Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1958 Serosa Dr Navarre, FL 32566-8536
    Back to Search
    Property profile & analytics

    1958 Serosa Dr, Navarre, FL 32566-8536

    View on Map
    • Investment properties
    • 2,700 SF
    • 0.67 lot acres
    Off-Market
    Last Sale Dec 20, 2024
    $310,000
    Property ID
    US18-6686995
    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

    • Investment properties

    Property Details for 1958 Serosa Dr

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    0.67 lot acres
    Zone code
    R1M
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-2S-27-0000-02712-0000
    APU
    232S270000027120000

    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
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9252
    Latitude
    30.4061
    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
    $1,220
    $40,500
    $53,177
    $93,677
    -
    $40,500
    $53,177
    $93,677

    Comparable in this City

    • Value Estimation by Request
      576 SF

      Cres Wood Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      Cres Wood Rd, Navarre, FL 32566
      View Details
    • Value Estimation by Request
      2,050 SF

      1719 Briza Del Mar Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      1719 Briza Del Mar Dr, Navarre, FL 32566-7324
      View Details
    • Value Estimation by Request
      2,392 SF

      8111 Navarre Pkwy

      OFFICE/RESIDENTIAL (MIXED USE)
      8111 Navarre Pkwy, Navarre, FL 32566-6907
      View Details
    • Value Estimation by Request
      3,604 SF

      9648 Bone Blf Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      9648 Bone Blf Dr, Navarre, FL 32566-2550
      View Details
    • Value Estimation by Request
      839 SF

      7614 Forester Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      7614 Forester Rd, Navarre, FL 32566-9633
      View Details
    • Value Estimation by Request
      2,970 SF

      8530 Shadesview Pl

      OFFICE/RESIDENTIAL (MIXED USE)
      8530 Shadesview Pl, Navarre, FL 32566-3102
      View Details

    Similar Nearby for Sale

    • $479,000

      Corner Lot Live-Work Opportunity

      Prime commercial lot in Navarre, ideal for live-work development.
      000 Frontera St, Navarre, FL 32566
      View Details
    • $1,050,000

      Waterfront Commercial Lot For Sale

      1.84-acre commercial lot with waterfront and highway frontage.
      00000 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $625,000
      0.04 Acres

      Navarre Commercial Property Investment

      High-traffic location, multi-use potential.
      7552 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $399,000
      1.39 Acres

      Navarre Hwy 98 Commercial Land

      High-growth Navarre commercial lot. Prime Hwy 98 location.
      Xx Navarre Pkwy, Navarre, FL 32566
      View Details
    • Contact for pricing

      Navarre Beach Vacant Land Opportunity

      Vacant 0.079-acre lot with utilities near Navarre Beach.
      1401 Tina Dr, Navarre, FL 32566
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,761 SF

      Navarre Office Space For Rent

      Office space available for lease in Navarre, Florida.
      8888 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $95,000

      Cleared Navarre Commercial Land Lease

      2.54-acre cleared lot in high-traffic area, close to beach.
      9040 Navarre Pkwy, Navarre, FL 32566
      View Details
    • Contact for pricing

      Navarre Parkway Development Opportunity

      Commercial land available for development with drive-thru potential.
      7100 Block Navarre Pkwy, Navarre, FL 32566
      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.
    1958 Serosa Dr
    Navarre, FL 32566-8536
    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
    1958 Serosa Dr, Navarre, FL, 32566
    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!