0 Magnolia Dr Freeport, FL 32439
This exceptional 0.51-acre vacant land parcel presents a unique investment opportunity in Freeport, Florida. Located on Magnolia Drive, this property boasts convenient access to US-331, a major thoroughfare with a daily traffic count of 25,000 vehicles. Its strategic location within the LaGrange Shores neighborhood places it in close proximity to a thriving commercial corridor featuring national retailers such as Publix, McDonald's, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, and Shell, among others. The property's zoning is designated as Rural Village (RV), offering flexibility for potential development. The parcel identification number is 28-1S-19-23040-00D-0310. US-331, a significant artery, stretches 150 miles, connecting Santa Rosa Beach, Florida, to Montgomery, Alabama, ensuring high visibility and accessibility. This lot presents a compelling opportunity for residential development or investment in a high-traffic area with established commercial infrastructure. The property is situated in Walton County, Florida, with a zip code of 32439. Its coordinates are 30.4707553 latitude and -86.1483218 longitude. This is a rare chance to acquire land in a rapidly growing area with significant commercial activity nearby.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.