Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ochlockonee Bay Land For Sale Title is generated by Realmo AI

    Pelican Way lot 26, Ochlockonee Bay, FL 32346

    View on Map
    Claim this Listing
    For Sale
    $53,000

    LAND - Ochlockonee Bay, FL

    Lot size:
    1.81 Acres
    Added:
    May 18, 2026
    Days on Market:
    13
    Last Refresh:
    May 30 at 10:06 pm

    Property Features for Pelican Way lot 26

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    12129-03-6S-02W-315-03696-026
    Lot size
    1.81 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Mary Applegate

    Listing agent Mary Applegate License #3130887

    Listing office Waypoint Properties FL

    Listing date May 18, 2026

    MLS# 400103 Listing URL

    Copyright © 2026 Tallahassee Board 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

    • No HOA fees.
    • Utilities in place: city water & sewer, internet.
    • Close to boat ramps with Bay & Gulf access.
    • County maintained roads.
    • Walking distance to bike & walking path, restaurants, stores and Mashes Sand Beach.
    • Great investment or future homesite.

    Overview

    This 1.81-acre lot, identified as Lot 26 in the Silver Glen subdivision, presents an opportunity to build a dream home near the coast in Ochlockonee Bay, Florida. The property is equipped with utilities, including internet, city water, and sewer. The roads are maintained by the county, and there is no Homeowners Association. The location provides convenient access to several boat ramps, offering access to the Bay and Gulf. A bike and walking path is within walking distance, and restaurants, stores, and Mashes Sand Beach are accessible by golf cart. This lot is suitable as an investment or future homesite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ochlockonee Bay
    County
    Wakulla
    State
    Florida
    Longitude
    -84.419357
    Latitude
    29.990423

    Nearby Similar for Sale

    • $89,000

      Ochlockonee Bay Vacant Lot

      Vacant lot near Ochlockonee Bay with utilities in place.
      Pelican Way lot: 25, Ochlockonee Bay, FL 32446
      View Details
    • $85,000

      Ochlockonee Bay Vacant Lot

      Vacant lot near Ochlockonee Bay with utilities in place.
      Pelican Way lot: 27, Ochlockonee Bay, FL 32346
      View Details
    • $999,000
      1,176 SF

      Waterfront Commercial Land on Alligator Point

      2.18 acre waterfront commercial parcel with office and dock.
      127 Harbor Cir, ALLIGATOR POINT, FL, 32346-5131
      View Details
    • $69,000

      Ochlockonee Bay Vacant Lot

      1.16 acre vacant lot near Ochlockonee Bay, Florida.
      Ramsey Way lot: 5, Ochlockonee Bay, FL 32346
      View Details
    • $30,000

      Ochlockonee Bay Land For Sale

      Residential land near water, ideal for building a home.
      Surf Road lot: 8, Ochlockonee Bay, FL 32346
      View Details
    • $30,000

      Ochlockonee Bay Land For Sale

      Residential land near water, ideal for building a home.
      Surf Road lot: 9, Ochlockonee Bay, FL 32346
      View Details
    • $29,000

      Ochlockonee Bay Waterfront Wet Slip

      Wet slip with direct Gulf access and included utilities.
      4D Mashes Sands Road, Ochlockonee Bay, FL 32346
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near the coast with utilities and no HOA.
    Where is this residential land & home lot located?
    The property is located at Pelican Way lot 26 Ochlockonee Bay, FL.
    What is the asking price?
    The asking price for this property is $53,000.
    What are key features of this property?
    This property features: No HOA fees.; Utilities in place: city water & sewer, internet.; Close to boat ramps with Bay & Gulf access.
    (850) 321-4170
    We can help!
    Listing Contact
    Mary Applegate
    Real Estate License ID: 3130887
    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
    Pelican Way lot: 26, Ochlockonee Bay, FL 32346
    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!