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    Youngstown Warehouse on 3.4 Acres Title is generated by Realmo AI

    12516 Highway 231, Youngstown, FL 32466

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    Claim this Listing
    Pending
    $475,000

    COMMERCIAL - Youngstown, FL

    Property size:
    2,400 SF
    Lot size:
    3.40 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    238
    Last Refresh:
    May 28 at 5:06 pm

    Property Features for 12516 Highway 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    03564-010-000
    Size
    2,400 SF
    Lot size
    3.40 Acres

    Taxes and HOA fees

    Tax Description
    27 1S 12W -27.1- 199A BEG 955.75' S OF NW COR TH S 230' E 624.09' TO THE WEST R/R OF R/W LINE TH RUN NE 228.32' ALONG SAID R/W TH W 650.02 TO POB ORB 4726 P 846

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1986
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Ariane Johnson
    Ariane Johnson

    Listing agent Ariane Johnson License #3333011

    Listing office Think Real Estate 2810 Martin Luther King Jr. Bl Suite C, Panama City Beach, FL

    Listing date Oct 3, 2025

    MLS# 779891

    Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.4 acres of cleared land with a 24 ft. gated entrance.
    • Upgraded with 3‑Phase electric, new HVAC unit, spray foam insulation, new roll up door, and electric switch updates.
    • Warehouse includes two framed offices, a foyer for a reception area, a loft, and a bathroom.
    • Includes a forklift and milling machine.
    • 16 ft ceiling height (14 ft at eaves).
    • Two septics and one well already in place.

    Overview

    This warehouse, situated on 3.4 acres of land, presents various opportunities. The entrance area features two framed offices, and the foyer is suitable for a reception area. Upgrades include 3-Phase electric, a new HVAC unit, spray foam insulation, a new roll-up door, and electric switch updates. A loft and bathroom provide functional space. The warehouse has a 16 ft ceiling height and 14 ft at the eaves. A forklift and milling machine are included. The land has been cleared and features a 24 ft gated entrance. The space could be used as a lay down yard. There are two septics and one well in place. The property is zoned C3A and experiences a daily traffic count of approximately 12,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Bay
    State
    Florida
    Longitude
    -85.438056
    Latitude
    30.37462

    Nearby Similar for Sale

    • $475,000
      2,400 SF

      Warehouse on 3.4 Acres

      Warehouse with upgraded features and cleared land for sale.
      12516 Highway 231, Youngstown, FL 32466
      View Details
    • $199,000

      Mobile Home Park Investment Opportunity

      Mobile home park with two well-appointed, park-owned units.
      8209 Hwy 2301, Youngstown, FL 32466
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse with 3.4 acres, upgraded electric, convenient location.
    Where is this warehouse located?
    The property is located at 12516 Highway 231 Youngstown, FL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 3.4 acres of cleared land with a 24 ft. gated entrance.; Upgraded with 3‑Phase electric, new HVAC unit, spray foam insulation, new roll up door, and electric switch updates.; Warehouse includes two framed offices, a foyer for a reception area, a loft, and a bathroom.
    (850) 890-5475
    We can help!
    Listing Contact
    Ariane Johnson
    Ariane Johnson
    Real Estate License ID: 3333011
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    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.

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