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    Jesse Allen Rd Milton, FL 32570

    For Sale
    $3,611,000

    Prime development opportunity near military bases.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 157-acre property in Milton, Florida, presents a unique investment opportunity for farmers, builders, and investors. Located in Santa Rosa County, the land is zoned AG-RR Rural Residential Agriculture and offers a sale/leaseback option with a $200/acre leaseback income from the seller. The property boasts a cleared and level landscape, ideal for immediate development. Features include an irrigation system, making it suitable for agricultural use, and over 2,200 feet of paved road frontage along Jesse Allen Road, with convenient access to Highway 87. Its proximity to Whiting Naval Air Station (one mile) and Point Baker Air Force Base (four miles) makes it particularly attractive for housing development targeting military families. The property's dimensions are approximately 2227x525x420x2117x2663x2650 feet. The asking price is $3,611,000, or $18,000 per acre. Parcel numbers are 283N280000003040000

    Property Features for 0 Jesse Allen Rd

    General Information

    Property type
    Farms
    Lot Size
    6,838,920 SF

    HighLights

    • Sale/Leaseback option available with $200/acre leaseback income.
    • 2,227 feet of paved road frontage on Jesse Allen Road, providing easy access to Highway 87.
    • 157‑acre parcel is cleared and level, ready for immediate development.
    • Lot dimensions approximately 2227x525x420x2117x2663x2650 feet.
    • Zoned AG‑RR (Rural Residential Agriculture).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.055304890991
    Latitude
    30.748411452952

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    FAQs

    What type of property is this?
    Farm - Prime development opportunity near military bases.
    Where is this farm located?
    The property is located at Jesse Allen Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $3,611,000.
    What are key features of this property?
    This property features: Sale/Leaseback option available with $200/acre leaseback income.; 2,227 feet of paved road frontage on Jesse Allen Road, providing easy access to Highway 87.; 157-acre parcel is cleared and level, ready for immediate development.
    Request Owner's contact information
    Jesse Allen Rd Milton, FL 32570
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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
    Jesse Allen Rd Milton, FL 32570
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