Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Canal Drive Vernon, FL 32462

    View on Map
    Claim this Listing
    For Sale
    $96,000

    LAND - Vernon, FL

    Property size:
    1,500 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $64/SF
    Added:
    Jan 28, 2026
    Days on Market:
    94
    Last Refresh:
    May 2 at 11:06 pm

    Property Features for Canal Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    26-2S-18-15020-00D-0200
    Size
    1,500 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LONG DESC IN W2 OF SW4 AS RECD IN OR 158-253 BEING LOTS 20 & 21 BLK D STEEL FIELD S/D OR 2772-3363
    Tax Annual Amount
    241

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Lisa Felix

    Listing agent Lisa Felix License #3210845

    Listing office Full Sail Realty of NWFL 2131 St. Andrews Blvd, Panama City, FL

    Listing date Jan 28, 2026

    MLS# 784322 Listing URL

    Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse and Land in Vernon, FL

    This property features a lot with a 30 x 50 warehouse, located in Steelfield Fish Camp in Walton County, approximately 25 minutes from Pier Park off Hwy 79. The warehouse includes two 12ft roll-up doors and a concrete floor. The 0.28-acre lot is surrounded by heritage oak trees and grassy open spaces. The location provides access to the Choctawhatchee River and proximity to the InterCoastal waterway. The property is suited for recreational activities. Additional adjacent lots are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Vernon
    County
    Washington
    State
    Florida
    Longitude
    -86.025232
    Latitude
    30.373601

    Nearby Similar for Sale

    • $69,900

      Land Ready for Homesite

      3-acre homesite with cleared area, mature oaks, paved road.
      River Road, Vernon, FL 32462
      View Details
    • $2,940,860

      Vernon, FL Land Investment

      113.11 acres with highway frontage near Panama City Beach.
      Hightower Road, Vernon, FL 32462
      View Details
    • $449,900

      90 Acres of Farmland

      90+/- acres perfect for a family dream location!
      90 Acres Union Hill Road, Vernon, FL 32462
      View Details
    • $39,900

      Land For Sale in Vernon

      Two acre land parcel available in Vernon, Florida.
      3443 Ice Tea Road, Vernon, FL 32462
      View Details
    • $125,000

      Commercial Land on Main Street

      0.92 acres of commercial land in Vernon, Florida.
      Main Street, Vernon, FL 32462
      View Details
    • $88,000

      Waterfront Land in Vernon, Florida

      Waterfront lot ideal for weekend get-away or full-time escape.
      11554 Steel Field Road, Vernon, FL 32462
      View Details
    • $175,000

      20 Acres Wooded Land For Sale

      20-acre wooded lot with pond near Holmes Creek.
      3878 RIVER Road, Vernon, FL 32462
      View Details
    • $150,000

      Established Bait and Tackle Shop

      Bait shop with RV rental potential near natural spring.
      3055 Culpepper Lane, Vernon, FL 32462
      View Details
    • $600,000
      2,500 SF

      Secluded Homestead on 38 Acres

      Homestead on 38 acres with home and pole barn.
      3379 Acy Rd, Vernon, FL 32462
      View Details
    • $199,999

      Lakeside Land Parcel on Pate Lake

      73-acre land parcel with lake and road frontage.
      3199 Pate Pond Road, Vernon, FL 32462
      View Details
    • $125,000

      Land on Creek Run Road

      9.98-acre property in Vernon, FL, for custom home.
      Creek Run Road, Vernon, FL 32462
      View Details
    • $159,999

      Hicks Lake Waterfront Recreational Land

      7.77 acres with water frontage on Hicks Lake.
      Hicks Lake Lane lot: 19, Vernon, FL 32462
      View Details

    FAQs

    What type of property is this?
    Warehouse - Land with warehouse near Choctawhatchee River, great for recreation.
    Where is this warehouse located?
    The property is located at Canal Drive Vernon, FL.
    What is the asking price?
    The asking price for this property is $96,000.
    What are key features of this property?
    This property features: 30 x 50 warehouse featuring two 12ft roll‑up doors and a durable concrete floor.; Located in Steelfield Fish Camp, a peaceful NW Florida community with Choctawhatchee River access.; Enjoy close proximity to the InterCoastal waterway and hunting land.
    (850) 348-1673
    We can help!
    Listing Contact
    Lisa Felix
    Real Estate License ID: 3210845
    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

    Canal Drive, Vernon, FL 32462

    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!