Property profile

20 Hwy 99 Mc David, FL 32568

OFF-MARKET
Outlet malls
Property ID
US19-0342362
4,907 SF 1 ac lot Built 1971
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This versatile 0.94-acre property at 20 S Hwy 99 in Walnut Hill, Florida (zip code 32568), offers a unique investment opportunity. Built in 1971, the single building boasts a flexible layout previously used as a tractor/lawnmower repair and supply house, and also as a retail facility. The property features a small showroom and office, complemented by a spacious warehouse or work area with large roll-up and sliding doors, ideal for various uses. Additional covered outdoor parking or storage is available. The warehouse features high ceilings, suitable for a range of applications. The location provides excellent visibility from Highways 97 and 99, benefiting from high traffic counts on Hwy 97 and a prime position directly across from a new Dollar General store. The property is zoned RMU and presents a strong potential for various retail, convenience store, or daycare/nursery uses. This property is a rare find in a high-traffic area, offering significant potential for return on investment. The asking price is $295,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 4,907 SF
Lot 1 ac (43,560 SF)
Zoning code RMU
APN 05-4N-32-4304-000-001
UPID US19-0342362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20 Hwy 99 Mc David, FL 32568-1600
Mc David metro Census 3800 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2014
3 recorded transactions
2014
$49,000
2012
$19,900
2007
$236,500

Zoning & alternative use

RMU · Mc David, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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