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    Hwy 285 & College Blvd Niceville, FL 32578

    For Lease
    $1.12 SF/Yr

    8.7-acre commercial parcel, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8.7-acre parcel presents a unique investment opportunity situated at the highly visible southeast corner of Highway 285 and College Boulevard. Its strategic location near the entrance to the Swift Creek Community at Winding Waters Way ensures high traffic visibility and accessibility. Currently zoned C-1, this property offers significant potential for a variety of development options. The seller is willing to subdivide the land to accommodate specific project needs. The list price is $49,000 per acre annually. A comprehensive analysis suggests that the highest and best use for this property includes retail, office, mixed-use, or multi-family development, making it an attractive prospect for developers seeking a prime location with substantial growth potential. The property's size and zoning provide flexibility for a wide range of commercial ventures. The parcel's APN is 05-1S-22-256A-0002-0010 and is located in Okaloosa County. This is a single-tenant property ideal for those seeking a prominent location for their business or investment portfolio. Don't miss this chance to acquire a strategically located commercial land parcel with exceptional development potential.

    Property Features for 0 Hwy 285 & College Blvd

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Rate per SF
    $1.12

    HighLights

    • 8.7‑acre parcel in Okaloosa County.
    • Zoned C‑1.
    • Located at the SE corner of Hwy 285 & College Blvd, near Swift Creek Community.
    • List price: $49,000/acre annually.
    • Will subdivide.
    • Suitable for retail, office, mixed‑use, or multi‑family development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Niceville
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.4582774
    Latitude
    30.5344078

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    FAQs

    What type of property is this?
    Specialty property - 8.7-acre commercial parcel, prime location.
    Where is this specialty property located?
    The property is located at Hwy 285 & College Blvd Niceville, FL.
    What is the lease rate?
    The lease rate is $1.12 SF/Yr.
    What are key features of this property?
    This property features: 8.7-acre parcel in Okaloosa County.; Zoned C-1.; Located at the SE corner of Hwy 285 & College Blvd, near Swift Creek Community.
    Request Owner's contact information
    Hwy 285 & College Blvd Niceville, FL 32578
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    Niceville, FL 32578
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    Realmo Value Estimation

    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.

    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.

    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
    Hwy 285 & College Blvd Niceville, FL 32578
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