Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Crestview Commercial Land Opportunity Title is generated by Realmo AI

    62 Acre Brookemade Drive, Crestview, FL 32539

    View on Map
    Claim this Listing
    For Sale
    $375,000

    Vacant land ideal for development near medical and retail.

    Type:Commercial
    Lot size:
    0.62 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    324
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 62 Acre Brookemade Drive

    General Information

    Standard status
    Active
    Lot size
    0.62 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    TOMASZ A BIELENIN
    TOMASZ A BIELENIN

    Listing agent TOMASZ A BIELENIN License #3253005

    Listing office RE/MAX AGENCY ONE

    Listing date Jul 14, 2025

    Source Corcoran

    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 RE/MAX AGENCY ONE

    HighLights

    • Prime location in the heart of Crestview, near medical facilities, shopping centers, and residential areas.
    • Potential for free annexation into the City of Crestview.
    • Preferred C‑1 zoning upon annexation allows for diverse commercial uses and multifamily development (up to 25 units per acre).
    • Ideal for medical offices, retail shops, or professional services.
    • High visibility and central location.
    • Sewer access available nearby.

    Overview

    This vacant land parcel presents a commercial development opportunity. The property is suitable for medical offices, retail shops, or professional services. It is located minutes from North Okaloosa Medical Center, established doctors' offices, subdivisions, and major shopping centers, in an active and accessible area of Crestview. Situated within a county enclave surrounded by the city, annexation into the City of Crestview is currently free. Upon annexation, preferred C-1 zoning allows for low-intensity commercial uses and multifamily development up to 25 units per acre. Sewer access is available nearby on Brookmeade Drive (west side); connection would require boring under the road. The property offers high visibility and a central location. The lot size is approximately 0.62 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5389
    Latitude
    30.7891

    Nearby Similar for Sale

    • $437,000

      Crestview Land with Private Ponds

      7.06 acres with ponds, power, and water in Crestview.
      3421 Airport Road, Crestview, FL 32539
      View Details
    • $215,000

      Crestview Land on Highway 85

      Five acres with residential and commercial potential in Crestview, FL.
      6388 Highway 85 N, Crestview, FL 32536
      View Details
    • $720,000
      2,834 SF

      New Duplex Investment Opportunity

      New construction duplex in Crestview, expected completion June 2026.
      161 S Booker Street, Crestview, FL 32536
      View Details
    • $795,000
      4,080 SF

      High-Visibility Commercial Property on Hwy 85

      Versatile commercial property with income potential in prime location.
      641 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $69,000

      Crestview Land Development Opportunity

      0.2-acre parcel suitable for townhomes or single-family homes.
      450 S Savage Street lot: 11, Crestview, FL 32536
      View Details
    • $69,000

      Crestview Land Development Opportunity

      0.2-acre parcel suitable for townhomes or single-family homes.
      450 S Savage Street lot: 12, Crestview, FL 32536
      View Details
    • $269,900

      Crestview Land with Homesite

      8.83-acre property with homesite near Crestview, Florida.
      Bear Head Road, Crestview, FL 32539
      View Details
    • $39,900

      Cleared Lot in Crestview, FL

      0.24-acre cleared lot ready for building or manufactured home.
      4716 Canary Way, Crestview, FL 32539
      View Details
    • $579,900
      6,600 SF

      Commercial Warehouse Near Downtown Crestview

      6600 SF commercial warehouse with offices and open work areas.
      5450 Fairchild Road, Crestview, FL 32539
      View Details
    • $163,000

      Secluded Wooded Lot Near Shoal

      7.89 acre wooded lot bordered by Shoal River.
      Ryan Road, Crestview, FL 32539
      View Details
    • $39,900

      Cleared Lot in Crestview, FL

      Ready-to-build 0.24-acre lot with utilities in Crestview, Florida.
      4712 Canary Way, Crestview, FL 32539
      View Details
    • $150,000

      Ready-to-Build Crestview Land

      3.44-acre corner lot with utilities in place.
      4449 Yellow Bluff Road, Crestview, FL 32539
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land ideal for development near medical and retail.
    Where is this land located?
    The property is located at 62 Acre Brookemade Drive Crestview, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Prime location in the heart of Crestview, near medical facilities, shopping centers, and residential areas.; Potential for free annexation into the City of Crestview.; Preferred C‑1 zoning upon annexation allows for diverse commercial uses and multifamily development (up to 25 units per acre).
    (850) 682-8309
    We can help!
    Listing Contact
    TOMASZ A BIELENIN
    TOMASZ A BIELENIN
    Real Estate License ID: 3253005
    Learn More
    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
    .62 Acre Brookemade Drive, Crestview, FL 32539
    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!