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    0 1 Hecker Road Century Century, FL 32535

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    0 1 Hecker Road Century Century, FL 32535

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    • Commercial real estate
    • 3,686 SF
    • 2.34 lot acres
    For Sale
    $499,900
    View Listing →
    3,686 SF Century House For Sale For Sale
    $499,900
    3,686 SF

    3,686 SF Century House For Sale

    3,686 SF Century House Exquisite Commercial Property with Endless Possibilities For Sale

    0 1 Hecker Road Century, Century, FL 32535
    View Listing
    Property ID
    US18-5288233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 1 Hecker Road Century

    Lot size
    2.34 lot acres
    Property size
    3,686 SF
    Property type
    Commercial real estate
    APN
    055N303320000000

    Description

    This exceptional 2.34-acre commercial property in Century, Florida, presents a unique investment opportunity. Located at 1 E Hecker Rd, this 3,686 square foot retail space sits on a prominent highway frontage lot, offering excellent visibility and accessibility. The property features a main building with expansive rooms, gleaming hardwood floors, cased windows, plantation shutters, and multiple fireplace mantles. Architectural details suggest a graceful Southern Living style, enhanced by covered porches extending from both the front and rear of the structure. Outdoor amenities include a beautiful in-ground swimming pool, a carport, and a workshop. The property is further enhanced by mature hardwood trees throughout the spacious lot. The asking price is $550,000, and the property's APN is 055N303320000000. This location in Escambia County, Florida (zip code 32535) offers significant potential for a variety of commercial ventures, including, but not limited to, retail establishments. The property's size and features make it ideal for businesses seeking high visibility and ample space. This is an unparalleled opportunity to acquire a substantial commercial property in a desirable location.

    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
    Century
    County
    Escambia
    State
    Florida
    Longitude
    -87.2637799
    Latitude
    30.9732191

    Comparable in this City

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      23.30 Acres

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      14.51 Acres

      Land Near Salter Lake

      14.51 acres of recreational land near Salter Lake.
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      23.30 Acres

      23.3 Acres Corner Parcel Land

      23.3-acre corner parcel with pasture, hardwoods, and road frontage.
      1350 Highway 4 W, Century, FL 32535
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.30 Acres

      Vacant Lot in Century, FL

      Vacant land available in Escambia County, Century, Florida.
      9510 N Century Blvd, Century, FL 32535
      View Details
    • $189,000

      Land for Sale

      Land available on Salters Lake Rd, Century, Florida.
      296 Salters Lake Rd, Century, FL 32535
      View Details
    • $65,000
      4.80 Acres

      Highway Frontage Buildable Land

      4.8 acres with cleared land and road frontage.
      State Rd 4, Century, FL 32535
      View Details
    • $245,000
      38.14 Acres

      38 Acres in Century, Florida

      38-acre property near Hwy 4 and Hwy 29 in Century, Florida.
      Pleasant Hill Rd, Century, FL 32535
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      38.14 Acres

      38 Acres in Century, FL

      38 acre tract near Hwy 4 and Hwy 29 intersection.
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    • $280,080

      Land on Highway 4 Corner

      Corner lot land available on West Highway 4.
      1350 Highway 4 W, Century, FL 32535
      View Details
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    Century, FL 32535
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    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
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