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    Property profile & analytics

    19 State Hwy 20th W Freeport, FL 32439-3814

    • Retail space
    • 3,420 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimation
    $535,000
    Last Sale
    Feb 28, 2023
    $550,000
    Location Intelligence
    Property ID
    US18-6186715
    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 19 State Hwy 20th W

    Year built
    1950
    Lot size
    0.88 lot acres
    Property size
    3,420 SF
    Property type
    Retail space
    APN
    15-1S-19-23040-006-001A
    APU
    151S1923040006001A

    Description

    This exceptional commercial property in Freeport, Florida, presents a unique investment opportunity. Located at 19 State Highway 20, this expansive 91,476 square foot lot (approximately 2 acres) offers significant potential for a variety of commercial ventures. The property is zoned C1 and RC commercial, providing flexibility for diverse business plans, from retail establishments to office complexes. Its strategic location ensures high visibility and accessibility, capitalizing on the area's bustling activity. The asking price is $1,250,000. This offering includes four separate parcels, providing additional development options. Detailed parcel information is available in the accompanying documents. Built in 1950, this property offers a blank canvas for your commercial vision, allowing you to create a space tailored to your specific business needs. Don't miss this chance to establish your presence in this thriving Freeport community. Seize this opportunity to build your commercial success in a prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $560,000
      6.5%
      $605,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $575,000
      Mixed-Use
      $680,000
      Hospitality
      $645,000
      Educational
      $610,000
      Residential Income
      $645,000
      Energy
      $555,000
      Income-Based Land
      $675,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.1366
    Latitude
    30.4977
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, 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
    $2,183
    $92,805
    $43,058
    $135,863
    -
    $92,805
    $43,058
    $135,863

    Comparable in this City

    • Value Estimation by Request
      960 SF

      114 State Hwy 20th E

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      114 State Hwy 20th E, Freeport, FL 32439-3917
      View Details
    • Value Estimation by Request
      2.98 Acres

      Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2.98 Acres
      Washington St, Freeport, FL 32439
      View Details
    • Value Estimation
      $255,000
      1.41 Acres

      Freeport, FL 32439

      RETAIL STORES (PERSONAL SERVICES) • 1.41 Acres
      Freeport, FL 32439
      View Details
    • Value Estimation
      $790,000
      6,806 SF

      247 State Hwy 20th E

      RETAIL STORES (PERSONAL SERVICES) • 6,806 SF
      247 State Hwy 20th E, Freeport, FL 32439-3929
      View Details
    • Value Estimation
      $235,000
      1,200 SF

      17391 Us Hwy 331st S

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      17391 Us Hwy 331st S, Freeport, FL 32439-4207
      View Details
    • Value Estimation by Request
      1,800 SF

      141 State Hwy 20th E

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      141 State Hwy 20th E, Freeport, FL 32439
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      5.00 Acres

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    Similar Nearby for Lease

    • $30 SF/Yr

      Highway 331 Retail Space

      3,000 SF retail building on 1.4 acres for lease.
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      View Details
    • $85,000
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      Us Highway 331, Freeport, FL 32439
      View Details
    • $43 SF/Yr
      1,576 SF

      Retail Space on US-331

      Retail space for lease in Freeport, FL, coming Spring 2026.
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      View Details
    • $14 SF/Yr
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      Freeport Industrial Space Available

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      363 Bulldog Rd, Freeport, FL 32439
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    • $30 SF/Yr
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      New Class A Office Building

      New Class A office building in growing Freeport market.
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    • $21 SF/Yr
      39,986 SF

      40,000 SF Warehouse Development

      High-visibility warehouse space with easy highway access in growing market.
      20431 Us Highway 331 S, Freeport, FL 32439
      View Details
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    19 State Hwy 20th W
    Freeport, FL 32439-3814
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    Realmo Value Estimation

    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.

    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.

    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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