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

    US 90 Pace, FL 32571

    • Land
    For Sale
    View listing
    $4,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for US 90

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    REDUCED PRICE! Amazing Opportunity fronting US 90 in booming Pace, FL! 6.5+- acres with 270+- feet fronting US 90 zoned HCD (front) and R-1 (back). One of the last land parcels with Highway 90 frontage available in the area! Close to Pensacola, Milton and Navarre; only minutes to I-10 and Pensacola International Airport. It's a short drive to the Gulf of Mexico and the world's most beautiful beaches! Truly an opportunity of a lifetime!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    State
    Florida
    Longitude
    -87.141
    Latitude
    30.6037

    Comparable in this City

    • Value Estimation by Request

      0.6 AC Land Pending Sale - 5 Points-Pace-Next Door to New Circle K

      0.6 AC Land Pending Sale - 5 Points-Pace-Next Door to New Circle K
      5706 Quintette Rd, Milton, FL 32571
      View Details
    • Value Estimation by Request

      0.83 ACRES CEFCO OUTPARCEL For Sale

      0.83 ACRES CEFCO OUTPARCEL For Sale
      4162 Pace Rd, Pace, FL 32571
      View Details
    • Value Estimation by Request

      1.5 Acres For Sale - Commercial Property - Pace, Florida

      1.5 Acres - Commercial Property For Sale - Pace, Florida
      5388 US Highway 90, Milton, FL 32571
      View Details
    • Value Estimation by Request

      3.26 Acres Land For Sale - Woodbine at Guernsey

      3.26 Acres Land For Sale - Woodbine at Guernsey
      Woodbine road, Pace, FL 32571
      View Details
    • Value Estimation by Request

      933 - 934 Acres For Sale, All Waterfront

      933 - 934 Acres Land For Sale, All Waterfront
      0 us 90 highway, Pace, FL 32571
      View Details
    • Value Estimation by Request

      3.62 Acres Land For Sale

      New Walmart 1-2 Acres On Berryhill
      Berryhill Road, Pace, FL 32571
      View Details

    Similar Nearby for Sale

    • $871,500
      2.49 Acres

      Pace Commercial Land Opportunity

      Prime 2.49-acre parcel near Pensacola.
      4551 Woodbine Road, Pace, FL 32571
      View Details
    • $1,725,000
      7.20 Acres

      7.2 Acres Pace, FL Commercial Land

      Highway-Commercial zoned land; excellent road frontage.
      5301 Woodbine Rd, Pace, FL 32571
      View Details
    • $1,499,999
      9.00 Acres

      Pace, FL Commercial Land - 9 Acres

      High-traffic location, ideal for development.
      4709 Woodbine Rd, Pace, FL 32571
      View Details
    • $385,000
      1.50 Acres

      Prime Pace Commercial Land

      1.5-Acre lot with existing building
      4636 Chumuckla Hwy, Pace, FL 32571
      View Details
    • $749,850
      2.49 Acres

      Woodbine Road Commercial Land

      Prime Pace, FL QSR/Retail Opportunity
      4551 Woodbine Road, Pace, FL 32571
      View Details
    • $1,100,000
      2.30 Acres

      Highway 90 Commercial Land

      Prime Pace, FL commercial acreage. Build-ready with retention. High visibility.
      5436 highway 90, Pace, FL 32571
      View Details

    Similar Nearby for Lease

    • $65,000
      40,400 SF

      Highway 90 Pace Commercial Lot

      Prime Pace, FL commercial land: Sale or lease.
      5162 us 90, Pace, FL 32571
      View Details
    • $100,000
      62,726 SF

      Pace, FL Land Ground Lease

      High-traffic location, excellent development opportunity.
      4830 Caroline Street, Pace, FL 32571
      View Details
    • $3 SF/Yr
      110,207 SF

      Pace, FL Commercial Land Lease Opportunity

      Highway 90 Outparcel Land Lease: Prime Pace Location
      4710 Jerry Dr, Pace, FL 32571
      View Details
    • $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
    • $1.82 SF/Yr

      Pace, Florida Retail Land

      One acre retail land opportunity in Pace, Florida.
      4181-4900 Norris Rd, Pace, FL 32571
      View Details
    • 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
    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.
    US 90
    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

    Google sign-in failed. Please try again or use another login method.