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    1971 Florida 87 Navarre, FL

    For Sale
    $499,900

    Commercial land in Navarre with highway frontage and development potential.

    Lot size:
    0.89 Acres

    Property Features for 1971 Florida 87

    General Information

    Lot size
    0.89 Acres

    Source: Carol Brown Family Real Estate PA Agent Carol Brown

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

    Overview

    Navarre Commercial Corridor Opportunity

    This 0.88-acre commercial land is located in the center of Navarre, offering a commercial corridor opportunity with a daily traffic count of approximately 23,500. The site features 134 feet of frontage and a depth of 296 feet. Zoned HCD Highway Commercial Development, the location has options for development including restaurant, office building, medical building, retail and more. The Hwy 87 corridor extends north from Hwy 98 to Hwy 90 in Milton. An established business is located on the corner site adjoining the property on the north side. A survey is available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9123217
    Latitude
    30.4109342

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in Navarre with highway frontage and development potential.
    Where is this commercial land located?
    The property is located at 1971 Florida 87 Navarre, FL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Prime commercial location in the center of Navarre.; - Benefit from a high daily traffic count of approximately 23,500.; - Zoned HCD Highway Commercial Development, allowing for various business types (restaurant, office, medical, retail).
    (850) 450-2644
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    1971 Florida 87 Navarre, FL
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    Navarre, 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
    1971 Florida 87 Navarre, FL
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