Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14166 Alabama St Jay, FL 32565-1219
    Property profile & analytics

    14166 Alabama St, Jay, FL 32565-1219

    View on Map
    • Outlet malls
    • 8,640 SF
    • 0.74 lot acres
    Off-Market
    Last Sale Oct 26, 2023
    $425,000
    Property ID
    US18-3929788
    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

    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union

    Property Details for 14166 Alabama St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.74 lot acres
    Zone code
    CV-1
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    41-5N-29-0000-05001-0000
    APU
    415N290000050010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 26, 2023 $425,000 Ttd Vr LLC Florida Jay Alabama LLC Special Warranty Deed $225k · Florida Jay Albama LLC
    Jul 6, 2018 $462,000 Florida Jay Alabama LLC Morse Realty INC Warranty Deed $347k · Wells Fargo Bank NA
    May 20, 2016 $450,000 14166 Alabama Street Realty Trust Warrington,francis C III & Theresa J Warranty Deed $338k · City Nat'l Bk/fl
    May 20, 2016 — Warrington,francis C III Trust Warrington,francis C III & Theresa J Quit Claim Deed · related —
    Oct 6, 2006 $407,300 Warrington Francis C III Trust Kayvan Investments INC Warranty Deed —

    Description

    This exceptional 8,640-square-foot freestanding retail building, situated on a 0.74-acre lot in Jay, Florida, presents a remarkable leasing opportunity. Formerly a Dollar General, this single-story, 2002-built structure underwent renovations in 2012 and offers 8,000 square feet of vacant space, ideal for a variety of retail uses. The building's design is adaptable to diverse retail operations, and its location at 14166 S Alabama St provides excellent visibility. The property boasts ample parking and exterior display space, with lot dimensions of approximately 255 feet deep and 126 feet wide. Zoned C-R, this property benefits from its proximity to downtown Jay, ensuring high traffic and visibility. The building's single-tenant occupancy history and substantial square footage make it an attractive option for businesses seeking a prominent location in a growing community. This is a prime opportunity to establish a successful retail presence in a well-positioned, easily accessible location within Santa Rosa County. The property's solid construction and recent renovations ensure a move-in ready space, minimizing upfront investment and maximizing immediate operational efficiency. Don't miss this chance to secure a highly visible and functional retail space in a thriving Florida market.

    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
    Jay
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1504
    Latitude
    30.9518
    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
    $6,965
    $34,867
    $395,934
    $430,801
    -
    $34,867
    $395,934
    $430,801

    Comparable in this City

    • Value Estimation
      $1,435,000
      9,670 SF

      3946 Hwy 4th 4

      WHOLESALE OUTLET, DISCOUNT STORE
      3946 Hwy 4th 4, Jay, FL 32565
      View Details
    • Value Estimation
      $2,465,000
      15,279 SF

      14144 Alabama St

      WHOLESALE OUTLET, DISCOUNT STORE
      14144 Alabama St, Jay, FL 32565-1219
      View Details
    • Value Estimation
      $1,470,000
      9,920 SF

      12886 Hwy 87th N

      WHOLESALE OUTLET, DISCOUNT STORE
      12886 Hwy 87th N, Jay, FL 32565
      View Details
    • Value Estimation by Request
      1,600 SF

      3744 Hwy 4th 4

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3744 Hwy 4th 4, Jay, FL 32565-1755
      View Details
    • Value Estimation by Request
      12,471 SF

      3927 Hwy 4th 4

      FINANCIAL BUILDING
      3927 Hwy 4th 4, Jay, FL 32565-1704
      View Details
    • Value Estimation by Request
      3,170 SF

      3649 Hwy 4th 4

      AUTO REPAIR, GARAGE
      3649 Hwy 4th 4, Jay, FL 32565-1759
      View Details

    Similar Nearby for Sale

    • $110,000
      2.29 Acres

      Allentown Land Parcel For Sale

      2+ acre parcel in Crofton Farms, quiet country setting.
      Straw Brg Rd, Jay, FL 32565
      View Details
    • $325,000
      19.00 Acres

      Prime 19-Acre Corner Tract

      19 acres in Jay, Florida with development potential.
      19 Acres Hwy 89, Jay, FL 32565
      View Details
    • $99,900
      2.00 Acres

      Allentown Land Parcel For Sale

      Two-acre parcel in a peaceful setting near Milton, Florida.
      Straw Brg Rd, Jay, FL 32565
      View Details
    • $99,900
      2.00 Acres

      Allentown, FL Two-Acre Land Parcel

      Two-acre parcel in Crofton Farms, close to Milton.
      Straw Brg Rd, Jay, FL 32565
      View Details
    • $240,000
      5.92 Acres

      Land in NatureWalk Community

      5.92-acre lot in a prestigious Northwest Florida community.
      S Timber Ln, Jay, FL 32565
      View Details
    • $99,900
      2.00 Acres

      Allentown, FL Two-Acre Parcel

      Two-acre parcel in a quiet, peaceful setting near Milton.
      Straw Brg Rd, Jay, FL 32565
      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.
    14166 Alabama St
    Jay, FL 32565-1219
    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
    14166 Alabama St, Jay, FL, 32565
    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!