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    2429 Hwy 29 Cantonment, FL 32533-5809
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    Property profile & analytics

    2429 Hwy 29, Cantonment, FL 32533-5809

    View on Map
    • Commercial land
    • 1.49 lot acres
    Off-Market
    Last Sale Oct 20, 2023
    Property ID
    US18-4396255
    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

    • Ronny's Car Wash / Car Wash

    Property Details for 2429 Hwy 29

    Lot size
    1.49 lot acres
    Zone code
    HC/LI
    Property type
    Commercial land
    APN
    20-1N-30-3401-000-001
    APU
    201N303401000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 20, 2023 — Ronnys Car Wash Of Gonzalez LLC Harding R Douglas Warranty Deed $3M · Smartbank
    Aug 5, 2021 $119,000 Harding R Douglas Hwy 29 Triangle LLC Warranty Deed —
    Aug 16, 2018 — Hwy 29 Triangle LLC Pair Exchange LLC Warranty Deed · related —
    Dec 13, 2006 — Pair Exchange LLC Pair,matt Quit Claim Deed · related —
    Nov 12, 2004 $50,100 Blue Angel LLC Tlc Properties INC Warranty Deed —

    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
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.2888
    Latitude
    30.565
    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
    $1,361
    $0.00
    $0.00
    $101,450
    -
    $101,450
    $0.00
    $101,450

    Comparable in this City

    • Value Estimation by Request

      21.3 AC Land For Sale Fronting on Hwy 29

      21.3 AC Land For Sale Fronting on Hwy 29
      389 S. Hwy 29, Cantonment, FL 32533
      View Details
    • Value Estimation by Request
      0.58 Acres

      Pensacola Blvd

      VACANT COMMERCIAL LAND
      Pensacola Blvd, Cantonment, FL 32533
      View Details
    • Value Estimation by Request
      2.38 Acres

      Pensacola Blvd

      VACANT COMMERCIAL LAND
      Pensacola Blvd, Cantonment, FL 32533
      View Details
    • Value Estimation by Request
      0.70 Acres

      1400 Blk Chemstrand Rd

      VACANT COMMERCIAL LAND
      1400 Blk Chemstrand Rd, Cantonment, FL 32533
      View Details
    • Value Estimation by Request
      0.65 Acres

      585 Hwy 29

      VACANT COMMERCIAL LAND
      585 Hwy 29, Cantonment, FL 32533-8664
      View Details
    • Value Estimation by Request
      0.86 Acres

      980 Hwy 29

      VACANT COMMERCIAL LAND
      980 Hwy 29, Cantonment, FL 32533-9510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.68 Acres

      Cantonment, FL Vacant Land

      Vacant 0.68 acre parcel in Cantonment, Florida.
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      View Details
    • $1,100,000
      1.44 Acres

      Prime Commercial/Industrial Land Opportunity

      1.44-acre commercial parcel near I-10 & Nine Mile Road.
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    • $459,900
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      Cantonment, FL 10-Acre Land

      10-acre property with road frontage, suitable for residential/commercial development.
      3400 Highway 29 N, Cantonment, FL 32533
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    • Contact for pricing

      Cantonment Land For Sale

      Land with high traffic volume in a great location.
      2900 Highway 29 N, Cantonment, FL 32533
      View Details
    • $40,000
      Pending

      Cantonment, FL Vacant Land

      Vacant lot in Cantonment, Escambia County, Florida.
      2733 Ashbury Ln, Cantonment, FL 32533
      View Details

    Similar Nearby for Lease

    • $75,000

      Prime Commercial Land Lease Opportunity

      Highly visible land with direct access to Nine Mile Road.
      1554 West Nine Mile Rd, Pensacola, FL 32533
      View Details
    • Contact for pricing

      Corner Lot Development Opportunity

      4.5 acre corner lot for commercial/residential development.
      700 N Blk 29 Hwy, Cantonment, FL 32533
      View Details
    • $6 SF/Yr

      Cantonment Warehouse with Rail Access

      16,418 SF warehouse with office space and rail access.
      410 Washington St, Cantonment, FL 32533
      View Details
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    Cantonment, FL 32533-5809
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    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
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