Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 285 front porch circle Niceville, FL 32578

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $2,287 /Mo ($1.18 SF/Yr)

    High-visibility Hwy 285 location. Lease two 0.5-acre parcels.

    Lot size:
    23,259 SF

    Property Features for Hwy 285 front porch circle

    General Information

    Property type
    Other land
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    23,259 SF
    USF (Usable sq. ft)
    23,259 SF
    Elevators
    N/A
    Total Rate
    2287

    Amenities

    Overview

    Prime Commercial Land on Highway

    This commercial land opportunity features two contiguous half-acre parcels, totaling 0.56 acres. The property is situated at the entrance to the Parkview Place community on Highway 285, also known as Partin Drive, in Niceville, Florida. The location offers high visibility and accessibility. Zoned for commercial use, the property provides flexibility for various development options. The total rentable area is 23,259 square feet. A net lease (NNN) structure is in place, with a monthly rate of $2,287. The lease term is negotiable. Detailed site plans illustrating potential commercial building layouts are available upon request. This location in Okaloosa County, Florida, zip code 32578, presents a chance to establish a business in a growing area.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • High‑visibility location at Hwy 285 entrance to Parkview Place.
    • Two 0.5‑acre commercial parcels available for lease.
    • NNN lease; monthly rate of $2287.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Niceville
    State
    Florida
    Longitude
    -87.231189
    Latitude
    30.463596

    Nearby Similar for Lease

    • New
      $7,083 /Mo

      Move-in Ready Office Space

      5,000 SF office space with 12 offices available for rent.
      1047 E John Sims Pkwy, Niceville, FL 32578
      View Details
    • $22 SF/Yr
      4,000 SF

      Niceville Office Space For Rent

      Prime office space with ample parking in Niceville, Florida.
      101 Hart St, Niceville, FL 32578
      View Details
    • $13 SF/Yr
      3,000 SF

      Niceville Retail/Office Freestanding Building

      3,000 SF retail/office space in the heart of Niceville.
      212 Government Ave, Niceville, FL 32578
      View Details
    • $1,724 /Mo

      Retail/Office Building on Partin Drive

      Freestanding retail or office building in Niceville, Florida.
      2201 N Partin Dr, Niceville, FL 32578
      View Details
    • $25 SF/Yr

      Medical Office Space in Niceville

      2,500 SF medical office space available September 1, 2026.
      4506 State Highway 20 East, Niceville, FL 32578
      View Details
    • $1.00 SF/Yr
      1,918 SF

      Bluewater Bay Retail and Office

      Retail, restaurant, and office spaces available in Niceville, Florida.
      4512 Highway 20 E, Niceville, FL 32578
      View Details
    • $30 SF/Yr
      25,000 SF

      New Class A Office Building

      New Class A office building near Eglin AFB for lease.
      511 Government Ave, Niceville, FL 32578
      View Details
    • Contact for pricing
      105,599 SF

      Bluewater Bay Retail/Office Space

      Retail, restaurant, and office spaces available in Niceville, Florida.
      4506-4546 Merchants Way, Niceville, FL 32578
      View Details
    • $25,000
      47,906 SF

      Versatile Commercial Building for Lease

      Large, well-maintained commercial building with multiple uses available for lease.
      200 Hart St, Niceville, FL 32578
      View Details
    • $2,083 /Mo
      7,116 SF

      Class A Retail/Office Space

      Highly visible retail/office spaces in Niceville, strong traffic flow.
      4576 End Cap, Niceville, FL
      View Details
    • $2,135 /Mo
      1,025 SF

      Niceville Office Suite For Lease

      1,025 SF office suite in well-established Niceville office complex.
      4400 E Highway 20, Niceville, FL 32578
      View Details
    • $3,250 /Mo
      3,000 SF

      Niceville Office Space For Rent

      3000 SF office space available for lease.
      212 Government Ave, Niceville, FL 32578
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility Hwy 285 location. Lease two 0.5-acre parcels.
    Where is this land located?
    The property is located at Hwy 285 front porch circle Niceville, FL.
    What is the lease rate?
    The lease rate is $1.18 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 678-2223
    Request Owner's contact information
    Hwy 285 front porch circle Niceville, FL 32578
    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.
    Hwy 285 front porch circle
    Niceville, FL 32578
    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
    Hwy 285 front porch circle Niceville, FL 32578
    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

    We can help!
    Listing Contact
    Paul Salter
    (850) 678-2223
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!