Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1719C Waukesha St Bonifay, FL 32425

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1719C Waukesha St Bonifay, FL 32425

    View on Map
    • Office properties & Spaces
    • 1,224 SF
    • 0.33 lot acres
    For Sale
    $189,900
    View Listing →
    Bonifay Office Building - Hwy 79S For Sale
    $189,900
    1,224 SF

    Bonifay Office Building - Hwy 79S

    Prime Bonifay Office Space, High Traffic Area

    Caryville, FL 32425
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1719C Waukesha St

    Year built
    1950
    Lot size
    0.33 lot acres
    Property size
    1,224 SF
    Property type
    Office properties & Spaces

    Description

    This 1,224 square foot office building is ideally situated on Waukesha Street (Hwy 79S) in Bonifay, Florida, offering excellent visibility and accessibility. The property sits on a 0.33-acre lot and presents a fantastic opportunity for a variety of businesses. The interior features an open area, two separate rooms, and a bathroom, providing flexibility for different layouts and operational needs. Previously utilized as a real estate office and currently operating as a beauty salon, this versatile space has proven its adaptability to various business models. Its location offers significant advantages, including convenient access to Panama City Beaches and Interstate 10, ensuring high traffic flow and exposure to a broad customer base. The building is situated in a busy commercial area, promising strong potential for growth and success. This property represents a compelling investment opportunity for entrepreneurs and businesses seeking a well-located, functional office space with ample potential. The asking price is $189,900. The property's versatility and prime location make it an attractive option for a wide range of commercial ventures. Don't miss this chance to establish your business in a thriving area with excellent connectivity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonifay
    County
    Holmes
    State
    Florida
    Longitude
    -85.6838
    Latitude
    30.7744

    Comparable in this City

    • Value Estimation by Request
      1,716 SF

      Harvey Etherdge Rd

      OFFICE (GENERAL) • 1,716 SF
      Harvey Etherdge Rd, Bonifay, FL 32425
      View Details
    • Value Estimation by Request
      1,924 SF

      402 Waukesha St

      Office properties & Spaces • 1,924 SF
      402 Waukesha St, Bonifay, FL 32425
      View Details
    • Value Estimation by Request
      2,381 SF

      1108 Waukesha St

      OFFICE (GENERAL) • 2,381 SF
      1108 Waukesha St, Bonifay, FL 32425-1406
      View Details
    • Value Estimation by Request
      1,394 SF

      311 Hwy 90

      OFFICE (GENERAL) • 1,394 SF
      311 Hwy 90, Bonifay, FL 32425
      View Details
    • Value Estimation by Request
      4,250 SF

      116 Pennsylvania Ave

      OFFICE (GENERAL) • 4,250 SF
      116 Pennsylvania Ave, Bonifay, FL 32425
      View Details
    • Value Estimation by Request
      960 SF

      1719th S Waukesha St

      OFFICE (GENERAL) • 960 SF
      1719th S Waukesha St, Bonifay, FL 32425-3113
      View Details

    Similar Nearby for Sale

    • $189,900
      1,224 SF

      Bonifay Office Building - Hwy 79S

      Prime Bonifay Office Space, High Traffic Area
      1719C Waukesha St, Bonifay, FL 32425
      View Details
    • $189,900
      1,224 SF

      Bonifay Office Building - $189,900

      Prime Bonifay Office Space, 1224 sq ft
      1719C Waukesha St, Bonifay, FL 32425
      View Details
    • $249,900
      3,530 SF

      Versatile Commercial Office Complex

      Handicap accessible, 2-unit commercial office complex near major highways.
      812 S Weeks St, Bonifay, FL 32425
      View Details
    • Contact for pricing
      3,530 SF

      Versatile Commercial Office Complex

      Handicap accessible, two-unit commercial office complex near major highways.
      812 S Weeks St, Bonifay, FL 32425
      View Details
    • $1,225,000

      Bonifay Commercial Building Investment Opportunity

      5,288 SF commercial building with redevelopment potential in Bonifay, FL.
      406 S Waukesha St, Bonifay, FL 32425
      View Details
    • Contact for pricing
      0.77 Acres

      Wooded Lot Near Golf Course

      0.77 acre wooded lot near golf, fishing, and amenities.
      24 Remington Pl, Bonifay, FL 32425
      View Details
    View Listing
    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.
    1719C Waukesha St
    Bonifay, FL 32425
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!