Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gulf Blvd Navarre, FL 32566

    Property Lookup

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

    Gulf Blvd Navarre, FL 32566

    View on Map
    • Commercial real estate
    • 0.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Gulf Blvd

    Lot size
    0.98 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.98-acre commercial property presents a rare investment opportunity in the highly desirable Navarre, Florida beachfront area, located on Gulf Boulevard. The expansive lot offers significant potential for a variety of commercial ventures, capitalizing on its prime location and high visibility. The property's size allows for substantial development, accommodating a large-scale project or multiple smaller businesses. Its beachfront proximity ensures high traffic and exposure to a large tourist population and local residents. The asking price of $3,500,000 reflects the significant value and potential return on investment this unique property offers. Given its location and size, this land is ideal for developers seeking to create a landmark commercial development in a thriving coastal community. The absence of existing structures provides a blank canvas for a custom-designed project, allowing for maximum flexibility and creativity in development plans. Serious inquiries are encouraged to explore the possibilities this exceptional beachfront commercial property presents. The property is zoned for commercial use, and interested parties should conduct their own due diligence to confirm zoning regulations and development possibilities. This is a truly unique opportunity to acquire a significant piece of prime commercial real estate in a highly sought-after location. Don't miss out on this chance to secure a valuable asset with exceptional growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9185
    Latitude
    30.3718

    Comparable in this City

    • Value Estimation by Request
      2.57 Acres

      9270 Navarre Pkwy

      Commercial real estate • 2.57 Acres
      9270 Navarre Pkwy, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      4.07 Acres

      1900 Owsley Rd

      Commercial real estate • 4.07 Acres
      1900 Owsley Rd, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      3.18 Acres

      2032 Fl-87

      Land • 3.18 Acres
      2032 Fl-87, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      0.89 Acres

      1983 87

      Commercial real estate • 0.89 Acres
      1983 87, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      0.60 Acres

      3761 Highway 87

      Commercial real estate • 0.60 Acres
      3761 Highway 87, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      0.92 Acres

      2275 Highway 87

      Commercial real estate • 0.92 Acres
      2275 Highway 87, Navarre, FL 32566
      View Details

    Similar Nearby for Sale

    • $625,000
      0.04 Acres

      Navarre Commercial Property Investment

      High-traffic location, multi-use potential.
      7552 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $399,000
      1.39 Acres

      Navarre Hwy 98 Commercial Land

      High-growth Navarre commercial lot. Prime Hwy 98 location.
      Xx Navarre Pkwy, Navarre, FL 32566
      View Details
    • $3,250,000
      4.07 Acres

      Navarre Commercial Land Opportunity

      Prime 4-acre commercial lot, excellent location.
      1900 Owsley Rd, Navarre, FL 32566
      View Details
    • $85,000
      0.28 Acres

      Navarre Commercial Land - US-98 Frontage

      Prime Commercial Lot, High Visibility, Near Gulf Breeze Zoo
      Navarre Pkwy, Navarre, FL 32566
      View Details
    • $1,645,000

      Navarre Commercial Property Investment

      Five-unit commercial building, prime Navarre location.
      5 Units Leahs Ln, Navarre, FL 32566
      View Details
    • $375,000
      0.71 Acres

      Prime Commercial Lot on Highway

      High visibility commercial lot in fast-growing Navarre area.
      2191 Fl-87, Navarre, FL 32566
      View Details

    Similar Nearby for Lease

    • $1.13 SF/Yr
      110,207 SF

      Navarre Parkway Commercial Land Lease

      Prime 2.54-acre lot, high-traffic location.
      9040 Navarre Parkway, Navarre, FL 32566
      View Details
    • $17 SF/Yr
      1,162 SF

      Navarre Retail Space For Lease

      Prime Navarre location, 1162 sq ft, NNN lease.
      8740 Ortega Park Dr, Navarre, FL 32566
      View Details
    • Contact for pricing

      Retail Space in New Development

      Retail space for lease in Wynnehaven Beach/Navarre, Florida.
      Navarre Pkwy Hwy 98, Navarre, FL 32566
      View Details
    • $15 SF/Yr
      5,761 SF

      Navarre Office Space For Rent

      Office space available for lease in Navarre, Florida.
      8888 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $1,000 /Mo
      19,602 SF

      Vacant Corner Lot For Rent

      Half acre corner lot with high visibility and secure fencing.
      2691 Salamanca St, Navarre, FL 32566
      View Details
    • $17 SF/Yr
      1,403 SF

      Navarre Office Suite - Prime Location

      1403 sq ft office, NNN lease, excellent visibility.
      8740 Ortega Park Dr, Navarre, FL 32566
      View Details
    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.
    Gulf Blvd
    Navarre, FL 32566
    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!