Vacant Lot with Steel Workshop
5509 Cone Drive Crestview, FL 32539
5509 Cone Drive, Crestview, FL, 32539
$110,000
For Sale
$110,000
LAND - Crestview, FL
Property Size600 SF
Lot Size0.30 Acres
Price / SF$183.33
Days on Market176
Property Features for 5509 Cone Drive
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- County, Mobile Home, Resi
- Standard status
- Active
- APN
- 04-3N-23-1846-0006-0180
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- RE S/D BLK 18 OAKDALE M/F LOTS 17 & 18 BLK 6
- Tax Annual Amount
- 1281
Utilities
- Sewer type
- Septic Tank
Listing Agency
Back Stage Realty
(850) 729-0399
151 S John Sims Pkwy Suite C, Niceville, FL
Listed by
Dawn M Johnson · License #3110740
(850) 729-0399
Added: Jan 22 Checked: Jul 17 at 5:06 pm
MLS# 993501
Listing URL
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This cleared, fully fenced vacant lot at 5509 Cone Drive includes a 24x25 steel building on a concrete foundation. The building features two large roll-up doors and a standard walk-through door, supporting uses such as a workshop, storage, or a small business setup. The prior mobile home has been removed, with infrastructure remaining in place. Utilities are available, the water tap fee has been paid, and a septic tank is on the property.
Zoned for County/Mobile Home/Residential use, the property is located in the center of Crestview, positioned for convenient access to nearby services including Publix, Bob Sikes Airport, and Downtown Crestview. The listing also notes an approximately 30-minute drive to Eglin AFB.
The combination of a ready-to-build lot, existing onsite utilities readiness, and an on-property steel workshop makes the site well suited for buyers looking for a practical, flexible configuration.
Zoned for County/Mobile Home/Residential use, the property is located in the center of Crestview, positioned for convenient access to nearby services including Publix, Bob Sikes Airport, and Downtown Crestview. The listing also notes an approximately 30-minute drive to Eglin AFB.
The combination of a ready-to-build lot, existing onsite utilities readiness, and an on-property steel workshop makes the site well suited for buyers looking for a practical, flexible configuration.
Key Highlights
- .30‑acre vacant lot in the center of Crestview that is cleared and fully fenced
- Includes a 24x25 steel building on a concrete foundation with two roll‑up doors and a walk‑through door
- Previously had a mobile home; removal left infrastructure already in place
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 | $5.0k | $8.40 |
| − Vacancy | −$242 | −$0.40 |
| EGI | $4.8k | $8.00 |
| − OpEx | −$720 | −$1.20 |
| NOI | $4.1k | $6.80 |
600 SF · lease $8.40/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$58.3K
$51.0K – $68.0K
NOI $4,078 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$231.2K
$202.3K – $269.8K
NOI $16,185 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - Cleared, fully fenced lot with a 24x25 steel building on a concrete foundation, including roll-up doors and walk-through entry.
Where is this residential land & home lot located?
The property is located at 5509 Cone Drive Crestview, FL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: .30‑acre vacant lot in the center of Crestview that is cleared and fully fenced; Includes a 24x25 steel building on a concrete foundation with two roll‑up doors and a walk‑through door; Previously had a mobile home; removal left infrastructure already in place
