497 St Johns Rd Bonifay, FL 32425
This exceptional industrial property, located at 497 St. Johns Road in Bonifay, Florida, presents a compelling investment opportunity. The 2.6-acre lot houses a warehouse building constructed in 1982, offering excellent visibility and accessibility due to its prime location just off Highway 79 and with Interstate 10 exposure. Currently fully leased, the property offers immediate cash flow, although two of the three tenants will be vacating within 60 days. The remaining tenant's lease extends until December 31, 2020. This presents a unique chance for an investor to acquire a well-situated warehouse in a high-traffic area, with the potential for immediate lease-up of the soon-to-be-vacant spaces. The asking price for this property is $1,750,000. The property's location in Holmes County, Florida, provides easy access to major transportation routes, making it an ideal location for various industrial businesses. The building's size and layout offer flexibility for a variety of uses, making it an attractive investment for both short-term and long-term growth. This is a rare opportunity to acquire a well-positioned commercial property in a growing market.
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.