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    Wallace Lake Chumuckla Highway Pace, FL 32571

    • Land
    For Sale
    View listing
    $1,440,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Wallace Lake Chumuckla Highway

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Large parcel with potential for so much, located adjacent to the new Piggly Wiggly grocery store and soon to be pharmacy. This is a prime location offering many possibilities for development. Seller may be willing to add more land if desired or needed to accommodate buyer. As noted in description, we are listing as 8 acres, but could be more or less depending on buyers needs.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    State
    Florida
    Longitude
    -87.1610807
    Latitude
    30.5993603

    Comparable in this City

    • Value Estimation by Request

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

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      0.7-1.8 AC Land For Sale - Berryhill Rd Pace

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      1 - 4 Acres Development Opportunity on Woodbine near Five Points For Sale

      1 - 4 Acres Development Opportunity on Woodbine near Five Points For Sale
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      +-6.65 Acres Land For Sale - Shovel Ready Property

      +-6.65 Acres Land For Sale - Shovel Ready Property
      4537 Bell Ln, Pace, FL 32571
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      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
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    • 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 Sale

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    Similar Nearby for Lease

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    • Contact for pricing

      Land for Lease in Pace

      Land available for lease in a new Publix-anchored center.
      5611 Chumuckla Hwy, Pace, FL 32571
      View Details
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    Pace, FL 32571
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    Realmo Value Estimation

    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.

    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.

    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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