Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Apalachicola Land Multi-Family Residential Title is generated by Realmo AI

    198 13th St, Apalachicola, FL 32320

    View on Map
    Claim this Listing
    For Sale
    $180,000

    LAND - Apalachicola, FL

    Lot size:
    0.41 Acres
    Added:
    May 12, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for 198 13th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-2
    Standard status
    Active
    APN
    0109S08W833001400010
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Description
    BL 140 Lots 3,4,5 City of Apalachicola

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Shaun Donahoe

    Listing agent Shaun Donahoe License #186180

    Listing office Shaun S. Donahoe P.O. Box 666, WATERSOUND, FL

    Listing date May 12, 2026

    MLS# 324673 Listing URL

    Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three contiguous 60x100 city lots.
    • Zoned R‑2 multi‑family residential.
    • High ground "X" zone.
    • Northside location.
    • Lots may be purchased individually.
    • Water Available.

    Overview

    This property consists of three contiguous city lots, each measuring 60x100, situated on the northside. The lots are high ground and located in an "X" zone. Zoned R-2, the property is designated for multi-family residential use. The total lot size is 0.4132 acres. These lots may be purchased individually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Apalachicola
    County
    Franklin
    State
    Florida
    Longitude
    -84.9959484
    Latitude
    29.7246066

    Nearby Similar for Sale

    • $659,000
      4,030 SF

      Versatile Commercial Property on Highway 98

      High-visibility commercial property with showroom, offices, and large work area.
      631 Hwy 98 W, Apalachicola, FL 32320
      View Details
    • $650,000
      2,611 SF

      Apalachicola Commercial Building For Sale

      Commercial building in historic district, Apalachicola, with parking.
      47 Ave F, Apalachicola, FL 32320
      View Details
    • $3,000,000
      9,932 SF

      Mixed-Use Commercial Asset in Apalachicola

      Prime commercial property with diverse income streams in historic Apalachicola.
      76 Market St, Apalachicola, FL 32320
      View Details
    • $799,900
      3,500 SF

      Apalachicola Mixed-Use Commercial Building

      High-visibility mixed-use property with income potential in downtown Apalachicola.
      51 Market St, Apalachicola, FL 32320
      View Details
    • $795,000
      4,596 SF

      Apalachicola Storefronts Near Courthouse

      Four storefronts totaling approximately 4,600 sq ft in Apalachicola.
      45 Market St, Apalachicola, FL 32320
      View Details
    • $395,000
      398 SF

      Waterfront Commercial Property in Apalachicola

      Waterfront commercial property for sale in Apalachicola, Florida.
      608 Highway 98, Apalachicola, FL 32320
      View Details
    • $1,250,000
      4,230 SF

      Historic Theater with Apartment Suite

      Restored 1912 theater with rental apartment in Apalachicola.
      21 Ave E, Apalachicola, FL 32320
      View Details
    • $3,025,000
      2,361 SF

      Apalachicola Bay Waterfront Commercial Land

      Prime commercial investment opportunity on Apalachicola Bay.
      430 Highway 98, Apalachicola, FL 32320
      View Details
    • $340,000
      1,071 SF

      Mixed-Use Commercial Property, Apalachicola

      High-visibility mixed-use property in Apalachicola, Florida, suitable for investors.
      229 Highway 98, Apalachicola, FL 32320
      View Details
    • $289,500

      Apalachicola Land Investment Opportunity

      Two wooded building sites near downtown Apalachicola.
      139 8th St, Apalachicola, FL 32320
      View Details
    • $5,750,000
      5,203 SF

      Apalachicola River Deep Water Frontage

      Prime commercial property with deep water access and ample space.
      323 Water St, Apalachicola, FL 32320
      View Details
    • $200,000

      Apalachicola Highway 98 Coastal Land

      0.92-acre parcel on Highway 98 with development potential.
      515 Hwy 98 W, Apalachicola, FL 32320
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three contiguous city lots zoned R-2 multi-family residential.
    Where is this residential land & home lot located?
    The property is located at 198 13th St Apalachicola, FL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Three contiguous 60x100 city lots.; Zoned R‑2 multi‑family residential.; High ground "X" zone.
    (850) 653-8330
    We can help!
    Listing Contact
    Shaun Donahoe
    Real Estate License ID: 186180
    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
    198 13th St, Apalachicola, FL 32320
    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!