Unknown, Niceville, FL 32578
For Sale
1 / 2
This exceptional 3.47-acre parcel is situated on John Sims Parkway in Niceville, Florida, a high-traffic area offering significant commercial potential. The property presents a unique investment opportunity due to its prime location on a major thoroughfare. The substantial lot size allows for a variety of development possibilities, catering to diverse business needs. While the square footage of any existing structures is not specified, the land itself is the key asset. The property is currently subject to an annual ground lease with a rate of $237,000. This established lease provides immediate and substantial income potential for the investor. Given the strategic location and the existing lease, this property represents a compelling investment opportunity for those seeking a strong return on investment in a thriving commercial area. The high visibility and accessibility of the John Sims Parkway location make this an ideal site for a wide range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this exceptional property. The asking price for this significant land holding is $19,750. This represents a rare chance to acquire a substantial commercial property in a prime Niceville location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.