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    2853 Airport Rd Crestview, FL 32539

    For Sale
    $1,650,000

    9.7-acre mixed-use lot, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 9.7-acre parcel of land, located at 2853 Airport Rd in Crestview, Florida (Okaloosa County, zip code 32539), presents a compelling investment opportunity. Currently zoned R1 (residential), the property offers significant potential for annexation or rezoning to C-1 Commercial or Mixed Use, catering to a wide range of development possibilities. The expansive lot boasts over 330 feet of paved road frontage, ensuring high visibility and accessibility. Its strategic location north of Crestview places it within easy reach of essential amenities, including local schools, a hospital, a Publix supermarket, diverse restaurants, and the Crestview Commons shopping center. Furthermore, its proximity to major transportation arteries—Highway 85, Highway 90, and Interstate 10—guarantees convenient commutes and efficient logistics. The property's APN is 33-4N-23-0000-0052-0000 and 33-4N-23-0000-0053-0000. This is a rare chance to acquire a substantial land holding in a rapidly growing area, poised for significant future appreciation. The asking price for this single-unit property is $1,650,000.

    Property Features for 2853 Airport Rd

    General Information

    Property type
    Land
    Lot Size
    422,532 SF

    Building Details

    Units
    1

    HighLights

    • 9.7‑acre parcel in Crestview, FL (Okaloosa County, 32539).
    • Currently zoned R1, with potential for C‑1 Commercial or Mixed Use rezoning.
    • Over 330 feet of paved road frontage on Airport Rd.
    • Excellent location near schools, hospital, Publix, restaurants, and Crestview Commons.
    • Convenient access to Highways 85 & 90, and I‑10.
    • APN: 33‑4N‑23‑0000‑0052‑0000 & 33‑4N‑23‑0000‑0053‑0000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5545622
    Latitude
    30.7950844

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    FAQs

    What type of property is this?
    Land - 9.7-acre mixed-use lot, excellent investment.
    Where is this land located?
    The property is located at 2853 Airport Rd Crestview, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 9.7-acre parcel in Crestview, FL (Okaloosa County, 32539).; Currently zoned R1, with potential for C-1 Commercial or Mixed Use rezoning.; Over 330 feet of paved road frontage on Airport Rd.
    Request Owner's contact information
    2853 Airport Rd Crestview, FL 32539
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    Crestview, FL 32539
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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
    2853 Airport Rd Crestview, FL 32539
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