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    Mixed-Use Coastal Property Title is generated by Realmo AI

    308 Long Ave, Port St Joe, FL 32456

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    Claim this Listing
    New
    For Sale
    $815,000

    COMMERCIAL - Port St. Joe, FL

    Property size:
    1,300 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $626/SF
    Added:
    May 17, 2026
    Days on Market:
    6
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 308 Long Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
    Standard status
    Active
    APN
    04741006R
    Size
    1,300 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    CITY OF PORT ST JOE LOT 10 & LOT 12 BLK 17 ORB 780/51 FR ZERO LONG VENTURES MAP 50A

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Flooring type
    Laminate
    Roof type
    Metal

    We can help!

    Listing Contact
    Ashley Phathanak

    Listing agent Ashley Phathanak

    Listing office Scenic Sotheby's International Realty 3305 W County Hwy 30a, Santa Rosa Beach, FL

    Listing date May 17, 2026

    MLS# 325033

    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

    • Mixed‑use property in a walkable downtown location
    • Income potential through commercial and short‑term residential rentals
    • Newly built in 2024 with modern construction
    • 1,500 sq ft residential space features an open‑concept layout, granite countertops, and new appliances
    • Access to a newly constructed shared saltwater gunite pool
    • Adaptable 1,000 sq ft commercial space suitable for various uses

    Overview

    This mixed-use property offers a blend of lifestyle convenience and income potential in a walkable downtown setting, near shops, restaurants, and the marina. Built in 2024, the property features contemporary construction and versatile configuration. The ground level provides approximately 1,000 square feet of commercial space, adaptable for retail, office, studio, or professional use. The space is suitable for owner-occupation or leasing. Upstairs, a 1,500 square-foot residential retreat features an open-concept layout, a kitchen with granite countertops, luxury vinyl plank flooring, storm windows, and new appliances. It includes three bedrooms and two full bathrooms. Short-term rentals are permitted. Residents have access to a newly constructed shared saltwater gunite pool. There is also the option to add a private pool, join a shared pool arrangement with joint tenants, or purchase multiple units. The property is located in Port St. Joe, FL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Port St Joe
    County
    Gulf
    State
    Florida
    Longitude
    -85.3018397
    Latitude
    29.8141649

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property in a desirable coastal location.
    Where is this mixed-use property located?
    The property is located at 308 Long Ave Port St Joe, FL.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: Mixed‑use property in a walkable downtown location; Income potential through commercial and short‑term residential rentals; Newly built in 2024 with modern construction
    (615) 624-1879
    We can help!
    Listing Contact
    Ashley Phathanak
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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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