Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2873 Highway 71 Marianna, FL 32446

    • Retail space
    • 4,224 SF
    • 1.34 lot acres
    For Sale
    View listing
    $299,900
    Last Sale
    Apr 09, 2025
    $270,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5279097
    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 2873 Highway 71

    Year built
    1962
    Construction
    STEEL FRAME
    Lot size
    1.34 lot acres
    Property size
    4,224 SF
    Property type
    Retail space
    APN
    02-4N-10-0358-0000-0270
    APU
    024N10035800000270

    Description

    This exceptional commercial property, located at 2873 Highway 71 in Marianna, Florida, presents a unique investment opportunity. The 1.34-acre lot boasts a substantial 4,224 square foot building, offering ample space for a variety of commercial ventures. Over 1,100 square feet of the building is climate-controlled, providing comfortable workspace. The property's history as a thriving feed and seed store speaks to its strong potential for future success. Its strategic location offers excellent visibility and accessibility, enhanced by access from three different roads. The building's substantial size and the ample lot space provide flexibility for various business models, from retail to light industrial uses. The property is priced competitively at $299,900, representing a significant value for its size, location, and potential. This is an ideal opportunity for an entrepreneur seeking a well-situated commercial space in a growing area. The existing structure provides a solid foundation for immediate occupancy or renovation, allowing for customization to meet specific business needs. The property's multiple road access points ensure convenient access for customers and deliveries. Don't miss this chance to acquire a prime commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $224,000
      Market price range: $116k - $366k
      AI Estimate
      $238,000
      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
    -85.1996
    Latitude
    30.7736

    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
    $2,514
    $119,845
    $71,484
    $191,329
    -
    $119,845
    $71,484
    $191,329

    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
      $220,000
      4,235 SF

      2811 Hwy 71

      RETAIL STORES (PERSONAL SERVICES) • 4,235 SF
      2811 Hwy 71, Marianna, FL 32446-1890
      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

    Similar Nearby for Sale

    • $225,000
      3,836 SF

      Highway 90 Commercial Building

      3,836 sq ft commercial building on Highway 90.
      3905 Highway 90, Marianna, FL 32446
      View Details
    • $729,000
      21,226 SF

      Marianna Retail Investment Opportunity

      High-income potential retail space in Marianna, FL
      4440 Lafayette St, Marianna, FL 32446
      View Details
    • $1,500,000
      14,500 SF

      Prime Marianna Retail Space

      High-traffic retail building, 14,500 sq ft
      4102 Lafayette St, Marianna, FL 32446
      View Details
    • $225,000
      4,362 SF

      Hwy 90 Retail Building, Marianna, FL

      Vacant Retail Space, High Traffic Area
      4672 Hwy 90 Hwy, Marianna, FL 32446
      View Details
    • $199,900
      4,504 SF

      Prime Marianna Retail Corner Lot

      High-traffic Hwy 90 location, ready for development.
      4189 Lafayette St, Marianna, FL 32446
      View Details
    • $1,068,500
      7,058 SF

      Highway Frontage Auto Shop

      Auto shop on major highway with strong national tenant.
      4753 Highway 90, Marianna, FL 32446
      View Details

    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
    • $14 SF/Yr
      3,300 SF

      Modern Medical Office Space Available

      Modern medical office space with ample parking and convenient location.
      4320 5Th Ave, 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
      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.
    2873 Highway 71
    Marianna, FL 32446
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.