Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Marianna Mixed-Use Land Title is generated by Realmo AI

    00 Carters Mill Road, Marianna, FL 32446

    View on Map
    Claim this Listing
    For Sale
    $49,900

    Almost 0.5 acre mixed-use land in downtown Marianna.

    Type:Land or Vacant Lot
    Lot size:
    0.45 Acres
    Added:
    Jan 14, 2025
    Days on Market:
    507
    Last Refresh:
    May 10 at 9:40 pm

    Property Features for 00 Carters Mill Road

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    KATHY S MILTON

    Listing agent KATHY S MILTON

    Listing office CHIPOLA REALTY

    Listing date Jan 14, 2025

    Source Corcoran

    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 CHIPOLA REALTY

    HighLights

    • Prime downtown Marianna location
    • Large lot size: Almost 0.5 acres
    • Zoned Mixed Use
    • Close proximity to Jackson Hospital and doctors' offices
    • Convenient access to shopping and restaurants
    • Access points on Carters Mill Road and Kelson Ave

    Overview

    This property is almost 0.5 acres of land located in downtown Marianna. Zoned for mixed-use, the property is in a prime location near Jackson Hospital, doctors' offices, shopping, and restaurants. The land currently has natural growth and features access points on Carters Mill Road and Kelson Avenue.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Pharmacy Food Market Grocery & Convenience Store Cafe & Coffee Shop Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.2403
    Latitude
    30.8008

    Nearby Similar for Sale

    • $2,145,000
      10,900 SF

      Marianna, FL Medical Building

      Two-story medical building in Marianna's retail corridor.
      4357 Lafayette St, Marianna, FL 32446
      View Details
    • $289,000
      2,155 SF

      Downtown Marianna Renovated Office Space

      Renovated office space in downtown Marianna near courthouse.
      4442 Lafayette Street, Marianna, FL 32446
      View Details
    • $325,000
      5,119 SF

      Medical Office Space For Sale

      Medical office space in Marianna's medical community, near Jackson Hospital.
      4290,4 & 6 5th Avenue, Marianna, FL 32446
      View Details
    • $850,000
      3,200 SF

      Automotive Repair and Tow Facility

      Turnkey full-service wrecker and automotive repair operation includes equipment, lifts, impound yard, and towing assets.
      2900 Borden, Marianna, FL 32448
      View Details
    • $460,000

      Marianna, FL Commercial Land

      High visibility land near town, ready to build.
      2945 Highway 71, Marianna, FL 32446
      View Details
    • $99,000
      1,604 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4290 5th Avenue, Marianna, FL 32446
      View Details
    • $125,000
      1,750 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4294 5th Avenue, Marianna, FL 32446
      View Details
    • $150,000
      1,965 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4296 5th Avenue, Marianna, FL 32446
      View Details
    • $1,860,000
      7,040 SF

      Multi-Tenant Retail Property For Sale

      7,040 SF retail property on 1.68 acres in Marianna, FL.
      4944 Malloy Plz, Marianna, FL
      View Details
    • $49,900
      2,160 SF

      Marianna, FL Building Lot

      0.7 acre building lot with pole barn and electricity.
      4101 Park Place Road, Marianna, FL 32446
      View Details
    • $209,000
      1,156 SF

      Waterfront Townhome with Pond Views

      Enjoy a low-maintenance 2-bedroom, 2-bath townhome with waterfront views and a covered porch for year-round relaxation.
      5165 Lamar Drive, Marianna, FL 32446
      View Details
    • $565,000

      Versatile Commercial Office Complex

      Professional office complex with ample parking in a prime location.
      2540 Lakeshore Dr, Marianna, FL, 32446-0102
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 0.5 acre mixed-use land in downtown Marianna.
    Where is this commercial land located?
    The property is located at 00 Carters Mill Road Marianna, FL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Prime downtown Marianna location; Large lot size: Almost 0.5 acres; Zoned Mixed Use
    (850) 482-7788
    We can help!
    Listing Contact
    KATHY S MILTON
    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

    Thank You for Inquiry
    00 Carters Mill Road, Marianna, FL 32446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!