Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 331 South Freeport, FL
    Back to Search
    Property profile & analytics

    Highway 331 South Freeport, FL

    View on Map
    • Land
    For Sale
    $950,000
    View Listing →
    1.2 Acres +/- Land For Sale - Highway 331 South, Freeport, FL For Sale
    $950,000
    52,272 SF

    1.2 Acres +/- Land For Sale - Highway 331 South, Freeport, FL

    1.2 Acres +/- Land For Sale - Highway 331 South, Freeport, FL

    Highway 331 South, Freeport, FL 32439
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Highway 331 South

    Property type
    Land
    Property subtype
    Commercial land

    Description

    1.2 acres +/- vacant commercial land with 150 feet fronting Highway 331. It is located just south of the Highway 331 / Highway 20 intersection roughly 3/4 mile. This site is located across the street from the new Eglin Federal Credit Union at Riverwalk Subdivision. This site is wooded and appears to be high & dry. Current traffic count of 29,000 per day, per 2022 FDOT. Other retail synergy in the market consist of Publix, McDonalds, Dairy Queen, Waffle House, Florida First Bank, Hungry Howies, Ace Hardware and others.

    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
    Freeport
    County
    State
    Florida
    Longitude
    -86.1223
    Latitude
    30.4883

    Comparable in this City

    • Value Estimation by Request

      0.59 Acres Land For Sale - 3761 Hwy 87

      0.59 Acres Land For Sale - 3761 Hwy 87
      3761 Hwy 87, Navarre, FL
      View Details
    • Value Estimation by Request

      0.17 Acres Land For Sale - 6099 Three Notch Trl

      0.17 Acres Land For Sale - 6099 Three Notch Trl
      6099 Three Notch Trl, Milton, FL
      View Details
    • Value Estimation by Request

      1935 45th St

      Land | Vero Beach, FL
      1935 45th St, Vero Beach, FL, Vero Beach, FL
      View Details
    • Value Estimation by Request
      51.00 Acres

      Us-41

      Land • 51.00 Acres
      0 Us-41, Ruskin, FL undefined
      View Details
    • Value Estimation by Request
      61.00 Acres

      Villa City Rd

      Land • 61.00 Acres
      0 Villa City Rd, Groveland, FL undefined
      View Details
    • Value Estimation by Request
      4.29 Acres

      State Road 46

      Retail properties & Spaces • 4.29 Acres
      0 State Road 46, Sanford, FL undefined
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two Parcels of Land

      Two parcels of land for sale in Milton, Florida.
      Del Rey St, Milton, FL
      View Details
    • $1,530,000

      Pensacola Land Development Opportunity

      Over 100 acres of land with 1,600+ feet frontage.
      Fl-292, Pensacola, FL
      View Details
    • $795,000

      Waterfront Land Assemblage For Sale

      Five contiguous parcels with waterfront access along Choctawhatchee Bay.
      Whisper Shr Cv, Santa Rosa Beach, FL
      View Details
    • Contact for pricing

      Port Richey Land For Sale

      19.75 acres in Port Richey, Florida with city utilities.
      Richey Dr And Wilkins St, Port Richey, FL
      View Details
    • Contact for pricing

      Land Lots in Lakeland, FL

      Two land lots available in Lakeland, Florida.
      N Church Ave, Lakeland, FL
      View Details
    • $1,800,000

      Wimauma Land with Development Potential

      1.4 acres on State Road 674 with development potential.
      5534 Fl-674, Wimauma, FL
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Palm Beach Storage Opportunity

      Land available for lease near Florida's Turnpike and airport.
      6811 Belvedere Rd W, Palm Beach, FL
      View Details
    • Contact for pricing

      49.6 Acres of Developable Land

      49.6 acres of land, developable up to 1,078,000 SF.
      8731 NW 85 St, Medley, FL
      View Details
    • Contact for pricing

      Land for Rent in Davie

      Land available for rent in Davie, Florida.
      10450 W State Rd 84, Davie, FL
      View Details
    • $1.00 SF/Yr
      435,694 SF

      Pace, Florida Outparcel Opportunity

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

      Land For Rent

      Land available for rent in Pembroke Park, Florida.
      3900 W Hallandale Bch Blvd, Pembroke Park, FL
      View Details
    • Contact for pricing
      4,100 SF

      Land for Rent in Lutz

      Land available for rent in Lutz, Florida, offering 4100 SF.
      Aprile Dr, Lutz, FL
      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.
    Highway 331 South
    Freeport, FL
    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
    Highway 331 South, Freeport, FL
    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!