Add Listing
    For Sale
    • 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

    12135 Highway 77 Southport, FL 32409

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    5.07-acre commercial parcel on high-traffic highway, Southport, Florida.

    Lot size:
    5.75 Acres

    Property Features for 12135 Highway 77

    General Information

    Standard status
    Active
    Lot size
    5.75 Acres

    We can help!

    Listing Contact
    Karen K Smith
    Karen K Smith
    Source: Corcoran

    Listing Agency: Beachy Beach Real Estate Listing Agent: Karen K Smith

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

    Learn more

    Overview

    Highway 77 Commercial Land Parcel

    This 5.07-acre vacant commercial parcel is located on Highway 77. The site was originally planned for a storage unit facility, making it a potential development site for a similar project.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Auto Parts Store Kitchen & Bath Showroom HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Bay
    State
    Florida
    Longitude
    -85.676764
    Latitude
    30.373509

    Nearby Similar for Sale

    • $900,000
      2,079 SF

      Bayfront Duplex with Investment Potential

      Bayfront property with two homes, ideal for living or rental.
      7301 Suwanee Ave, Southport, FL 32409
      View Details
    • $450,000
      4,502 SF

      Southport Commercial Property For Sale

      Commercial property in Southport with high traffic count and C-3 zoning.
      2126 Highway 2321, Southport, FL 32409
      View Details
    • $4,400,000

      Waterfront RV Park Development Opportunity

      21.83 acre waterfront property approved for luxury RV resort.
      6422 Grassy Point Rd, Southport, FL 32409
      View Details
    • $1,750,000
      9,539 SF

      Southport Commercial Property Investment

      High-traffic retail space, ample land, multiple buildings.
      7235 Highway 77, Southport, FL 32409
      View Details
    • $475,000

      Southport Commercial Land - $475,000

      High-traffic commercial lot, near Hwy 77 & 20.
      501 Brit Pond Rd, Southport, FL 32409
      View Details
    • $645,000
      4,814 SF

      Versatile Building on Hwy 77

      4,800 SF building on 1.24 acres with highway frontage.
      13919 Highway 77, Southport, FL 32409
      View Details
    • $800,000
      4,814 SF

      Southport Commercial Building - Hwy 77

      High-traffic, 4,814 sq ft metal building
      13919 Highway 77, Southport, FL 32409
      View Details
    • $885,000

      Southport Commercial Land - Hwy 77 Frontage

      High-traffic location, development potential.
      501 Brit Pond Rd, Southport, FL 32409
      View Details
    • $450,000
      1,481,040 SF

      Southport, FL Commercial Land

      34 Acres, Hwy 77 Frontage, Prime Location
      6860 Fl-77, Southport, FL 32409
      View Details
    • $1,500,000

      Prime Southport Commercial Land

      3.6 Acres, Bayou Waterfront, Endless Potential
      2026 Fulton St, Southport, FL 32409
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.07-acre commercial parcel on high-traffic highway, Southport, Florida.
    Where is this commercial land located?
    The property is located at 12135 Highway 77 Southport, FL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - 5.07-acre commercial parcel; - Located on high-traffic Highway 77; - Vacant land
    (850) 527-5651
    Request Owner's contact information
    12135 Highway 77 Southport, FL 32409
    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.
    12135 Highway 77
    Southport, FL 32409
    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
    12135 Highway 77 Southport, FL 32409
    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
    Karen K Smith
    Karen K Smith
    Real Estate License ID: 3102215
    (850) 527-5651 (850) 233-4351
    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!