Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Warehouse with Expansion Land Title is generated by Realmo AI

    824 Mary Helen Drive, Chipley, FL 32428

    View on Map
    Claim this Listing
    For Lease
    $18,407/Mo $5 SF/Yr (calc)

    33,983 SF warehouse with expansion land in Chipley, FL.

    Type:Commercial
    Property size:
    40,736 SF
    Lot size:
    7.66 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 1 at 8:51 pm

    Property Features for 824 Mary Helen Drive

    General Information

    Standard status
    Active
    Size
    40,736 SF
    Lot size
    7.66 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    DAVID BOATWRIGHT
    DAVID BOATWRIGHT

    Listing agent DAVID BOATWRIGHT License ##3185347

    Listing office SVN RIVIERA COMMERCIAL

    Listing date Mar 24, 2026

    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 SVN RIVIERA COMMERCIAL

    HighLights

    • Immediate access to Highway 77 and Interstate 10
    • ±33,983 SF industrial warehouse suitable for distribution, manufacturing, storage, or logistics.
    • ±7.66 acres of additional land included for expansion
    • Two grade‑level roll‑up doors with drive‑through capability and one dock‑high loading position
    • 600 Amp, 3‑phase heavy power and full fire suppression system
    • 20' clear ceiling height and solid concrete flooring

    Overview

    Available in July 2026, this industrial warehouse in Chipley, FL, offers approximately 33,983 square feet, including approximately 32,000 square feet of warehouse space and approximately 1,983 square feet of office space. The warehouse features a 20' clear ceiling height, solid concrete flooring, and a full fire suppression system. It is equipped with two grade-level roll-up doors providing a drive-through configuration, and one dock-high loading position with a truck well. The property has 600 Amp, 3-phase heavy power suitable for industrial operations. Constructed in 2007, the property is positioned on a large site of approximately 7.66 acres, allowing full truck circulation around the building and offering additional land for expansion, laydown yard, or build-to-suit opportunities. The drive-through configuration supports efficient loading, unloading, and operational flow. The location provides immediate access to Highway 77 and Interstate 10, centrally located within the Northwest Florida Panhandle, offering a strategic position for regional distribution across Florida, Alabama, and Georgia. The property is ideal for distribution, manufacturing, storage, or logistics users, as well as contractor yards or service-based operations.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.5218737
    Latitude
    30.7671343

    Nearby Similar for Lease

    • $2,500/Mo
      52,240 SF

      Office Space in Industrial Park

      Office space for rent with multiple rooms and amenities.
      963 Industrial Drive, Chipley, FL 32428
      View Details
    • $750/Mo

      Warehouse Space in Industrial Park

      Commercial warehouse space for rent with easy highway access.
      942 Industrial Drive #C, Chipley, FL 32428
      View Details
    • $12 SF/Yr
      16,173 SF

      Retail Space in Chipley, Florida

      Retail property available for lease in Chipley, Florida.
      1610 Main St, Chipley, FL
      View Details
    • $12 SF/Yr
      47,192 SF

      Highway 77 Shopping Center Space

      47,192 SF shopping center on 8.79 acres available for rent.
      1610 Main St, Chipley, FL 32428
      View Details

    FAQs

    What type of property is this?
    Warehouse - 33,983 SF warehouse with expansion land in Chipley, FL.
    Where is this warehouse located?
    The property is located at 824 Mary Helen Drive Chipley, FL.
    What is the lease rate?
    The lease rate is $18,407 /Mo.
    What are key features of this property?
    This property features: Immediate access to Highway 77 and Interstate 10; ±33,983 SF industrial warehouse suitable for distribution, manufacturing, storage, or logistics.; ±7.66 acres of additional land included for expansion
    (888) 240-0499
    We can help!
    Listing Contact
    DAVID BOATWRIGHT
    DAVID BOATWRIGHT
    Real Estate License ID: #3185347
    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
    824 Mary Helen Drive, Chipley, FL 32428
    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!