Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    27.78 Acres in Milton, FL Title is generated by Realmo AI

    01 Walther Rd, Milton, FL 32570

    View on Map
    Claim this Listing
    For Sale
    $280,000

    LAND - Milton, FL

    Lot size:
    27.78 Acres
    Added:
    May 15, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 01 Walther Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    022N270000008000000
    Lot size
    27.78 Acres

    Taxes and HOA fees

    Tax Description
    SE4 OF SW4 & SE4 OF SECTION 2 TOWNSHP 2 NORTH RANGE 27 WEST LESS 20 AC DES IN OR 2387 PG 1607 (#5.8) & INGRESS/EGRESS ESMNT AS DES AS DES IN OR 2641 PG 667 & A PERPETUAL INGRESS/EGRESS ESMNT AS DES IN OR 2343 PG 1299 ALL DES IN OR 2660 PG 1266 (INCLS #12) LESS OR 2726 PG 1846 (NOW #8.1) LESS OR 2995 PG 306 (NOW #8.2) LESS #8.3 (20.06 ACRES) PER SURVEY PROVIDED IN SEP REQ DTD 2/27/12 & LESS #8.4 & #8.5 PER SURVEY IN SEP REQ DTD 2/12/14 & TOG WITH THE FOLLOWING SELY & SWLY CORN PORTIONS OUT OF #8.1 DES AS: COM SE SEC CORN THN N02 51'07 E ALNG E R/W LI JACKPOT TR 2654.31 FT THN N88 37'29W 70 FT TO W R/W LI JACKPOT TR THN S02 51'07W 2560.10 FT TO POB THN CONT 24.24 FT TO N R/W LI OF JACKPOT CT THN N88 55'32W 24.24 FT TO CUSP OF A CURVE CONCV NWLY (R=25 FT CHB=N46 57 '47E) THN ALNG CURV 38.49 FT TO POB (124.72 SF) & COM SE SEC CORN THN N02 51'07E ALNG E R/W JACKPOT TR 2654.31 FT THN N88 37'29W 70 FT TO W R/W OF JACKPOT TR THN S02 51'07W 2584.34 FT TO I/S OF W R/W LI OF JACKPOT TR & N R/W LI OF JACKPOT CT THN N88 55'32W ALG N R/W LI 1314.16 FT TO POB THN CONT 25.80 FT TO E R/W LI OF WINNERS WAY THN N02 52'57E ALNG E R/W LI 25.80 FT TO CUSP OF A CURVE CONCV NELY (R=25 FT CHB=S43 01'17E) THN ALNG CURV 40.06 FT TO POB (144.31 SF) AS DES IN 2ND & 3RD PART OF LEGL DESC IN OR 3290 PG 1899 (OUT OF #8.1) & LESS PORT DESC IN OR 3453 PG 1141 (FOR #8.7) & LESS PORT DES IN OR 3972 PG 5 (NOW PART OF #8.3 FOR 2021) AS DES IN 4220 PG 802 (PR)

    We can help!

    Listing Contact
    David Milstead
    David Milstead

    Listing agent David Milstead License #10079

    Listing office Bellator Real Estate LLC 29891 Woodrow Lane, Ste 200, DAPHNE, FL

    Listing date May 15, 2026

    MLS# 682631 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

    This is an approximately 27.78-acre parcel located in Milton, Florida. The property is situated in a wooded area, offering a quiet and peaceful environment. It is suitable for hunting, farming, or creating a private homestead. The location provides convenient access to Munson Highway and is a short drive from shopping, dining, and local amenities. The area is known for its abundant wildlife.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.927509
    Latitude
    30.701645

    Nearby Similar for Sale

    • $249,000
      3,000 SF

      Waterfront Land Ready For Building

      0.45-acre waterfront double lot with utilities in place.
      5056 San Miguel St, Milton, FL 32583
      View Details
    • $259,000

      Milton, FL Land For Sale

      0.918 acre lot with redevelopment potential near Avalon Blvd.
      5901 Carroll Rd, Milton, FL 32583
      View Details
    • $179,000

      Milton Land with Redevelopment Potential

      Land for sale in Milton, Florida, with redevelopment potential.
      5907 Carroll Rd, Milton, FL 32583
      View Details
    • $250,000

      Land with Avalon Blvd Frontage

      Commercial land with road frontage near new courthouse.
      3981 Avalon Blvd, Milton, FL 32583
      View Details
    • $190,000

      Prime Commercial Land on Avalon

      Highly visible .309-acre parcel on Avalon Blvd near I-10.
      Avalon Blvd lot: Aa, Milton, FL 32583
      View Details
    • $50,000

      Land with Blackwater Bay View

      Half-acre lot with Blackwater Bay view, convenient location.
      Owensville Road, Milton, FL 32583
      View Details
    • $293,000
      1,256 SF

      5.01 Acres with Pecan Trees

      5.01 acres with mature pecan trees and livable home.
      5568 Forest Hills Ln, Milton, FL 32570
      View Details
    • $315,000

      Waterfront Land with Boat House

      Cleared R1M zoned waterfront lot with concrete pad, shed, and a boat house plus on-site launch access.
      7524 Petersen Pt Rd, Milton, FL 32583
      View Details
    • $30,000

      Corner Lot in Growing Area

      Prime corner lot near downtown, schools, shopping, and recreation.
      11th Ave lot: 1, Milton, FL 32583
      View Details
    • $45,000

      Residential Land Near Blackwater Bay

      Land near Blackwater Bay, close to amenities and transportation.
      Austin Drive, Milton, FL 32583
      View Details
    • $1,500,000

      85+ Acres in Milton, Florida

      85.38 acres ideal for private estate or development.
      Pearson Rd, Milton, FL 32583
      View Details
    • $119,500

      Blackwater Bay View Homesite

      Residential lot with bay views in gated community, Milton, Florida.
      1045 Oyster Bay Dr, Milton, FL 32583
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land parcel ideal for hunting, farming, or private homestead.
    Where is this agricultural land / farmland located?
    The property is located at 01 Walther Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $280,000.
    225 251-621-1887
    We can help!
    Listing Contact
    David Milstead
    David Milstead
    Real Estate License ID: 10079
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    01 Walther Rd, Milton, FL 32570
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!