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    Redstone Ave Crestview, FL 32536

    For Sale
    $680,000

    Prime Commercial Land Near I-10

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 6.8-acre commercial property in Crestview, Florida, presents a unique investment opportunity. Zoned C-1 Commercial, this expansive lot boasts 350 feet of paved road frontage, providing excellent visibility and accessibility. The land gently slopes towards the rear and is currently wooded, offering a blank canvas for development. Its strategic location offers significant advantages. Situated near Crestview's major employers, including Eglin Air Force Base, Duke Field, and the Army Special Forces, the property benefits from a robust and growing workforce. Proximity to the local hospital and Walmart further enhances its appeal. The property is conveniently located near Interstate 10, ensuring easy access to regional transportation networks. The surrounding area has a population of 48,453 within a 5-mile radius, indicating a substantial potential customer base. This property is ideal for a wide range of commercial ventures, from retail and office spaces to light industrial uses. The combination of size, zoning, location, and proximity to key infrastructure makes this a highly desirable and valuable asset. Serious inquiries are encouraged to explore the development potential of this exceptional commercial land parcel. The asking price is $680,000.

    Property Features for Redstone Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    296,208 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.56526
    Latitude
    30.73705

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land Near I-10
    Where is this commercial real estate located?
    The property is located at Redstone Ave Crestview, FL.
    What is the asking price?
    The asking price for this property is $680,000.
    (850) 244-9117
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    Redstone Ave Crestview, FL 32536
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    Realmo Value Estimation

    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.

    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.

    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
    Redstone Ave Crestview, FL 32536
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