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Property profile & analytics
OFF-MARKET
Land

5908 Houston Ln Crestview, FL 32539

28.92 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 28.92-acre commercial land parcel presents a significant investment opportunity in Crestview, Florida. Located at 5908 Houston Lane, this property offers unparalleled access and visibility due to its strategic location. Boasting 725 linear feet of frontage on Highway 85 North and over 1,500 linear feet along Houston Lane, the property enjoys excellent traffic flow and accessibility. The expansive lot wraps around the western, northern, and eastern sides, maximizing exposure and potential development options. Zoned for mixed-use development, this land is ideally suited for a variety of commercial ventures. Permitted uses include, but are not limited to, assisted living facilities, multi-family residential, medical offices, and commercial retail spaces. The property's size and location in a thriving growth area of Okaloosa County, Florida (zip code 32539), make it an attractive proposition for investors seeking high-return potential. The asking price for this prime commercial land is $5,400,000. Broker co-op is available. This is a rare opportunity to acquire a substantial tract of land with significant development potential in a rapidly growing Florida market. The property's unique configuration and high visibility make it an ideal location for a variety of commercial uses, promising strong returns on investment.

Property profile
Verified
Property type Land
Lot 28.92 ac (1,259,755 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Crestview Nurseries Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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