Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    00 Us 90 Grand Ridge, FL 32442

    Property Lookup

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

    00 Us 90 Grand Ridge, FL 32442

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 00 Us 90

    Property type
    Specialty properties

    Description

    This exceptional 81,893 square foot commercial lot presents a remarkable investment opportunity in Grand Ridge, Florida. Strategically located on US Highway 90, this triangle-shaped parcel boasts high visibility and significant traffic flow, making it ideal for a variety of small businesses. The property's prominent corner location ensures maximum exposure, attracting potential customers and enhancing brand recognition. Its ample size provides flexibility for development, accommodating a range of building designs and business needs. The address is 00 US 90, Grand Ridge, FL 32442, within Jackson County. This is a rare chance to acquire a well-situated commercial property in a growing area. The asking price for this unique opportunity is $59,000. The property's location on a busy state road guarantees high traffic volume, translating to increased potential for customer engagement and business success. This is a turnkey opportunity for entrepreneurs seeking a visible and accessible location to establish their business. The expansive lot size offers significant development potential, allowing for customization to suit specific business requirements. Don't miss this chance to secure a prime commercial property in a thriving location. This property is classified as Special Purpose.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Ridge
    County
    Jackson
    State
    Florida
    Longitude
    -84.9896
    Latitude
    30.7188

    Comparable in this City

    • Value Estimation by Request
      1.53 Acres

      22644 County Rd 286

      CREMATORIUM, MORTUARY • 1.53 Acres
      22644 County Rd 286, Grand Ridge, FL 32442
      View Details
    • Value Estimation by Request

      Grand Ridge, FL 32442

      CENTRALLY ASSESSED
      Grand Ridge, FL 32442
      View Details
    • Value Estimation by Request
      3,088 SF

      2410 Church St

      DAY CARE, PRE-SCHOOL • 3,088 SF
      2410 Church St, Grand Ridge, FL 32442
      View Details
    • Value Estimation by Request
      1.34 Acres

      Grand Ridge, FL 32442

      VACANT COMMERCIAL LAND • 1.34 Acres
      Grand Ridge, FL 32442
      View Details
    • Value Estimation by Request
      52.70 Acres

      Grand Ridge, FL 32442

      VACANT COMMERCIAL LAND • 52.70 Acres
      Grand Ridge, FL 32442
      View Details
    • Value Estimation by Request
      2.00 Acres

      Hwy 90

      VACANT COMMERCIAL LAND • 2.00 Acres
      Hwy 90, Grand Ridge, FL 32442
      View Details

    Similar Nearby for Sale

    • $249,900
      15.00 Acres

      Waterfront Land in Grand Ridge

      15-acre waterfront property on Ocheesee Pond, surveyed and ready.
      Ocheesee Lndg Rd, Grand Ridge, FL 32442
      View Details
    • $129,000
      0.98 Acres

      Grand Ridge Commercial Lot on Highway

      High-visibility commercial lot with utilities on major highway in Florida.
      Highway 90, Grand Ridge, FL 32442
      View Details
    • $75,000
      0.50 Acres

      Waterfront Land Near Ocheesee Pond

      Waterfront lot near Ocheesee Pond, ideal for recreation.
      Myrtle Trl, Grand Ridge, FL 32442
      View Details
    • $129,000

      Commercial Lot on Highway 90

      High-visibility commercial lot with utilities and road frontage.
      0000 Highway 90, Grand Ridge, FL 32442
      View Details
    • $235,000

      Recreational Land Near Lake Seminole

      65-acre recreational tract near Lake Seminole and Apalachee Wildlife Area.
      000 Neel Rd, Grand Ridge, FL 32442
      View Details
    • $400,000

      Secluded Land with Cabin Potential

      80-acre tract with timberland, cropland, cabin, and utilities.
      7849 Leatherneck Trl, Grand Ridge, FL 32442
      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.
    00 Us 90
    Grand Ridge, FL 32442
    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!