Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20502 Us Highway 331 Freeport, FL 32439

    • Land
    • 3.41 lot acres
    For Sale
    View listing
    $2,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 20502 Us Highway 331

    Lot size
    3.41 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.41-acre industrial land parcel boasts a prime location along the newly expanded Highway 331 in Freeport, Florida. Situated less than half a mile north of the new Choctawhatchee Bay bridge, this property offers over 310 feet of highway frontage, providing excellent visibility and accessibility. The expansive lot presents numerous opportunities for a variety of industrial uses and efficient site planning. Located in Walton County, this property is part of the burgeoning Freeport market, offering significant potential for growth and development. The asking price is $2,750,000. The APN is 04-2S-19-24000-025-0000. Prospective buyers are responsible for verifying future land use and zoning regulations with Walton County Planning & Zoning. Additional details are available upon request. This is a rare opportunity to acquire a strategically located industrial land parcel in a rapidly developing area. The property's size and highway frontage make it ideal for a wide range of industrial projects. Don't miss this chance to secure a foothold in Freeport's thriving industrial sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1506
    Latitude
    30.4375

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      00 Bayou Cir

      Land • 0.26 Acres
      00 Bayou Cir, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      2.82 Acres

      1384 Fl-20

      Land • 2.82 Acres
      1384 Fl-20, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      1.20 Acres

      16913 Us-331

      Land • 1.20 Acres
      16913 Us-331, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      4,890 SF

      Us-331

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

      Magnolia Dr

      Land • 0.51 Acres
      0 Magnolia Dr, Freeport, FL 32439
      View Details
    • Value Estimation by Request
      58.00 Acres

      20 Main St

      Land • 58.00 Acres
      20 Main St, Freeport, FL 32439
      View Details

    Similar Nearby for Sale

    • $2,750,000
      3.41 Acres

      Freeport Industrial Land - 3.41 Acres

      Prime Freeport industrial land, Hwy 331 frontage.
      20502 Us Highway 331, Freeport, FL 32439
      View Details
    • $100,000
      0.51 Acres

      Freeport Residential Land - $100K

      0.51-acre lot, prime location.
      0 Magnolia Dr, Freeport, FL 32439
      View Details
    • $325,000

      Land For Sale

      Land available for sale in Freeport, Florida.
      000 Johns Ln, Freeport, FL 32439
      View Details
    • $464,000

      Land For Sale Freeport

      Land available for purchase in Freeport, Florida.
      63 Camellia Ct, Freeport, FL 32439
      View Details
    • $120,000

      Land with Bay Access

      Land for sale with bay access in growing area.
      1 Mallet Bayou Rd, Freeport, FL 32439
      View Details
    • New
      $189,000
      10.00 Acres

      Freeport Wooded 10-Acre Parcel

      10-acre wooded parcel near Freeport, Florida, for building or recreation.
      Tpke Crk Dr, Freeport, FL 32439
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      7,000 SF

      Freeport Industrial Space For Lease

      7,000 SF flex space in Alaqua Business Park.
      435 W county 83a highway, Freeport, FL 32439
      View Details
    • Contact for pricing
      32,400 SF

      Industrial Space in Freeport, Florida

      Industrial spaces available in rapidly expanding Freeport, Florida.
      Old Jolly Bay Rd, Freeport, FL 32439
      View Details
    • $14 SF/Yr
      11,600 SF

      Freeport Flex Space: 2,000-11,600 SF

      Flexible Freeport Industrial Space for Lease
      13295 US-331 BUS, Freeport, FL 32439
      View Details
    • $14 SF/Yr
      11,600 SF

      Freeport Flex Space - 11,600 SF

      Flexible Industrial Space in Freeport, FL
      13295 US-331 BUS, Freeport, FL 32439
      View Details
    • $14 SF/Yr
      2,500 SF

      Freeport Industrial Space Available

      2,500 SF Warehouse/Office Space for Lease
      363 Bulldog Rd, Freeport, FL 32439
      View Details
    • $21 SF/Yr
      39,986 SF

      40,000 SF Warehouse Development

      High-visibility warehouse space with easy highway access in growing market.
      20431 Us Highway 331 S, 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.
    20502 Us Highway 331
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.