Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Woodbine road Pace, FL 32571
    Property profile & analytics

    Woodbine road, Pace, FL 32571

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

    Current Use by Public Records

    • Land

    Property Details for Woodbine road

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Welcome to an exceptional opportunity to secure a piece of prime commercial land situated on Woodbine Road in the heart of Santa Rosa County, conveniently located near the bustling Five Points intersection. This vacant parcel offers an unmatched canvas for your business aspirations, boasting an ideal location and an abundance of potential. Located at the crossroads of Woodbine Road and the Five Points intersection, this property enjoys high visibility and substantial traffic, making it an ideal location for various commercial ventures. There are not many parcels left near the five points intersection. Grab this while you still can!! Seller will help in rezoning to HCD.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    State
    Florida
    Longitude
    -87.182
    Latitude
    30.6162

    Comparable in this City

    • Value Estimation by Request

      Excellent Multifamily Development: 11.83+/-Acres / 18 units/For Sale

      Excellent Multifamily Development: 11.83+/-Acres /18 units/For Sale
      4774 Jerry Dr, Milton, FL 32571
      View Details
    • Value Estimation by Request

      18 AC For Sale - HCD Commercial Land - Pace, Florida

      18 AC - HCD Commercial Land For Sale - Pace, Florida
      4664 Chumuckla Highway, Pace, FL 32571
      View Details
    • Value Estimation by Request

      0.7-1.8 AC Land For Sale - Berryhill Rd Pace

      0.7-1.8 Ac Land For Sale - Berryhill Rd Pace
      3706 Berryhill Road, Pace, FL 32571
      View Details
    • Value Estimation by Request

      +-6.65 Acres Land For Sale - Shovel Ready Property

      +-6.65 Acres Land For Sale - Shovel Ready Property
      4537 Bell Ln, Pace, FL 32571
      View Details
    • Value Estimation by Request

      40,400 SF Lot Available for Sale or Lease on Highway 90 in Pace

      40,400 SF Lot Available for Sale or Lease on Highway 90 in Pace
      5162 us 90, , FL, Pace, FL 32571
      View Details
    • Value Estimation by Request

      8.54 Acres Land For Sale - Retail Development

      8.54 Acres Land For Sale - Retail Development
      5065 Chumuckla Hwy, Pace, FL 32571
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      31,799 SF

      Pace FL Commercial Land Lease

      Prime Retail Land, 0.73 Acres
      6600 Chumuckla Hwy, Pace, FL 32571
      View Details
    • Contact for pricing
      435,694 SF

      Pace, Florida Outparcel Opportunity

      Approximately 10-acre outparcel suitable for restaurant or retail use.
      5375 Fl-10, Milton, FL 32571
      View Details
    • Contact for pricing

      Highway 90 Ground Lease Opportunity

      Ground lease opportunity on Highway 90 in Pace, Florida.
      4830 Caroline St, Pace, FL 32571
      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.
    Woodbine road
    Pace, FL 32571
    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
    Woodbine road, Pace, FL, 32571
    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!