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    4869 Retta Ln Crestview, FL 32536

    For Sale
    $1,850,000

    30-Acre Commercial Tract, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 30-acre commercial property in Crestview, Florida, presents a remarkable investment opportunity. Currently zoned for mixed use with a 2.0 FAR and a density of 25 units per acre, the property offers significant flexibility for development. A previous feasibility study indicates the potential for a recreational vehicle park with over 140 sites. The property has been successfully annexed into the City of Crestview, and zoning and future land use adjudication has been withheld, allowing a new owner to pursue either mixed-use or commercial development. Opportunities exist for on-site drainage management or land filling to increase density. The location is highly advantageous, boasting easy access to Interstate 10 and proximity to established businesses such as Lowe's, a new Texas Roadhouse restaurant, and other new developments. Further enhancing its appeal, a new paved highway, the Crestview Bypass, is under construction directly to the north, promising improved access. Raspberry Road, directly adjacent to the south, is reportedly slated for future improvements. The property sits within a dense retail corridor, benefiting from a strong presence of national and credit tenants and is situated across from three major shopping centers. This prime location and flexible zoning make this a truly exceptional investment opportunity with significant upside potential. The asking price is $1,850,000.

    Property Features for 4869 Retta Ln

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,306,800 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Hair Salon Clothing Store Gym & Fitness Hotel & Motel Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.58485
    Latitude
    30.72775

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    FAQs

    What type of property is this?
    Commercial real estate - 30-Acre Commercial Tract, Prime Location
    Where is this commercial real estate located?
    The property is located at 4869 Retta Ln Crestview, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    (850) 654-2900
    Request Owner's contact information
    4869 Retta Ln 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
    4869 Retta Ln Crestview, FL 32536
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