Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Land Ready to Build Title is generated by Realmo AI

    1 Shell Road, Jay, FL 32565

    View on Map
    Claim this Listing
    For Sale
    $193,200

    Land - Jay, FL

    Lot size:
    13.80 Acres
    Added:
    Jun 20, 2025
    Days on Market:
    346
    Last Refresh:
    May 31 at 3:06 am

    Property Features for 1 Shell Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Other-See Remarks,Outside Corp Limits,Single Family Residence
    Standard status
    Active
    APN
    205N290000036000000
    Lot size
    13.80 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Patty Helton Davis
    Patty Helton Davis

    Listing agent Patty Helton Davis License #61477

    Listing office PHD Realty, LLC 1812 South Main Street, Atmore, FL

    Listing date Jun 20, 2025

    MLS# 381039 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 13.8+\/- acre cleared and level lot, ready for building.
    • Private setting tucked off the road with a 60 ft right of way.
    • Conveniently located less than 5 minutes from the Town of Jay.
    • Potential for custom home, small farm, or quiet retreat.
    • Easy commute to Pace and 45 minutes to Gulf Coast beaches.
    • Located in rapidly growing Santa Rosa County known for outdoor recreation.

    Overview

    Located in Jay, Florida, this 13.8+/- acre parcel of land is cleared, level, and ready for construction. Tucked off the road with a 60 ft right of way on Shell Rd, the property is suited for a custom home with a long, private driveway. The location offers peaceful surroundings and wide-open space. The land provides flexibility for various uses, including a small farm or quiet retreat. Some utilities are nearby, with the buyer responsible for verifying connection and any applicable fees. Situated less than 5 minutes from the Town of Jay, the property allows for an easy commute to Pace and is 45 minutes from the Gulf Coast beaches. Santa Rosa County is known for its scenic lakes, rivers, and outdoor recreation opportunities, including fishing, hunting, hiking, and boating. The property is located outside corporate limits and zoned for single family residence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jay
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.194225
    Latitude
    30.947089

    Nearby Similar for Sale

    • $450,000
      4,000 SF

      Spacious Building on 6 Acres

      4,000 SF building on 6 acres in Jay, Florida.
      2828 Harvest Rd, Jay, FL 32565
      View Details
    • $150,000

      5-Acre Land Parcel in Jay, FL

      5-acre parcel ideal for farm, homestead, or private retreat.
      Dunsford Rd, Jay, FL 32565
      View Details
    • $450,000
      4,000 SF

      Versatile Building on Peaceful Acres

      4,000 sq ft building on 6 acres in Jay, Florida.
      2828 Harvest Road, Jay, FL 32565
      View Details
    • $49,900

      Land Parcel in Rural Setting

      3.3+/- acre parcel with potential for various uses.
      St. Hwy 4 Beck Avenue lot: 2, Jay, FL 32565
      View Details
    • $199,900

      13 Acres in Jay, FL

      13 acres suitable for residential or commercial development in Jay.
      13 acres Hwy 4, Jay, FL 32565
      View Details
    • $105,000

      5-Acre Wooded Property in Jay

      5-acre wooded property with cleared area near Escambia River.
      Mineral Springs Rd, Jay, FL 32565
      View Details
    • $215,000

      11.98 Acres in Jay, FL

      Two parcels totaling 11.98 acres in a peaceful countryside setting.
      Mineral Springs Rd, Jay, FL 32565
      View Details
    • $149,000

      Vacant Land in Jay, Florida

      3.65 acres of pristine land, perfect for custom build.
      Chumuckla Hwy, Jay, FL 32565
      View Details
    • $377,700

      Expansive Land Parcel in Jay, FL

      22.09 acres of land offering privacy and potential.
      Harvest Rd, Jay, FL 32565
      View Details
    • $514,900

      34.85 Acres in Jay, FL

      34.85-acre property with wooded and cleared land, ready to build.
      2801 Whistler Ln, Jay, FL 32565
      View Details
    • $3,500,000

      Waterfront Land with RV Potential

      320.545+/- acres with river frontage and RV infrastructure.
      2610 Highway 4, Jay, FL 32565
      View Details
    • $49,900

      Land on State Hwy 4

      3.3 +/- acre parcel with potential for various uses.
      State Hwy 4 lot: 2, Jay, FL 32565
      View Details

    FAQs

    What type of property is this?
    Land - 13.8+/- acres in Jay, FL, ideal for custom home.
    Where is this land located?
    The property is located at 1 Shell Road Jay, FL.
    What is the asking price?
    The asking price for this property is $193,200.
    What are key features of this property?
    This property features: Large 13.8+\/- acre cleared and level lot, ready for building.; Private setting tucked off the road with a 60 ft right of way.; Conveniently located less than 5 minutes from the Town of Jay.
    (251) 294-2057
    We can help!
    Listing Contact
    Patty Helton Davis
    Patty Helton Davis
    Real Estate License ID: 61477
    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
    1 Shell Road, Jay, FL 32565
    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!