWNSHIP 1 NORTH RANGE 28 WEST THN S 1180 FT THN E 1320 FT TO E LN OF NW4 OF SE4 THN N 465 FT TO POB & CONT N 265 FT THN W 311 FT THN S 680 FT TO MISTY LAKE DR THN ELY ALNG RD 70 FT THN N 415 FT THN E 241 FT TO POB AS DES IN OR 3941 PG 2038 (ODH) & IN OR 3947 PG 1776 & IN OR 3947 PG 1777 & IN OR 3950 PGS 876 & 875 & IN OR 3958 PG 1220 (PER COMBO REQ FOR 2021) & LESS OR 4283 PG 511 (#55.15 FOR 2022) (#55.5 & #55.6 REMOVED AND REI NSTATED FOR 2023 PER SEP REQ D TD 1AUG23) & LESS OR 4529 PG 383 (NOW #55.16 FOR 2024)

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Saki Filios

    Listing agent Saki Filios

    Listing office Salter Company 6105 Hwy 90, Milton, FL

    Listing date Nov 12, 2024

    MLS# 655050 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.

    Overview

    Vacant Land in Milton, FL

    This is an opportunity to own a piece of vacant land ready for a future home. The property is located in Milton, Florida, and is conveniently situated near hospitals, dining, and shopping. The listing is for one +/- 3.5 acre parcel. The seller has a total of 3 parcels left.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0558819
    Latitude
    30.6074743

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    FAQs

    What type of property is this?
    Residential land & home lot - 3.5 acres of land near amenities in Milton, Florida.
    Where is this residential land & home lot located?
    The property is located at Wildwood Dr Milton, FL.
    What is the asking price?
    The asking price for this property is $44,980.
    What are key features of this property?
    This property features: Prime 3.5 acre vacant land, ready for your dream build.; Conveniently located near hospitals, dining, and shopping.; Located in Milton.
    (850) 232-5371
    We can help!
    Listing Contact
    Saki Filios
    Learn More
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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
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