Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23 Acres of Versatile Land Title is generated by Realmo AI

    Pleasant Hill Road lot 4 & 5, Bonifay, FL 32425

    View on Map
    Claim this Listing
    New
    For Sale
    $269,900

    LAND - Bonifay, FL

    Lot size:
    23.01 Acres
    Added:
    May 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 31 at 5:06 am

    Property Features for Pleasant Hill Road lot 4 & 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00000000-00-4521-0004 & 0005
    Lot size
    23.01 Acres

    Taxes and HOA fees

    Tax Description
    Long Legal, See Deed Under Documents

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Sheran Whitaker
    Sheran Whitaker

    Listing agent Sheran Whitaker License #3005728

    Listing office New Town Realty 4415 Moss Hill Rd, Vernon, FL

    Listing date May 27, 2026

    MLS# 790456 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.

    HighLights

    • 23.01 acres of land with a mix of pines and hardwoods, offering privacy and nature.
    • No restrictions, allowing for a homestead, mini‑farm, or private retreat.
    • 6 acres already cleared and de‑stumped, ready for building.
    • Conveniently located on a county‑maintained road with quick access to I‑10, schools, and amenities.
    • Close proximity to Holmes Creek for canoeing, diving, swimming, and fishing.
    • Short drive to Panama City Beach and the Emerald Coast.

    Overview

    This 23.01-acre property features a mix of pines and hardwoods, offering privacy and open space. With no restrictions, the land is suitable for a homestead, mini-farm, or private country retreat. Six acres have been cleared, providing a head start on building a home or establishing pastures. The remaining acreage offers a wooded backdrop and abundant wildlife. Located on a county-maintained road, the setting is rural while offering convenient access to I-10, nearby schools, and local amenities. Holmes Creek, known for canoeing, diving, swimming, and fishing, is nearby. Lucas Lake and other area lakes are also close by for boating and water skiing. Panama City Beach and the Emerald Coast are a short drive away, offering beaches, water activities, dining, shopping, and entertainment. The property is located in Bonifay, Florida, in Washington County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Clothing & Fashion Store Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.716413
    Latitude
    30.681314

    Nearby Similar for Sale

    • $750,000
      2,350 SF

      Versatile Commercial Property in Bonifay, FL

      High-traffic commercial property with flexible space and prime exposure.
      104 E Hwy 90, Bonifay, FL 32425
      View Details
    • $195,000

      Expansive Golf Course View Land

      3.9-acre parcel in golf community, ideal for development.
      Little John Lane, , FL 32425
      View Details
    • $1,150,000

      Expansive Land Near Bonifay, Florida

      223.5 acres in Washington County, ideal for development.
      Douglas Ferry Road, Bonifay, FL 32425
      View Details
    • $999,000

      Bonifay Commercial Land For Sale

      Corner parcel near I-10 and future truck stop.
      3045 Waukesha St., Bonifay, FL 32425
      View Details
    • $1,225,000
      5,288 SF

      Bonifay Commercial Building Investment Opportunity

      5,288 SF commercial building with redevelopment potential in Bonifay, FL.
      406 S Waukesha St, Bonifay, FL 32425
      View Details
    • $695,000

      Corner Commercial Land For Sale

      Corner lot on Hwy 79 in Bonifay, Florida.
      0000 N. Waukesha St., Bonifay, FL 32425
      View Details
    • $249,900
      3,530 SF

      Versatile Commercial Office Complex

      Handicap accessible, 2-unit commercial office complex near major highways.
      812 S Weeks Street, Bonifay, FL 32425
      View Details
    • $695,000

      Bonifay, FL Vacant Land

      0.75 acre parcel at red-light corner available for sale.
      1115 N. Waukesha Street, Bonifay, FL 32425
      View Details
    • $185,000

      Bonifay Land with Pond

      24.35 acres with pond, cleared area, borders creek.
      JJ Whitaker Rd, Bonifay, FL 32425
      View Details
    • $100,000

      20 Acres of Recreational Land

      20-acre tract ideal for recreational peace and privacy.
      Truett Circle, Bonifay, FL 32425
      View Details
    • $239,000
      1,224 SF

      Bonifay Commercial Property Opportunity

      Commercial property in Bonifay, Florida, suitable for various business ventures.
      1719 S Waukesha Street, Bonifay, FL 32425
      View Details
    • $40,000

      Land in Dogwood Lake Estates

      Two non-contiguous lots totaling over half an acre.
      2724 Muir Lane, Bonifay, FL 32425
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Unrestricted 23-acre property near I-10, ideal for homesteading or recreation.
    Where is this agricultural land / farmland located?
    The property is located at Pleasant Hill Road lot 4 & 5 Bonifay, FL.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: 23.01 acres of land with a mix of pines and hardwoods, offering privacy and nature.; No restrictions, allowing for a homestead, mini‑farm, or private retreat.; **6 acres already cleared and de‑stumped, ready for building.**
    (850) 258-6429
    We can help!
    Listing Contact
    Sheran Whitaker
    Sheran Whitaker
    Real Estate License ID: 3005728
    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
    Pleasant Hill Road lot: 4 & 5, Bonifay, FL 32425
    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!