Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20429 Fettinger Road Fountain, FL 32438

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,000

    5 acres of vacant land, ideal for home or investment.

    Added:
    May 1, 2025
    Days on Market:
    363
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 20429 Fettinger Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    KAITLYN FUCCI

    Listing agent KAITLYN FUCCI

    Listing office COUNTS REAL ESTATE GROUP INC

    Listing date May 1, 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 COUNTS REAL ESTATE GROUP INC

    Overview

    5 Acres Vacant Land Opportunity

    This is a 5-acre parcel of vacant land located just off Highway 231. It offers easy access and is suitable for building a home or for investment purposes. The property is situated in a rural setting, yet it is within a short drive to Panama City. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Garden Center Discount Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain
    County
    Bay
    State
    Florida
    Longitude
    -85.4196
    Latitude
    30.5194

    Nearby Similar for Sale

    • $29,900
      1,610 SF

      Fountain, FL Commercial Land

      Commercial land in fast-growing Fountain, FL, with retail building.
      18035 Center Drive, Fountain, FL 32438
      View Details
    • $160,000

      Fountain, FL Investment Land

      1.20-acre cleared land parcel with development potential.
      1975 NW County Road 274, Fountain, FL 32438
      View Details
    • $59,000

      Fountain, FL 5-Acre Land Parcel

      5-acre parcel near Deep Springs Park, ideal for homesteading.
      19678 Walsh Road, Fountain, FL 32438
      View Details
    • $35,000

      Prime Corner Lot in Fountain

      2.44 acres, cleared, elevated, ready for your vision.
      1438 Lake Lillian Road, Fountain, FL 32438
      View Details
    • $14,500

      Affordable Homesite in Fountain, FL

      Homesite in Fountain, FL with convenient access and peaceful setting.
      12207 1st Street, Fountain, FL 32438
      View Details
    • $89,000

      Commercial Land in Fountain, FL

      Partially cleared commercial land in rapidly growing Fountain area.
      12239 Burke Road, Fountain, FL 32438
      View Details
    • $12,500

      Residential Homesite in Fountain, FL

      Affordable homesite with room to create your vision.
      16715 Eastwood Drive, Fountain, FL 32438
      View Details
    • $32,000

      Secluded Land in Fountain, FL

      2.5 acres of private land near Econfina Creek.
      S Silver Lake Road, Fountain, FL 32438
      View Details
    • $10,000

      Affordable Homesite in Quiet Setting

      Homesite in Fountain, FL, great for building or investment.
      12033 Azalea Street, Fountain, FL 32438
      View Details
    • $225,000

      20 Acres in Fountain, FL

      20 acres of land with usability, access, and privacy.
      11727 Owenwood Road, Fountain, FL 32438
      View Details
    • $10,000

      Homesite in Quiet Fountain Area

      Affordable homesite with room to grow in Fountain, Florida.
      12018 Barberry Street, Fountain, FL 32438
      View Details
    • $110,000

      Buildable Residential Land in Fountain, FL

      10 acres of buildable residential land in Fountain, Florida.
      N Silver Lake Road, Fountain, FL 32438
      View Details

    FAQs

    What type of property is this?
    Land - 5 acres of vacant land, ideal for home or investment.
    Where is this land located?
    The property is located at 20429 Fettinger Road Fountain, FL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 5 Acres of Vacant Land ready for your dream home or investment.; Easy Seller Financing Available.; Easy Access off HWY 231.
    (850) 231-1483
    We can help!
    Listing Contact
    KAITLYN FUCCI
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!