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Property profile & analytics
OFF-MARKET
Land

16660 Us-331 Freeport, FL 32439

1.11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.11-acre commercial land parcel is strategically located on Highway 331 South in Freeport, Florida, boasting a prime location near major retailers such as Publix, McDonald's, Ace Hardware, and more. The rectangular lot measures 204' x 238', offering excellent visibility and accessibility for potential development. This high-traffic area sees approximately 29,000 vehicles daily (FDOT 2022 data), benefiting from the strong retail synergy of the surrounding businesses and the significant residential growth in Freeport. Hundreds of new homes and apartments are planned, further enhancing the area's potential. The property's convenient location provides easy access to the renowned beaches of South Walton County, including Santa Rosa Beach and 30A. The property is zoned for commercial use. A topographic survey and wetland delineation are available upon request, along with potential site plans. This presents a unique opportunity for investors and developers seeking a high-growth market with significant upside potential. The asking price is $929,000. The APN is 22-1S-19-23000-015-0061.

Property profile
Verified
Property type Land
Lot 1.11 ac (48,352 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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