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    285 highway Niceville, FL 32578

    Source: https://www.saltercompany.com
    For Lease
    $35,525

    8.7 acres, high-visibility location, development potential.

    Lot size:
    389,590 SF

    Description

    Added:
    Mar 24, 2025
    Days on Market:
    259
    This exceptional 8.7-acre parcel presents a unique investment opportunity in Niceville, Florida. Strategically positioned at the southeast corner of Highway 285 and College Boulevard, this property enjoys unparalleled visibility and accessibility. Its proximity to the entrance of Swift Creek Community at Winding Waters Way ensures high traffic flow and strong potential for future growth. The land is currently listed at $49,000 per acre annually. The total rentable square footage is 389,590 square feet, with a monthly rate of $35,525. The property is zoned for a variety of uses, making it ideal for a diverse range of development projects. A highest and best use analysis suggests retail, office, mixed-use, or multi-family development as optimal options. The seller is willing to subdivide the parcel to accommodate specific development needs. This prime location offers exceptional potential for investors seeking a high-impact commercial development site in a thriving Florida community. The property is located in Okaloosa County, Florida, with a zip code of 32578. This is a rare opportunity to acquire a significant land holding in a rapidly growing area. Contact us today to learn more about this exceptional property and its development possibilities.

    Property Features for 285 highway

    General Information

    Property type
    Other land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    389,590 SF
    USF (Usable sq. ft)
    389,590 SF
    Elevators
    N/A
    Total Rate
    35525

    HighLights

    • Prime 8.7‑acre parcel in Niceville, FL, ideal for retail, office, or multi‑family development.
    • Located at Hwy 285 & College Blvd, offering high visibility and convenient access.
    • $49,000/acre annual lease price; subdivision options available.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Niceville
    State
    Florida
    Longitude
    -86.605313
    Latitude
    30.444219

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    FAQs

    What type of property is this?
    Land - 8.7 acres, high-visibility location, development potential.
    Where is this land located?
    The property is located at 285 highway Niceville, FL.
    What are key features of this property?
    This property features: Prime 8.7-acre parcel in Niceville, FL, ideal for retail, office, or multi-family development.; Located at Hwy 285 & College Blvd, offering high visibility and convenient access.; $49,000/acre annual lease price; subdivision options available.
    (850) 678-2223
    Request Owner's contact information
    285 highway Niceville, FL 32578
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    Niceville, FL 32578
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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
    285 highway Niceville, FL 32578
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