Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Keaton Beach Acreage Opportunity Title is generated by Realmo AI

    Reed Drive, Perry, FL 32348

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Keaton Beach, FL

    Lot size:
    1.04 Acres
    Added:
    May 29, 2025
    Days on Market:
    356
    Last Refresh:
    May 19 at 8:06 am

    Property Features for Reed Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    Lot size
    1.04 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Abbi Cope
    Abbi Cope

    Listing agent Abbi Cope License #3546418

    Listing office Amy Cope Southern Properties, 530 N Jefferson St, Perry, FL

    Listing date May 29, 2025

    MLS# 386560 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

    • Large 1‑acre parcel, offering ample space.
    • Located within 7 miles of the Gulf.
    • Mobile homes or site‑built homes are allowed, offering flexibility.
    • Located in a quiet subdivision.
    • County‑maintained road access.
    • Suitable for full‑time residence or recreational use (fishing/hunting).

    Overview

    This one-acre parcel is located within 7 miles of the Gulf of Mexico in Keaton Beach, Florida. Situated in the Gulf Highlands Subdivision, the property allows for mobile homes or site-built homes. The subdivision is located a short distance down a county-maintained road. With the installation of a well, septic system, and power, the land offers the potential for a full-time residence or a low-maintenance fishing and hunting retreat.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Perry
    County
    Taylor
    State
    Florida
    Longitude
    -83.600169
    Latitude
    29.896904

    Nearby Similar for Sale

    • $650,000
      9,500 SF

      Redevelopment Opportunity Near Keaton Beach

      9,500 sq. ft. shell on 8+ acres near Keaton Beach.
      21070 Beach Rd, Perry, FL 32348
      View Details
    • $460,000
      3,750 SF

      Turnkey 8-Unit Apartment Complex

      Fully occupied apartment complex with steady income near hospital and shopping.
      808 Main St., Perry, FL 32347
      View Details
    • $195,000
      5,466 SF

      Commercial Building on Three Acres

      Open span metal building near town ready for custom build-out.
      2016 US 221 N, Perry, FL 32347
      View Details
    • $750,000

      Cleared Land Near Keaton Beach

      5-acre cleared parcel suitable for residential or commercial development.
      Beach Rd, Perry, FL 32348
      View Details
    • $595,000
      2,125 SF

      Perry, FL Commercial Building

      Commercial building for sale in a high-traffic Perry location.
      2275 S Byron Butler Parkway, Perry, FL 32348
      View Details
    • $1,000
      2,500 SF

      Downtown Perry Commercial Building For Lease

      Commercial building in historic downtown Perry available for lease.
      121 S Jefferson Street, Perry, FL 32347
      View Details
    • $99,000

      Perry, FL Commercial Property

      Commercial property with high visibility highway frontage in Perry, Florida.
      705 S BYRON BUTLER Parkway, Perry, FL 32347
      View Details
    • $295,000

      Turn-Key Professional Office Space

      Move-in ready office in Perry's medical and professional corridor.
      423 E Ash Street, Perry, FL 32347
      View Details
    • $175,000
      2,146 SF

      Triangular Duplex Investment Opportunity

      Income-producing duplex with mixed-use zoning near shopping and hospital.
      804 Green, Perry, FL 32347
      View Details
    • $79,000

      Keaton Beach Ridge Vacant Lot

      0.69-acre lot in gated Keaton Beach Ridge community.
      239 Leslie Lane, Perry, FL 32348
      View Details
    • $65,000

      Cleared Acreage Near Keaton Beach

      One acre lot near Keaton Beach, Florida, ideal for building.
      Royal Oak Dr, Perry, FL 32348
      View Details
    • $199,900

      Land with Pole Barns

      Land with two pole barns and RV hookups near Keaton Beach.
      20357 Spoonbill Rd., Perry, FL 32348
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - One acre parcel near the Gulf in Keaton Beach, Florida.
    Where is this residential land & home lot located?
    The property is located at Reed Drive Perry, FL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Large 1‑acre parcel, offering ample space.; Located within 7 miles of the Gulf.; Mobile homes or site‑built homes are allowed, offering flexibility.
    (850) 295-3323
    We can help!
    Listing Contact
    Abbi Cope
    Abbi Cope
    Real Estate License ID: 3546418
    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
    Reed Drive, Keaton Beach, FL 32348
    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!