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    Yulee Land Ready for Development Title is generated by Realmo AI

    96067 CHESTER ROAD, Yulee, FL 32097

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    Picture of Commercial land at 96067 CHESTER ROAD, Yulee, FL
    For Sale
    $11,200,000

    Land - YULEE, FL

    Lot size:
    24.81 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    247
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 96067 CHESTER ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RG-2
    Standard status
    Active
    APN
    37-2N-27-0000-0001-0100
    Lot size
    24.81 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    105300.1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Allen

    Listing agent Mark Allen License #3246800

    Listing office COMMERCIAL REAL ESTATE PROF IN 1600 E Amelia St, Orlando, FL

    Listing date Sep 30, 2025

    MLS# O6348464 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 16‑acre multi‑family development site in high‑growth Yulee, Florida
    • Approved for up to 400 units (25 units per acre)
    • Fully graded site with retention pond, ready for construction
    • Sewer and water available; de‑mucked and cleared
    • Located on Chester Road, a future major artery and evacuation route, with frontage on Pages Dairy Road and access from Courtney Isles Way; near retail and dining
    • Mitigation credits purchased (reimbursement to seller at closing)

    Overview

    This 24.81-acre site in Yulee, Florida, is available for immediate sale. The property is fully graded with a retention pond, making it ready for construction. Approved for up to 400 multifamily units, at 25 units per acre, this site is positioned in a high-growth area with over 20,000 new homes planned. The site has been de-mucked and cleared, and topographic information is available. Signage opportunities exist on Chester Road. Sewer and water services are accessible on-site. Access is provided via Courtney Isles Way. The location benefits from its proximity to established retail and service providers, situated directly behind a Home Depot and Target shopping center, and close to Publix, JOANN’s, Kohl’s, Chili’s, Starbucks, Whataburger, and a movie theater. The property is located next to Courtney Isles Apartments. The site is located on Chester Road, an upcoming major artery and future evacuation route, with additional frontage on Pages Dairy Road and Courtney Isles Way. Mitigation credits have been purchased.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Yulee
    County
    Nassau
    State
    Florida
    Longitude
    -81.548883
    Latitude
    30.631722

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    FAQs

    What type of property is this?
    Commercial land - 24.81 acres for multifamily development in high-growth Yulee, Florida.
    Where is this commercial land located?
    The property is located at 96067 CHESTER ROAD Yulee, FL.
    What is the asking price?
    The asking price for this property is $11,200,000.
    What are key features of this property?
    This property features: Prime 16‑acre multi‑family development site in high‑growth Yulee, Florida; Approved for up to 400 units (25 units per acre); Fully graded site with retention pond, ready for construction
    (321) 689-8000
    We can help!
    Listing Contact
    Mark Allen
    Real Estate License ID: 3246800
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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
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