Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16867 16th St Blountstown, FL 32424-1588
    Back to Search
    Property profile & analytics

    16867 16th St Blountstown, FL 32424-1588

    View on Map
    • Office Spaces
    • 2,480 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US18-5598969
    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

    • Willis Insurance Agency Inc / Insurance Agency

    Property Details for 16867 16th St

    Year built
    1994
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    2,480 SF
    Property type
    Office Spaces
    APN
    31-1N-08-0720-0025-0100
    APU
    311N08072000250100

    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
    Blountstown
    County
    Calhoun
    State
    Florida
    Longitude
    -85.0634
    Latitude
    30.4441

    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
    $1,155
    $21,000
    $54,991
    $75,991
    -
    $21,000
    $54,991
    $75,991

    Comparable in this City

    • Value Estimation by Request
      1,182 SF

      Mayhaw Dog Pound

      OFFICE (GENERAL) • 1,182 SF
      Mayhaw Dog Pound, Blountstown, FL 32424
      View Details
    • Value Estimation by Request
      1,311 SF

      17845 Main St Nins

      OFFICE (GENERAL) • 1,311 SF
      17845 Main St Nins, Blountstown, FL 32424-1400
      View Details
    • Value Estimation by Request
      1,608 SF

      17475 Main N St

      OFFICE (GENERAL) • 1,608 SF
      17475 Main N St, Blountstown, FL 32424-1766
      View Details
    • Value Estimation by Request
      2,110 SF

      16857 Pear St

      OFFICE (GENERAL) • 2,110 SF
      16857 Pear St, Blountstown, FL 32424-1774
      View Details
    • Value Estimation by Request
      2,058 SF

      17507 Sawmill Rd

      OFFICE (GENERAL) • 2,058 SF
      17507 Sawmill Rd, Blountstown, FL 32424-8512
      View Details
    • Value Estimation by Request
      2,055 SF

      19041 State Rd 20th W

      OFFICE (GENERAL) • 2,055 SF
      19041 State Rd 20th W, Blountstown, FL 32424-4984
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,340 SF

      Main Street Commercial Building

      Commercial building with storefront exposure in downtown Blountstown, Florida.
      20735 E Central Ave, Blountstown, FL 32424
      View Details
    • $82,800

      Land For Sale

      Land available on County Road 275, Blountstown, Florida.
      3 SW County Road 275, Blountstown, FL 32424
      View Details
    • Contact for pricing
      Pending

      Land Near Apalachicola River

      Land with home requiring repairs near Neal Landing Boat Ramp.
      16533 Southeast River St, Blountstown, FL 32424
      View Details
    • $349,900
      0.50 Acres

      Blountstown Triplex Investment Opportunity

      Multi-unit property near hospital, ideal for rental income.
      16548 S Sr 71, Blountstown, FL 32424
      View Details
    • $150,000
      3,446 SF

      Downtown Blountstown Commercial Building

      Restaurant Ready! High-Visibility Location.
      20737 Central Ave, Blountstown, FL 32424
      View Details
    • $175,000
      3,446 SF

      Blountstown Commercial Building - $175K

      Turn-key restaurant, prime location, high visibility.
      20737 Central Ave, Blountstown, FL 32424
      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.
    16867 16th St
    Blountstown, FL 32424-1588
    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
    16867 16th St, Blountstown, FL, 32424
    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!