Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Old Bay Pointe Rd Milton, FL 32583
    Back to Search
    Property profile & analytics

    Old Bay Pointe Rd, Milton, FL 32583

    View on Map
    • Land
    • 1.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Old Bay Pointe Rd

    Lot size
    1.90 lot acres
    Property type
    Land

    Description

    This exceptional 1.9-acre residential lot, identified as Lot 27C in the prestigious Bay Pointe Plantation community in Milton, Florida, presents a unique opportunity to build your dream home. Located on Old Bay Pointe Rd, this property (APN 24-1N-28-0227-00C00-0270) boasts a desirable R-R1 - Rural Residential Single Family zoning designation, perfect for low-density residential development. The lot offers the tranquility of a natural setting, with access to community amenities and the convenience of nearby infrastructure. Enjoy the benefits of underground utilities, public water and sewer, and offsite improvements already in place. The property is situated in a rapidly growing area, offering easy access to I-10 (39,500 AADT), schools, Milton Naval Air Station, hospitals, restaurants, shops, and the beautiful beaches of Pensacola. This prime location combines the peace of a natural environment with the convenience of modern amenities, making it an ideal location for building a custom home. The asking price for this remarkable property is $374,000. Don't miss this chance to own a piece of this sought-after community in the thriving Milton market. The zip code is 32583.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.007
    Latitude
    30.5727

    Comparable in this City

    • Value Estimation by Request

      Old Bay Pointe Rd

      Land
      0 Old Bay Pointe Rd, Milton, FL 32583
      View Details
    • Value Estimation by Request
      175.00 Acres

      San Raphael St

      Land
      0 San Raphael St, Milton, FL 32583
      View Details
    • Value Estimation by Request

      4400 Garcon Point Rd

      Land
      4400 Garcon Point Rd, Milton, FL 32583
      View Details
    • Value Estimation by Request

      Old Bay Pointe Rd

      Land
      0 Old Bay Pointe Rd, Milton, FL 32583
      View Details
    • Value Estimation by Request

      Old Bay Pointe Rd

      Land
      0 Old Bay Pointe Rd, Milton, FL 32583
      View Details
    • Value Estimation by Request

      Old Bay Pointe Rd

      Land
      0 Old Bay Pointe Rd, Milton, FL 32583
      View Details

    Similar Nearby for Sale

    • $98,999

      Land for Sale in Milton

      Land available in Milton, Florida.
      5700 Nowling Dr, Milton, FL 32583
      View Details
    • Contact for pricing
      Pending

      Land Parcel in Santa Rosa

      Land parcel in Santa Rosa County, no road frontage access.
      0000 Avalon Blvd, Milton, FL 32583
      View Details
    • $125,005

      Land Parcel in Santa Rosa

      Land available in Santa Rosa County, Florida.
      6512 Tracker Dr, Milton, FL 32583
      View Details
    • $55,000

      Acreage Near Water For Sale

      Over two acres of land near the water's edge.
      6591 Sea Breeze Ln, Milton, FL 32583
      View Details
    • Contact for pricing
      Pending

      Wooded Lot in Rural Setting

      0.54 acre wooded lot, convenient to Pensacola and Pensacola Beach.
      Kensara Dr, Milton, FL 32583
      View Details
    • $50,000
      4.14 Acres

      4.14 Acres Vacant Land

      Vacant 4.14-acre parcel in Milton, FL for sale.
      Pearson Rd, Milton, FL 32583
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500,000 SF

      I-10 Coastal Commerce Center

      Industrial space for lease with I-10 access.
      8748 Technology Dr, Milton, FL 32583
      View Details
    • $12 SF/Yr

      Milton Warehouse Space with Drive-in Bays

      2,500 SF warehouse space with two drive-in bays for lease.
      3996 Avalon Blvd, Milton, FL 32583
      View Details
    • Contact for pricing
      181,080 SF

      I-10 Coastal Commerce Center

      Class A Industrial Space Available
      0 Technology Ave, Milton, FL 32583
      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.
    Old Bay Pointe Rd
    Milton, FL 32583
    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

    Thank You for Inquiry
    Old Bay Pointe Rd, Milton, FL, 32583
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!