393 Hwy, Crestview, FL 32539
This expansive 598-acre property presents a unique investment opportunity in the desirable Dorcus/Deerland area of Crestview, Florida. Located conveniently near the Okaloosa and Walton County line, approximately six miles north of Highway 90, this land offers unparalleled potential for agricultural pursuits or recreational activities. The property comprises five contiguous parcels, providing flexibility and scalability for various development plans. Its strategic location along County Highway 393 ensures excellent accessibility and visibility. The asking price for this substantial landholding is $15,000,000. Ideal for large-scale farming operations, hunting preserves, or a combination of both, this property boasts a significant acreage and prime location. The land's zoning and potential uses should be independently verified. Detailed surveys and environmental reports are available upon request. This is a rare opportunity to acquire a substantial tract of land in a rapidly developing region of Florida, offering both immediate and long-term investment potential. The property's size and location make it an attractive proposition for discerning buyers seeking a significant land investment in Northwest Florida. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.