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    4774 Jerry Dr Milton, FL

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    For Sale
    $3,850,000

    11.83 acres zoned for medium-high density residential development.

    Lot size:
    11.83 Acres

    Property Features for 4774 Jerry Dr

    General Information

    Lot size
    11.83 Acres

    Source: Salter Commercial LLC Agent Trey Potts

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

    Overview

    11.83 Acres on US Highway

    The site encompasses approximately 11.83 acres with access to US Highway 90, which has an annual average daily traffic count of 34,500. Zoned R3, the property allows for medium-high density development at a rate of 18 units per acre. Located in Santa Rosa County, the property benefits from the area's rapid population growth, which has exceeded 24% over the past decade, making it the fastest-growing county in the Florida Panhandle.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0396881
    Latitude
    30.6324149

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    FAQs

    What type of property is this?
    Land - 11.83 acres zoned for medium-high density residential development.
    Where is this land located?
    The property is located at 4774 Jerry Dr Milton, FL.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: - 11.83+/- acres zoned R3 - Medium High Density (18 Units/Acre) allowing for **significant development potential**.; - Access to US Highway 90 with a **high traffic count of 34,500 AADT**.; - Located in Santa Rosa County, the fastest-growing county in the Florida Panhandle.
    (850) 501-9101
    Request Owner's contact information
    4774 Jerry Dr Milton, FL
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    Milton, FL
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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
    4774 Jerry Dr Milton, FL
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