Spacious Land with Commercial
4156 Painter Branch Road Crestview, FL 32539
4156 Painter Branch Road, Crestview, FL, 32539
$445,000
For Sale
$445,000
4.47 acres near Crestview with versatile commercial features.
Property Size5,000 SF
Lot Size4.47 Acres
Price / SF$89
Days on Market175
Property Features for 4156 Painter Branch Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 4.47 Acres
- Property subtype
- Commercial
Listing Agency
NBI PROPERTIES INC
(850) 243-0007
Listed by
CRAIG S BARRETT · License #3294646
Source
Corcoran
Added: Jan 26 Updated: Jul 6 at 10:07 am Checked: Jul 19 at 4:44 am
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 NBI PROPERTIES INC
Investment Insights
Based on property information with market context.
This 4.47-acre property is located just outside the Crestview corridor. It features a 5,000 square foot Quonset hut set on a 15-inch concrete slab, equipped with a loading dock, full utility access, and a rooftop sprinkler system. The property also includes a new pole barn sized for a 45-foot RV. There are two municipal water meters, a deep water well, two septic systems, and three full RV hookups with 30 AMP and 50 AMP service. Access to the property is provided by newly installed electronic gates.
Key Highlights
- 4.47 acre property offering commercial flexibility.
- 5,000 sq ft Quonset hut with 15 inch concrete slab, loading dock, and rooftop sprinkler system.
- New pole barn sized for a 45 foot RV.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $8.40 |
| − Vacancy | −$2.0k | −$0.40 |
| EGI | $40.0k | $8.00 |
| − OpEx | −$6.0k | −$1.20 |
| NOI | $34.0k | $6.80 |
5,000 SF · lease $8.40/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$485.5K
$424.8K – $566.4K
NOI $33,986 @ 7.0% cap · market cap 7.64%
Second Best
Industrial
$369.7K
$323.5K – $431.3K
NOI $25,880 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,879 @ 7.0% cap · market cap 30.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 4.47 acres near Crestview with versatile commercial features.
Where is this commercial land located?
The property is located at 4156 Painter Branch Road Crestview, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 4.47 acre property offering commercial flexibility.; **5,000 sq ft Quonset hut with 15 inch concrete slab, loading dock, and rooftop sprinkler system.**; New pole barn sized for a 45 foot RV.
