Commercial Land with
For Sale
$500,000
Pending
13636 Highway 77, Southport, FL 32409
The site includes two sheds and a building arranged with three rooms and two bathrooms.
Property Size1,416 SF
Days on Market14
Property Features for 13636 Highway 77
General Information
Standard status
Pending
Size
1,416 SF
Amenities
true
3.5
false
1416
Building Details
Building Size
1,416 SF
Year Built
1950
Listing Agency:
(850) 660-0313
Listed By:
Rebecca Robinson
Source:
Chipola
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 2:53AM
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 Rebecca Robinson
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3.5-acre commercial land parcel along Highway 77 includes two sheds and a 1,416-square-foot building. The building dates to 1950 and contains three rooms and two bathrooms, providing existing enclosed space alongside the outdoor storage structures.
Key Highlights
- 3.5‑acre commercial land parcel
- Highway 77 location
- Two sheds on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,809
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,180
$476.2K
Cap Rate 7%
$340,129
$340.1K
Cap Rate 9%
$264,544
$264.5K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$39.9K $28.20/SF
− Vacancy
−$8.2K −$5.78/SF
EGI
$31.7K $22.42/SF
− OpEx
−$7.9K −$5.60/SF
NOI
$23.8K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,180
Cap Rate 7%
$340,129
Cap Rate 9%
$264,544
Alternative Uses
Best Use
Office B
$340.1K
$297.6K – $396.8K
NOI $23,809 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 32409, FL
10,394
Population
4,525
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
90%
High-School Grad
126.6 sq mi
ZIP Area
82
Density / Sq Mi
$60,687
Median Household Income
$37,278
Median Earnings
$1,097
Median Rent
$221,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The site includes two sheds and a building arranged with three rooms and two bathrooms.
Where is this commercial land located?
The property is located at 13636 Highway 77 Southport, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3.5‑acre commercial land parcel; Highway 77 location; Two sheds on site
