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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2811 Highway 71 Marianna, FL 32446

    • Retail space
    • 4,235 SF
    • 0.55 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Aug 10, 2021
    $205,000
    Value Estimations
    $220,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4338885
    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 2811 Highway 71

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    0.55 lot acres
    Property size
    4,235 SF
    Property type
    Retail space
    APN
    02-4N-10-0000-0390-0020
    APU
    024N10000003900020

    Description

    This exceptional free-standing office building, located at 2811 Highway 71 in Marianna, Florida, presents a compelling passive investment opportunity. Built in 1997, the single-unit property boasts a prime location within a thriving commercial corridor, surrounded by established national and local businesses. The property features a substantial 24,000 square foot lot, providing ample space and 30 parking spots for convenience. Currently operating under a Triple Net Lease with Kyle Smoke Shop, this investment offers a strong capitalization rate. The building itself is classified as an office property and is situated in a high-traffic area, ensuring consistent visibility and accessibility. The zip code is 32446. The asking price for this turnkey investment is $600,000. This presents a rare chance to acquire a well-located, income-producing asset in a growing Florida market. The property's strong tenant and favorable lease terms make it an attractive option for investors seeking stable returns. The location's proximity to various amenities further enhances its appeal. This is an excellent opportunity to add a high-performing asset to your portfolio. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $205,000
      ML approach
      $155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $272,000
      Market price range: $116k - $366k
      AI Estimate
      $290,000
      Market price range: $114k - $366k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $230,000
      Current use
      OFFICE BUILDING
      $295,000
      Change: +29% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.2045
    Latitude
    30.7698

    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
    $3,057
    $108,595
    $124,012
    $232,607
    -
    $108,595
    $124,012
    $232,607

    Comparable in this City

    • Value Estimation
      $315,000
      13,760 SF

      4376 Lafayette St

      RETAIL STORES (PERSONAL SERVICES) • 13,760 SF
      4376 Lafayette St, Marianna, FL 32446-3364
      View Details
    • Value Estimation
      $240,000
      4,536 SF

      4430 Lafayette St

      RETAIL STORES (PERSONAL SERVICES) • 4,536 SF
      4430 Lafayette St, Marianna, FL 32446-3405
      View Details
    • Value Estimation
      $4,800,000
      4,416 SF

      4204 Lafayette St Sta, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 4,416 SF
      4204 Lafayette St Sta, Marianna, FL 32446-8234
      View Details
    • Value Estimation
      $225,000
      2,606 SF

      4664 Hwy 90

      RETAIL STORES (PERSONAL SERVICES) • 2,606 SF
      4664 Hwy 90, Marianna, FL 32446-3501
      View Details
    • Value Estimation by Request
      2,940 SF

      2996 Solitaire Trl

      RETAIL STORES (PERSONAL SERVICES) • 2,940 SF
      2996 Solitaire Trl, Marianna, FL 32446-6739
      View Details
    • Value Estimation
      $265,000
      3,812 SF

      4130 Hwy 231

      RETAIL STORES (PERSONAL SERVICES) • 3,812 SF
      4130 Hwy 231, Marianna, FL 32446-5603
      View Details

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      Marianna Industrial/Flex Space For Sale

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      Marianna Retail Investment Opportunity

      High-income potential retail space in Marianna, FL
      4440 Lafayette St, Marianna, FL 32446
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    • $1,500,000
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      Prime Marianna Retail Space

      High-traffic retail building, 14,500 sq ft
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      Prime Marianna Retail Corner Lot

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    Similar Nearby for Lease

    • $15 SF/Yr
      3,456 SF

      Retail Building on High-Traffic Road

      3,456 SF retail building with high visibility in Marianna.
      2811 Highway 71, Marianna, FL 32446
      View Details
    • $0.01 SF/Yr
      12,066 SF

      Prime Marianna Retail Space

      12,066 SF Retail Building in FL
      4102 Lafayette St, Marianna, FL 32446
      View Details
    • $11 SF/Yr
      3,090 SF

      Prime Marianna Office Space

      Downtown Marianna, 3090 sq ft, Move-in Ready
      4431 Lafayette St, Marianna, FL 32446
      View Details
    • $5,000 /Mo

      Marianna, FL Commercial Loading Dock

      Loading dock facility with secured fencing and storage containers.
      3529 Russell Rd, Marianna, FL 32446
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    • $14 SF/Yr
      3,300 SF

      Modern Medical Office Space Available

      Modern medical office space with ample parking and convenient location.
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      View Details
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    2811 Highway 71
    Marianna, FL 32446
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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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