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

    1037 Main St Chipley, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding CVS on Main Street in Chipley, Florida for sale.

    Type:RETAIL
    Property size:
    13,225 SF
    Lot size:
    1.96 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    378
    Last Refresh:
    Apr 5 at 9:49 pm

    Property Features for 1037 Main St

    General Information

    Standard status
    Active
    Size
    13,225 SF
    Lot size
    1.96 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Pablo Camposano

    Listing agent Pablo Camposano

    Listing office Colliers | Miami

    Listing date Apr 17, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Miami

    Overview

    Freestanding CVS in Chipley, Florida

    This freestanding CVS is located at the northeast corner of Main Street and South Boulevard in Chipley, Florida, situated in Washington County along the I-10 corridor between Tallahassee and Pensacola. The property is located directly on US Highway 77 (Main Street), a prominent north/south route with a traffic count of 19,500 vehicles per day at the intersection with South Boulevard. CVS opened in 2011 and occupies a modern freestanding building with a two-lane attached drive-thru facility and parking spaces. The building has a size of approximately 13,225 square feet and includes 62 parking spaces. The property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • CVS Pharmacy — 1037 Main St, Chipley, FL 32428, United States
    • Ashley Lovering — 1037 Main St, Chipley, FL 324281930
    • Robert Mcdonald — CVS 04480, 1037 Main St, Chipley, FL 324280017

    Location Insight

    • Map
    • Local Demand
    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.537
    Latitude
    30.7724

    Nearby Similar for Sale

    • $475,000
      2,682 SF

      Established Restaurant with Multiple Income

      Family-owned restaurant with diverse income streams on Highway 77.
      5163 Highway 77, Chipley, FL 32428
      View Details
    • $5,000,000

      320 Acres in Chipley, Florida

      320-acre agricultural property with investment and development potential.
      1328 O'Connell Lane, Chipley, FL 32428
      View Details
    • $1,595,000
      19,200 SF

      Multi-Family Park in Chipley, FL

      Multi-family park with remodeled units on 32 acres.
      901 PRISSY LANE, CHIPLEY, FL 32428
      View Details
    • $3,200,000

      Established Gas Station For Sale

      Gas station with convenience store in high-traffic location.
      1699 Main Street, Chipley, FL 32428
      View Details
    • $4,204,000
      7,003 SF

      Updated Burger King For Sale

      Burger King with new master lease in tax-free Florida.
      1698 Main St, Chipley, FL
      View Details
    • $698,000

      Versatile Building on Ten Acres

      Expansive building suitable for church, school, or specialty use.
      4135 Pine Log Rd, CHIPLEY, FL, 32428-6407
      View Details
    • $1,575,000
      10,658 SF

      Chipley Multifamily Investment Opportunity

      Well-maintained 16-unit apartment community with recent capital improvements.
      872 Deer Wood Lane, Chipley, FL 32428
      View Details
    • $367,500

      Washington County Multifamily Property

      Multifamily property located in Washington County, Florida.
      842 Rattlebox Rd, Chipley, FL 32428
      View Details
    • $1,575,000

      Chipley Multifamily Investment Opportunity

      Well-maintained 16-unit apartment community in Chipley, Florida.
      872 Deerwood Lane, Chipley, FL 32428
      View Details
    • $449,999
      1,248 SF

      Retail/Office Space on Hwy 77

      High-visibility location with highway frontage suitable for retail or office.
      1213 Main Street, Chipley, FL 32428
      View Details
    • $749,999
      1,530 SF

      High-Visibility Commercial Building For Sale

      0.768 acre commercial building with highway frontage and high traffic.
      1259 Main Street, Chipley, FL 32428
      View Details
    • $449,999
      1,248 SF

      Prime Location Commercial Property

      High-visibility commercial property on 0.64 acres with highway frontage.
      1213 Main Street, Chipley, FL 32428
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding CVS on Main Street in Chipley, Florida for sale.
    Where is this drug store located?
    The property is located at 1037 Main St Chipley, FL.
    What are key features of this property?
    This property features: Freestanding CVS located at a hard corner of Main Street and South Boulevard with high traffic volume.; Located in Chipley, Florida, a fast‑growing community.; CVS occupies a modern, attractive freestanding building.
    (786) 210-2730 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Pablo Camposano
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!