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

    10481 Hwy 97 Mc David, FL 32568-1813

    • Retail space
    • 1,449 SF
    • 0.41 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2022
    $275,000
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    6.8%
    Retail space
    Location Intelligence
    Property ID
    US18-4662162
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 10481 Hwy 97

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    1,449 SF
    Zone code
    AGR
    Property type
    Retail space
    APN
    12-5N-33-1101-000-002
    APU
    125N331101000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $250,000
      7%
      $235,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $180,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $220,000
      Change: +21% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $205,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $195,000
      Change: +8% Conversion: Easy
      COMMERCIAL (GENERAL)
      $195,000
      Change: +6% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mc David
    County
    Escambia
    State
    Florida
    Longitude
    -87.4891
    Latitude
    30.9742
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $999
    $0.00
    $0.00
    $65,897
    -
    $2,214
    $63,683
    $65,897

    Comparable in this City

    • Value Estimation
      $175,000
      2,282 SF

      11291 Hwy 97

      RETAIL STORES (PERSONAL SERVICES) • 2,282 SF
      11291 Hwy 97, Mc David, FL 32568-1821
      View Details
    • Value Estimation by Request
      422 SF

      7651 Hwy 97

      RETAIL STORES (PERSONAL SERVICES) • 422 SF
      7651 Hwy 97, Mc David, FL 32568-1730
      View Details
    • Value Estimation
      $315,000
      4,591 SF

      10251 Hwy 97a

      RETAIL STORES (PERSONAL SERVICES) • 4,591 SF
      10251 Hwy 97a, Mc David, FL 32568
      View Details
    • Value Estimation
      $1,285,000
      10,749 SF

      7100 Hwy 97

      RETAIL STORES (PERSONAL SERVICES) • 10,749 SF
      7100 Hwy 97, Mc David, FL 32568-1632
      View Details
    • Value Estimation by Request
      504 SF

      8640 Hwy 97

      RETAIL STORES (PERSONAL SERVICES) • 504 SF
      8640 Hwy 97, Mc David, FL 32568-1720
      View Details
    • Value Estimation by Request
      10,000 SF

      8100 Nokomis Rd, Unit BLK

      SHOW ROOM, WAREHOUSE • 10,000 SF
      8100 Nokomis Rd, Mc David, FL 32568-1010
      View Details

    Similar Nearby for Sale

    • $249,000
      26.30 Acres

      26-Acre Wooded Land Tract

      26-acre wooded land tract with extensive road frontage in McDavid, FL.
      3000 N Pine Barren Rd, Mc David, FL 32568
      View Details
    • $399,000
      37.00 Acres

      Secluded 37-Acre Land Parcel

      37 acres of secluded, naturally wooded land in Mcdavid, Florida.
      6300 Blk Deer Lk Rd, Mc David, FL 32568
      View Details
    • $399,000
      39.12 Acres

      39 Acres of Serene Land

      Beautiful 39-acre land tract perfect for country living.
      000 Nokomis Rd, Mc David, FL 32568
      View Details
    • $266,400
      29.60 Acres

      30 Acres of Fertile Land

      Level, fertile land perfect for a dream home or hobby farm.
      5400 Blk Rockaway Crk Rd, Mc David, FL 32568
      View Details
    • $60,000
      3.65 Acres

      Secluded Wooded Paradise in McDavid

      3.65-acre wooded lot in McDavid, close to amenities.
      10961 Highway 97, Mc David, FL 32568
      View Details
    • $200,000
      12.45 Acres

      Cleared Land Parcel, Mcdavid, FL

      12.45 acres of cleared land ready for development.
      120 W Roach Rd, Mc David, FL 32568
      View Details

    Similar Nearby for Lease

    • $11,500 /Mo

      85 Acres of Prime Crop Land

      85 acre tract of prime crop land for rent.
      4900 Highway 97, Mc David, FL 32568
      View Details
    • $13,500 /Mo

      101 Acre Land Tract For Rent

      Versatile 101 acre land tract for rent.
      5600 Highway 97, Mc David, FL 32568
      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.
    10481 Hwy 97
    Mc David, FL 32568-1813
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.