Spacious Land with Commercial
For Sale
$445,000
4156 Painter Branch Road, Crestview, FL 32539
4.47 acres near Crestview with versatile commercial features.
Property Size5,000 SF
Lot Size4.47 Acres
Price / SF$89
Days on Market191
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
Changed: Jul 6
Last Checked: Aug 4 at 6:17AM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 32539, FL
31,749
Population
12,642
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
127.9 sq mi
ZIP Area
248
Density / Sq Mi
$72,521
Median Household Income
$40,064
Median Earnings
$1,323
Median Rent
$272,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
