Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    0 Jesse Allen Rd Milton, FL 32570
    Back to Search
    Property profile & analytics

    0 Jesse Allen Rd Milton, FL 32570

    View on Map
    • Land
    For Sale
    $3,611,000
    View Listing →
    157-AC Land For Sale In Santa Rosa County, FL: Prime Land, Ready to Build or Farm! For Sale
    $3,611,000
    6,840,445 SF

    157-AC Land For Sale In Santa Rosa County, FL: Prime Land, Ready to Build or Farm!

    157-AC Land For Sale In Santa Rosa County, FL: Prime Land, Ready to Build or Farm!

    0 Jesse Allen Rd, Milton, FL 32570
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Jesse Allen Rd

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    MILTON, FL - 157 ACRES OFFERING PRIME DEVELOPMENT OPPORTUNITY! Welcome to an extraordinary opportunity to shape your dream community or personal estate on this expansive 157-acre tract of land for sale in Santa Rosa County. With a leaseback option and convenient location to military bases, this property presents limitless potential for investors, homebuilders, and farmers alike. IDEAL LOCATION FOR MILITARY FAMILIES: Situated just one mile from Whiting Naval Air Station and approximately four miles from Point Baker Air Force Base, this location offers a solution for military families seeking housing options with an easy commute to work, making it an attractive prospect. SALE/LEASEBACK OPTION: As an additional benefit, the seller is open to a leaseback option for the farmland, providing a steady income of $200.00 per acre. This unique opportunity allows you to bring in income while actively developing. CLEARED, LEVEL, AND READY FOR DEVELOPMENT: The property boasts a cleared and level landscape, enhancing its appeal for potential developers. With over 2,200 feet of paved road frontage along Jesse Allen Rd and a convenient half-mile distance from Hwy 87, accessibility is at the forefront of this offering. PERFECT FOR FARMING OR GARDENING: Equipped with an irrigation system, this land is well-suited for farming or gardening enthusiasts. The cleared expanse invites creative land use, providing an opportunity for agricultural pursuits alongside development. CHARMING ALLENTOWN LIVING: Nestled in the charming area of Allentown, Santa Rosa County, this property offers a tranquil and comfortable living environment. Residents can indulge in various recreational activities, including hunting, canoeing, and camping. Most residents in the area own their homes, and local public schools receive high ratings. Seize the Moment and Make This Prime Development Opportunity Yours! Whether You're an Investor, Homebuilder, or Farmer, This Property is The Perfect Canvas for Your Vision. Contact Us Now to Unlock the Endless Possibilities that Await You in Milton, FL. Use GPS Address 6324 Jesse Allen Rd; the Property is Located Just Across the Road.

    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
    Milton
    County
    State
    Florida
    Longitude
    -87.080989
    Latitude
    30.749935

    Comparable in this City

    • Value Estimation by Request

      92 Acres Opportunity For Sale: Agricultural & Outdoor Recreation in Milton

      92 Acres Opportunity For Sale: Agricultural & Outdoor Recreation in Milton
      Jackpot Trail, Milton, FL 32570
      View Details
    • Value Estimation by Request

      1.1 Acre Commercial Land For Sale

      1.1 Acre Commercial Land For Sale
      5503 Northrop Rd, Milton, FL 32570
      View Details
    • Value Estimation by Request

      COMMERCIAL SITE: 9.61+/-ACRES - HWY 87 For Sale

      COMMERCIAL SITE: 9.61+/-ACRES - HWY 87 For Sale
      5994 FL-87, Milton, FL 32570
      View Details
    • Value Estimation by Request

      37 Acres Land For Sale - North of Milton

      37 Acres Land For Sale - North of Milton
      8200 Blk of SR 89, Milton, FL 32570
      View Details
    • Value Estimation by Request

      1.38 Acres Land For Sale - Stewart St

      1.38 Acres Land For Sale - Stewart St
      0 Stewart Street, Milton, FL 32570
      View Details
    • Value Estimation by Request

      3.07 Acres Opportunity Zone Development Site For Sale

      3.07 Acres Opportunity Zone Development Site For Sale
      Municipal Dr., Milton, FL 32570
      View Details

    Similar Nearby for Sale

    • $99,900
      0.56 Acres

      Prime Milton Commercial Land

      0.56-acre site, ready for development.
      6684 Elva St, Milton, FL 32570
      View Details
    • $1,135,040
      Pending

      Expansive Rural Land in Milton

      70.94 acres of versatile land near Milton, Florida.
      Highway 89, Milton, FL 32570
      View Details
    • $589,000
      40.75 Acres

      40 Acres in Milton, Florida

      40-acre parcel perfect for homesteading, recreation, or development.
      Whitfield Rd, Milton, FL 32570
      View Details
    • New
      $239,000
      Pending

      Unrestricted Land in Milton, Florida

      10 acres of unrestricted land perfect for homestead or retreat.
      3687 Gordon Land Rd, Milton, FL 32570
      View Details
    • Contact for pricing

      92 Acres of Versatile Land

      92-acre property in Milton, FL, ideal for agriculture/recreation.
      Jackpot Trl, Milton, FL 32570
      View Details
    • $316,140
      14.37 Acres

      Picturesque Land in Santa Rosa

      14.37 acres of open land in Allentown, Florida.
      Highway 89, Milton, FL 32570
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,500 SF

      Milton Medical Office Building

      Prime Medical Office: Sale/Lease
      6044 Doctors Park, Milton, FL 32570
      View Details
    • $8 SF/Yr
      3,121 SF

      Prime Milton Retail Space Available

      High-traffic location, 3,121 sq ft retail space.
      6510 Caroline St, Milton, FL 32570
      View Details
    • $8 SF/Yr
      13,950 SF

      Prime Milton Retail Space Available

      13,950 SF Retail Space in Busy Shopping Center
      6510 Caroline St, Milton, FL 32570
      View Details
    • $20 SF/Yr
      1,508 SF

      Downtown Milton Retail Space For Lease

      Prime 1,508 SF retail space in historic Milton. High traffic, great visibility.
      5237 Willing St, Milton, FL 32570
      View Details
    • $16 SF/Yr
      641 SF

      Industrial Space with Roll-Up Door

      Industrial space for lease with roll-up door and office.
      6317-6325 Dogwood Dr, Milton, FL 32570
      View Details
    • Contact for pricing

      Retail Space in Milton, FL

      21,775 SF retail space with ALDI co-tenancy.
      5428 Dogwood Dr, Milton, FL 32570
      View Details
    View Listing
    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.
    0 Jesse Allen Rd
    Milton, FL 32570
    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
    0 Jesse Allen Rd, Milton, FL, 32570
    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!