Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Alaqua Crk Freeport, FL 32439
    Property profile & analytics

    Alaqua Crk, Freeport, FL 32439

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Alaqua Crk

    Property type
    Land

    Description

    This exceptional 2-acre vacant land parcel presents a unique opportunity for those seeking a secluded waterfront retreat. Located in Freeport, Florida, in Walton County, zip code 32439, this property offers unparalleled tranquility and access to Alaqua Creek. Priced at $39,900, this land is ideal for building a fish camp or a private weekend getaway. Importantly, prospective buyers should note that the property is only accessible by boat, adding to its exclusive and peaceful character. The location is classified as an AE flood zone, a factor that must be considered during any development plans. Coordinates are 30.4944441 latitude and -86.1548269 longitude. This secluded waterfront property offers a rare chance to own a piece of Florida's natural beauty, perfect for those seeking a tranquil escape from the everyday. The property is categorized as vacant land, with no existing structures or units. Serious inquiries are encouraged to explore the possibilities of this unique offering. All interested parties are responsible for conducting their own due diligence regarding zoning regulations, building permits, and flood insurance requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1548
    Latitude
    30.4944

    Comparable in this City

    • Value Estimation by Request
      58.00 Acres

      20 Main St

      Land
      20 Main St, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      2.82 Acres

      1384 Fl-20

      Land
      1384 Fl-20, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      1.20 Acres

      16913 Us-331

      Land
      16913 Us-331, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      4,890 SF

      Us-331

      Land
      0 Us-331, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      1.11 Acres

      16660 Us-331

      Land
      16660 Us-331, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      2.06 Acres

      331 & Jolly Bay Road

      Land
      331 & Jolly Bay Road, Freeport, FL 32439
      View Details

    Similar Nearby for Sale

    • $180,000
      4.66 Acres

      Freeport Wooded Land Parcel

      4.66-acre wooded parcel in Freeport, Florida, ideal for development.
      4.66 Acres Watson Rd, Freeport, FL 32439
      View Details
    • $110,000

      Coastal Lot Near Beaches

      Expansive lot near beaches and coastal attractions.
      8 Mallet Rd, Freeport, FL 32439
      View Details
    • $80,000

      Cleared Land in Freeport

      Quiet Freeport property with public water and pole barn.
      00 Orchid Ln, Freeport, FL 32439
      View Details
    • $145,000

      Vacant Lot with Metal Building

      Vacant lot in Freeport, FL with metal building.
      219 Jones Dr, Freeport, FL 32439
      View Details
    • $10,500,000
      Pending

      Land Available in Freeport, Florida

      Land for sale in Freeport, Florida, Walton County.
      130 Lagrange Rd, Freeport, FL 32439
      View Details
    • $438,000

      Waterfront Land in Freeport, Florida

      Bay front lot available on Beatrice Point Road.
      554 Beatrice Point Rd, Freeport, FL 32439
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available For Rent

      Single tenant industrial space for rent, 1,000 SqFt.
      19323 Us Highway 331, Freeport, FL 32439
      View Details
    • $3,400 /Mo

      Commercial Land For Lease

      1.92 acre commercial lot available for ground lease.
      W St Hwy 20, Freeport, FL 32439
      View Details
    • $21 SF/Yr

      Freeport Flex Space Development

      40,000 SF development with high visibility and easy highway access.
      20431 Us Highway 331 S, Freeport, FL 32439
      View Details
    • Contact for pricing
      22,000 SF

      Freeport Warehouse Space for Lease

      22,000 SF warehouse space suitable for various commercial uses.
      13295 Business 331, Freeport, FL 32439
      View Details
    • $43 SF/Yr

      Retail Space on US-331

      Retail space for lease in Freeport, FL, coming Spring 2026.
      Us Highway 331, Freeport, FL 32439
      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.
    Alaqua Crk
    Freeport, FL 32439
    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

    Thank You for Inquiry
    Alaqua Crk, Freeport, FL, 32439
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!