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    16296 Perdido Key Dr Perdido Key, FL 32507

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    For Sale
    $1,950,000

    Land investment opportunity near Gulf of Mexico and Perdido Key.

    Property size:
    86,248 SF
    Lot size:
    86.00 Acres

    Property Features for 16296 Perdido Key Dr

    General Information

    Size
    86,248 SF
    Lot size
    86.00 Acres

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Jeremy Larkin
    Source: Naiglobal

    Listing Agent: Jeremy Larkin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Near Perdido Key

    This property presents a prime opportunity for property investment and land development. It is located close to the Gulf of Mexico and the intercoastal river, and near Perdido Key State Park and Gulf Islands National Seashore. The surrounding area features luxury resorts, vacation rentals, fresh seafood options, and international cuisine with Gulf views. The property is easily accessible by car and is located approximately 24.4 miles from Pensacola International Airport. The island of Perdido Key is about 16 miles long, with almost 60% of it protected in federal or state parks. The property is approximately 1.5 miles from Perdido Key State Park and approximately 3.7 miles from Lost Key Golf & Beach Club. The property size is 86248 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Hair Salon Department Store Hotel & Motel Travel Agency Bed & Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Perdido Key
    County
    Escambia
    State
    Florida
    Longitude
    -87.4885245
    Latitude
    30.2884547

    Nearby Similar for Sale

    • $1,200,000
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      Furnished Beachfront Condo with Cabana

      Furnished 4-bedroom condo with Gulf views and poolside cabana.
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    • $1,200,000
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      Furnished Beachfront Condo with Cabana

      Stunning 4-bedroom condo with Gulf views and poolside cabana.
      14511 Perdido Key Dr, Perdido Key, FL 32507
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    • $660,000

      Gulf-Front Condo with Rental Potential

      Furnished 2-bedroom condo with Gulf views and resort-style amenities.
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    • $450,000
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      Luxury Condo in Golf & Beach Club

      Elegant 3-bedroom condo with golf course views and beach access.
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    • $648,000

      Gulf View Condo Investment Opportunity

      Spacious 3-bedroom condo with Gulf views and rental history.
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    • $311,000
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      Remodeled Beach Condo with Furnishings

      Completely remodeled, furnished beach condo with deeded beach access.
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    • $12,000,000

      Gulf Front Hotel/Condo Development Site

      1.99-acre Gulf front site with approved development order.
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    • $347,000
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      Coastal Condo Near Restaurants

      Stylish condo near Perdido Key's restaurants with updated modern bathroom.
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    • $589,000

      Beachfront Condo with Walkout Patio

      Spacious 2 bed/2.5 bath beachfront condo with walkout patio.
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    FAQs

    What type of property is this?
    Land - Land investment opportunity near Gulf of Mexico and Perdido Key.
    Where is this land located?
    The property is located at 16296 Perdido Key Dr Perdido Key, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime opportunity for property investment and land development.; - Close proximity to the Gulf of Mexico and intercoastal river.; - Near Perdido Key State Park and Gulf Islands National Seashore with almost 60% of the island protected.
    (786) 260-0402
    Request Owner's contact information
    16296 Perdido Key Dr Perdido Key, FL 32507
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    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
    16296 Perdido Key Dr Perdido Key, FL 32507
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    Listing Contact
    Jeremy Larkin
    (786) 260-0402
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