Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acre Lot in Gadsden County Title is generated by Realmo AI

    M L King Blvd, Midway, FL 32343

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Acre lot ideal for gas station, hotel, or bank.

    Type:Retail
    Lot size:
    1.00 Acre
    Added:
    Oct 16, 2023
    Days on Market:
    964
    Last Refresh:
    May 12 at 8:49 pm

    Property Features for M L King Blvd

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Retail

    We can help!

    Listing Contact
    Clark Smith

    Listing agent Clark Smith License #FL CQ1008792

    Listing office TLG Real Estate Services

    Listing date Oct 16, 2023

    Source Crexi

    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 TLG Real Estate Services

    HighLights

    • Prime 1+/- acre lot ideal for gas station, hotel, or bank
    • High‑traffic location at the intersection of Blue Star HWY and Martin Luther King Blvd.
    • Close proximity to I‑10 for easy access
    • Surrounded by established businesses like Dollar General, Camping World, and Sunoco Gas Station
    • Near Midway City Hall and Police Department
    • Located near residential neighborhoods

    Overview

    This 1+/- acre lot is available for sale in Gadsden County, situated at the intersection of Blue Star Highway and Martin Luther King Boulevard. The location is suitable for a gas station, hotel, or bank. Its proximity to I-10, Dollar General, and Camping World enhances its accessibility. The surrounding area includes a Sunoco Gas Station, Midway City Hall, and the Midway Police Department. Several residential neighborhoods are located to the east of the lot. The property is located at the intersection of Blue Star Highway and M. L. King Boulevard in Midway, Florida, within Gadsden County. Leon County is approximately a 5 1/2 mile drive from Midway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Midway
    County
    Gadsden
    State
    Florida
    Longitude
    -84.457537
    Latitude
    30.501125

    Nearby Similar for Sale

    • $2,950,000
      3,200 SF

      Retail/Warehouse Flex Space Available

      3,200 SF flex space in 10/90 Industrial Park.
      301 Commerce Blvd, Midway, FL
      View Details
    • $972,400
      11 SF

      Large Industrial Land Parcel

      11.44 acre industrial land available for sale.
      Fortune Boulevard , Midway, FL 32343
      View Details
    • $530,400
      6 SF

      Commerce Park Land For Sale

      6.63 acre commercial land in Midway's 10-90 Commerce Park.
      Commerce Blvd, Midway, FL 32343
      View Details
    • $4,969,750
      62 SF

      Industrial Land in Hammock Creek

      62.57 acres of industrial land for sale near I-10.
      River Birch Road, Midway, FL 32343
      View Details
    • $37,999

      Land For Sale Midway, FL

      Land available in Midway, Florida.
      380 SUMPTER RIDGE ROAD, MIDWAY, FL 32343
      View Details
    • $14,500

      Residential Lot in Midway, FL

      0.25-acre lot in Midway, near Tallahassee.
      17 Pine bark Lane, Midway, FL 32343
      View Details
    • $45,000

      Residential Lot in Midway, FL

      0.45-acre lot with city water, septic, and electricity.
      8873 Highbridge Road, Midway, FL 32343
      View Details
    • $14,500

      Residential Lot in Midway, FL

      0.25-acre lot in Midway, near Tallahassee, Florida.
      25 Pine Bark Lane, Midway, FL 32343
      View Details
    • $30,000

      Midway, FL Buildable Acre Lot

      One-acre lot suitable for single-family residence with convenient access.
      Blue Star Highway, Midway, FL 32343
      View Details
    • $199,000
      1 SF

      Midway Outparcel at Flying J

      1.14 acre outparcel with I-10 visibility at Flying J.
      Blue Star Highway (Outparcel) to Flying J Travel Plaza, Midway, FL 32343
      View Details
    • $16,990

      Land Parcel For Sale

      Land parcel available for purchase.
      17 Pine Bark Lane, Midway, FL 32343
      View Details
    • $60,000

      2.36 Acre Wooded Lot

      2.36 acre wooded lot for sale in Midway, Florida.
      Central Road, Midway, FL 32343
      View Details

    FAQs

    What type of property is this?
    Commercial land - Acre lot ideal for gas station, hotel, or bank.
    Where is this commercial land located?
    The property is located at M L King Blvd Midway, FL.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Prime 1+/- acre lot ideal for gas station, hotel, or bank; High‑traffic location at the intersection of Blue Star HWY and Martin Luther King Blvd.; Close proximity to I‑10 for easy access
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clark Smith
    Real Estate License ID: FL CQ1008792
    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
    M L King Blvd, Midway, FL 32343
    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!