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    Son-In-Law Rd Bonifay, FL 32425

    For Sale
    $2,150,000

    Six Acres, High-Visibility I-10 Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6-acre commercial property presents a rare opportunity for development along I-10 in Bonifay, Florida. Its strategic location offers unparalleled visibility and accessibility for a wide range of commercial ventures. The zoning, designated as 5.1.j, permits diverse commercial uses, including retail, wholesale, communication facilities, light industrial operations, offices, and professional services. Residential uses are strictly prohibited, except as minor, accessory components. Development plans must adhere to specific regulations: impervious surface coverage cannot surpass 90%, and the floor-to-area ratio (FAR) is capped at 2.0. This means that while significant building space is permissible, careful planning is required to maximize the site's potential within these parameters. An adjacent 3-acre parcel is also available for purchase, presenting an opportunity to expand the development footprint significantly. This property is ideal for businesses seeking a high-profile location with excellent access to major transportation routes. The asking price for this premier site is $2,150,000. Don't miss this chance to secure a prime piece of commercial real estate in a thriving area.

    Property Features for Son-In-Law Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    261,360 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.68464
    Latitude
    30.76634

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    FAQs

    What type of property is this?
    Commercial real estate - Six Acres, High-Visibility I-10 Location
    Where is this commercial real estate located?
    The property is located at Son-In-Law Rd Bonifay, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    (850) 233-4351
    Request Owner's contact information
    Son-In-Law Rd Bonifay, FL 32425
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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
    Son-In-Law Rd Bonifay, FL 32425
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