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3833 Kyensville Rd Marianna, FL 32448
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For Lease
$0.22 SF/Yr
10-Acre Commercial Development Site
Lot size:
435,600 SF
Description
Added:
Dec 11, 2024
Days on Market:
408
This exceptional 10-acre commercial land parcel, located at 3833 Kyensville Road in Northwest Florida, presents a remarkable opportunity for development. Situated at Exit 136 of Interstate 10, this property boasts approximately 599 feet of frontage on State Road 276, with additional road access on two other sides. The site is strategically positioned to benefit from high daily traffic counts of approximately 5800 vehicles, making it ideal for a variety of commercial uses. Currently zoned for multiple uses, including single-tenant retail, multi-tenant retail strips, and quick-service/fast-casual restaurants, the possibilities are extensive. Other potential uses include gas stations, warehousing, industrial facilities, hotels, and travel centers. The property is largely cleared and high and dry, with utilities such as natural gas, water, and sewer readily available nearby. The surrounding area is experiencing significant residential and commercial growth, ensuring a robust and expanding customer base. This prime location offers convenient access to major transportation arteries, including US Highway 231 (leading to Panama City, 65 miles south, and Dothan, Alabama, 60 miles north), Atlanta, Georgia (approximately 244 miles), and Orlando, Florida (approximately 320 miles). The property is also available for sale (MLS #746301). This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly developing area with excellent visibility and accessibility. The total land area is approximately 435,600 square feet. APN: 18-4N-10-0000-0050-0050.
Property Features for 3833 Kyensville Rd
General Information
Property type
Land
Lease Type
Gross Lease
RSF (Rentable sq. ft)
435,600 SF
Unit(s) available at that property
Space
Size
435,600 SF
Rate per SF
$0.22
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Listing Contact
Dharitri [Dee] Dalal
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HighLights
10‑acre commercial land parcel available for ground lease or sale (MLS #746301).
Zoned for various uses including single‑tenant retail, multi‑tenant retail, and quick‑service restaurants.
High‑traffic location at I‑10 Exit 136 in Northwest Florida, with approximately 5800 daily vehicles passing.
599+ ft frontage on State Road 276, plus access roads on two other sides.
Utilities (natural gas, water, sewer) available nearby; mostly cleared and high and dry.
The property is located at 3833 Kyensville Rd Marianna, FL.
What is the lease rate?
The lease rate is $0.22 SF/Yr.
What are key features of this property?
This property features: 10-acre commercial land parcel available for ground lease or sale (MLS #746301).; Zoned for various uses including single-tenant retail, multi-tenant retail, and quick-service restaurants.; High-traffic location at I-10 Exit 136 in Northwest Florida, with approximately 5800 daily vehicles passing.
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3833 Kyensville Rd Marianna, FL 32448
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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
3833 Kyensville Rd Marianna, FL 32448
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3833 Kyensville Rd, Marianna, FL
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3833 Kyensville Rd, Marianna, FL
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3833 Kyensville Rd, Marianna, FL
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3833 Kyensville Rd, Marianna, FL
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