Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2853 Airport Rd Crestview, FL 32539

    Property Lookup

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

    2853 Airport Rd Crestview, FL 32539

    View on Map
    • Commercial land
    For Sale
    $1,650,000
    View Listing →
    9.7 Acres Prime Land Parcel For Sale
    $1,650,000

    9.7 Acres Prime Land Parcel

    9.7+/- acre residential land parcel suitable for commercial rezoning.

    2853 Airport Rd, Crestview, FL 32539
    View Listing
    Property ID
    US18-4854816
    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

    • Commercial land

    Property Details for 2853 Airport Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Annex or rezone county C-1 Commercial or Mixed use. Are you looking for a great investment opportunity? Look no further than this 9.7+/- acre parcel of prime land! Zoned as residential (R1) with 330 feet of paved road frontage, this property is perfectly situated for a variety of uses. Located north of town in an area experiencing rapid growth, this property is just a short drive from local schools, the hospital, north Publix, a variety of restaurants, and the Crestview Commons. With easy access to Hwy 85, Hwy 90, and I-10, this property is in a highly convenient location. Don't miss out on this chance to invest in the future of this thriving community!

    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
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5544629
    Latitude
    30.7966574

    Comparable in this City

    • $300,000

      Crestview Commercial Hard Corner Parcel

      1.39 acre commercial mixed-use land parcel for sale.
      5242 Highway 393, Crestview, FL 32539
      View Details
    • $549,000

      Commercial Lot in Crestview Heart

      Corner commercial lot with road frontage in Crestview, Florida.
      542 E Pine Ave, Crestview, FL 32539
      View Details
    • $2,500,000

      Land on Highway 90 Frontage

      Land with frontage on Highway 90 near residential developments.
      3742 Highway 90, Crestview, FL 32539
      View Details
    • $315,999
      1.88 Acres

      Vacant Commercial Lot in Crestview

      1.88-acre commercial lot in a desirable Crestview neighborhood.
      423 Brookmeade Dr, Crestview, FL 32539
      View Details
    • $315,999

      Vacant Commercial Lot For Sale

      Commercial lot in a desirable neighborhood, convenient to amenities.
      423 Brookmeade Dr, Crestview, FL 32539
      View Details

    Similar Nearby for Sale

    • $2,795,000

      Commercial Property in Crestview, FL

      8-acre commercial property with multiple access points in high-growth area.
      4253 Hugo Ln, Crestview, FL 32539
      View Details
    • $120,000

      Cleared Crestview Lot with Building

      Vacant .30-acre lot with steel building and utilities.
      5509 Cone Dr, Crestview, FL 32539
      View Details
    • $500,000

      Commercial Lots in Central Crestview

      Two commercial lots with excellent visibility on Hwy 85 S.
      6 Walnut Ave East, Crestview, FL 32539
      View Details
    • $1,650,000

      Prime Land Investment Opportunity

      9.7+/- acre parcel zoned residential, ideal for various uses.
      2853 Airport Rd, Crestview, FL 32539
      View Details
    • $600,000

      Crestview Land For Sale

      5-acre mixed-use land in Crestview, FL, near new developments.
      5AC Victory Ln, Crestview, FL 32539
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Parcel For Sale

      1.39 acre commercial mixed-use land parcel available for sale.
      5242 Highway 393, Crestview, FL 32539
      View Details
    • $4,500 /Mo

      Spacious Commercial Property with Acreage

      4.47-acre commercial property with Quonset hut and RV amenities.
      4156 Painter Branch Rd, Crestview, FL 32539
      View Details
    • Contact for pricing

      Vacant Land Parcels For Sale

      Multiple vacant land parcels totaling over 1,171 acres for sale.
      4235 Us Highway 90, Crestview, FL 32539
      View Details
    • $6,000 /Mo

      Commercial Land Ground Lease Opportunity

      Ground lease opportunity in growing Crestview commercial corridor.
      333 S Ferdon Blvd, Crestview, FL 32539
      View Details
    • Contact for pricing
      48,808 SF

      Crestview Retail Outparcels: Prime Location

      Three buildings, high visibility, flexible space.
      0 Industrial Dr, Crestview, FL 32539
      View Details
    • Contact for pricing

      Versatile Commercial Property with Expansion Potential

      Retail/office space with ample room for parking or storage.
      2785 Goodwin Ave, Crestview, FL 32539
      View Details
    View Listing
    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.
    2853 Airport Rd
    Crestview, FL 32539
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!