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    00 Highway 79 Ebro, FL 32437
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    00 Highway 79, Ebro, FL 32437

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    Cap Rate Potential
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    Property Details for 00 Highway 79

    Property type
    Specialty properties

    Description

    This exceptional 55,757 square foot commercial lot is strategically located on Highway 79 in Ebro, Florida, offering unparalleled visibility and accessibility. Currently designated for commercial use, this property enjoys a prime position directly across from the main entrance to Ebro Park, ensuring high traffic volume and excellent exposure. The recent widening of Highway 79 has significantly enhanced its appeal, transforming it into a four-lane divided highway complete with a median and center turn lanes. This upgrade provides exceptional visibility for any business seeking a prominent location. The property's proximity to Northwest Florida Beaches International Airport, just 15 miles away, further enhances its strategic value, connecting it to a wider regional market. This presents a unique opportunity for businesses seeking a high-traffic location with excellent visibility and convenient access to major transportation routes. The parcel ID is 00000000-00-5225-0000. Note that an adjacent parcel (MLS# 600225) is also available for purchase. This presents a rare opportunity to acquire a significant commercial holding in a rapidly growing area. The asking price for this exceptional property is $300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ebro
    County
    Washington
    State
    Florida
    Longitude
    -85.8753
    Latitude
    30.4458

    Comparable in this City

    • Value Estimation by Request

      Highway 79

      Specialty properties
      0 Highway 79, Ebro, FL 32437
      View Details
    • Value Estimation
      $1,535,000
      9,230 SF

      5369 Captain Fritz Rd

      RETAIL STORES (PERSONAL SERVICES)
      5369 Captain Fritz Rd, Ebro, FL 32437-1157
      View Details
    • Value Estimation by Request
      20.00 Acres

      Still Pond Rd

      WASTE DISPOSAL, SEWAGE
      Still Pond Rd, Ebro, FL 32437
      View Details
    • Value Estimation by Request
      20.00 Acres

      Sunbelt Dr

      VACANT COMMERCIAL LAND
      Sunbelt Dr, Ebro, FL 32437
      View Details
    • Value Estimation by Request
      1.28 Acres

      Dogtrack Rd

      VACANT COMMERCIAL LAND
      Dogtrack Rd, Ebro, FL 32437
      View Details
    • Value Estimation by Request
      580.37 Acres

      Otter Creek Bridge Rd

      Agricultural land / Farmland
      0 Otter Creek Bridge Rd, Ebro, FL 32437
      View Details

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    Ebro, FL 32437
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    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
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