Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Build-Ready Homesite with Gulf Views Title is generated by Realmo AI

    4533 Cape San Blas Rd, Cape San Blas, FL 32456

    View on Map
    Claim this Listing
    For Sale
    $364,000

    LAND - Cape San Blas, FL

    Lot size:
    0.25 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for 4533 Cape San Blas Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06269021R
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Description
    SAN BLAS ESTATES BEING PARCEL A-1, PEREZ MINOR REPLAT ORB 337/457 ORB 785/277 FR HERBST MAP 19B

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Carla Ashabranner

    Listing agent Carla Ashabranner License #3570798

    Listing office Selling The Coast Po Box 1234 Suite A, Port St Joe, FL

    Listing date Apr 15, 2026

    MLS# 320336 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

    • Build‑ready homesite with stunning Gulf and Bay views.
    • Deeded semi‑private beach access shared with only one neighbor.
    • No HOA and desirable X flood zone location.
    • Located north of the CCCL line for easier permitting.
    • Water meter, paid tap fee, recent survey, and custom house plans included.
    • Short walk to the beach and Scallop Cove, with easy access to parks.

    Overview

    This quarter-acre homesite on North Cape San Blas, Florida, offers both Gulf and Bay views. It features deeded semi-private beach access shared with one neighbor and is located in an X flood zone, north of the CCCL line. A water meter, paid tap fee, recent survey, and custom house plans are in place. The property is a short walk to the beach and Scallop Cove, with access to T.H. Stone Memorial St. Joseph Peninsula State Park and Rish Park. This build-ready homesite presents an opportunity to create a coastal retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Department Store Discount Store Cafe & Coffee Shop Bakery Restaurant Travel Agency Restaurant Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape San Blas
    County
    Gulf
    State
    Florida
    Longitude
    -85.37685
    Latitude
    29.696781

    Nearby Similar for Sale

    • $549,900

      Commercial Mixed-Use Lot For Sale

      Cleared, level lot with Gulf and Bay access.
      Cape San Blas Rd lot: 4A, Cape San Blas, FL 32456
      View Details
    • $599,000

      Gulf-Front Cleared Lot Ready to Build

      0.58-acre Gulf-front lot in Indian Pass, build-ready.
      2704 Indian Pass Rd, Cape San Blas, FL 32456
      View Details
    • $1,275,000

      Gulf-Front Homesite on Cape San Blas

      Premier Gulf-front homesite with architectural freedom and unobstructed views.
      190 Sanuk Dr, Cape San Blas, FL 32456
      View Details
    • $999,000

      Gulf Front Land Opportunity

      Gulf front lot with breathtaking views and endless possibilities.
      Haven Rd lot: 3, Cape San Blas, FL 32456
      View Details
    • $1,700,000

      Gulf-Front Homesite on Florida Coast

      Breathtaking 1.5-acre Gulf-front homesite with 50+ feet frontage.
      Sea Cliff Dr lot: 1A, Cape San Blas, FL 32456
      View Details
    • $1,300,000

      Gulf Front Homesite in Ovation

      Premier Gulf front homesite in Cape San Blas' Ovation community.
      125 W Ovation Dr, Cape San Blas, FL 32456
      View Details
    • $2,649,999

      Cape San Blas Land

      Lot in premier community, ready to build.
      825 Secluded Dunes Dr, Cape San Blas, FL 32456
      View Details
    • $319,999

      Cape San Blas Building Site

      Building site with Gulf and Bay views, community beach access.
      130 Gulf Hibiscus Dr lot: 19, Cape San Blas, FL 32456
      View Details
    • $699,000

      Gulf Front Land Opportunity

      Beautiful gulf front lot in desirable Two Palms subdivision.
      116 W Seascape Dr, Cape San Blas, FL 32456
      View Details
    • $2,649,999
      5,600 SF

      Gulf Frontage Homesite Opportunity

      Rare opportunity to build a legacy property on the Gulf.
      825 Secluded Dunes Drive, Cape San Blas, FL 32456
      View Details
    • $495,000

      Cape San Blas Land Opportunity

      Flood zone X lot with Gulf and Bay views.
      24 Gulf Hibiscus Dr, Cape San Blas, FL 32456
      View Details
    • $1,192,960

      Cape San Blas Gulf Front

      Premium Gulf front lot on Cape San Blas, Florida.
      6287 Cape San Blas Rd, Cape San Blas, FL 32456
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Quarter-acre lot with Gulf and Bay views, ready to build.
    Where is this residential land & home lot located?
    The property is located at 4533 Cape San Blas Rd Cape San Blas, FL.
    What is the asking price?
    The asking price for this property is $364,000.
    What are key features of this property?
    This property features: Build‑ready homesite with stunning Gulf and Bay views.; Deeded semi‑private beach access shared with only one neighbor.; No HOA and desirable X flood zone location.
    (850) 730-3278
    We can help!
    Listing Contact
    Carla Ashabranner
    Real Estate License ID: 3570798
    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
    4533 Cape San Blas Rd, Cape San Blas, FL 32456
    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!