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    Property profile & analytics

    3024 4th St Marianna, FL 32446-2125

    • Medical Office Space
    • 1,643 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3460560
    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

    • Jackson Anesthesia Associates Inc / Medical Clinic
    • Gullet Devin J / Physician
    • Bird Bryan K / Physician
    • Smith Jason C / Physician

    Property Details for 3024 4th St

    Year built
    1952
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    1,643 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    33-5N-10-0304-0190-0120
    APU
    335N10030401900120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marianna
    County
    Jackson
    State
    Florida
    Longitude
    -85.2362
    Latitude
    30.7853

    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
    $1,726
    $44,000
    $62,951
    $106,951
    -
    $44,000
    $62,951
    $106,951

    Comparable in this City

    • Value Estimation
      $1,920,000
      37,717 SF

      4258 2nd Ave

      MEDICAL BUILDING • 37,717 SF
      4258 2nd Ave, Marianna, FL 32446-1905
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    • Value Estimation by Request
      1,460 SF

      4306 5th Ave

      MEDICAL BUILDING • 1,460 SF
      4306 5th Ave, Marianna, FL 32446-2151
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    • Value Estimation by Request
      3,027 SF

      4316 5th Ave

      MEDICAL BUILDING • 3,027 SF
      4316 5th Ave, Marianna, FL 32446-2182
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    • Value Estimation by Request
      3,554 SF

      3031 6th St

      MEDICAL BUILDING • 3,554 SF
      3031 6th St, Marianna, FL 32446-1930
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    • Value Estimation by Request
      7,240 SF

      2860 Hwy 71

      MEDICAL BUILDING • 7,240 SF
      2860 Hwy 71, Marianna, FL 32446-1867
      View Details
    • Value Estimation by Request
      3,638 SF

      3017 Hwy 71

      MEDICAL BUILDING • 3,638 SF
      3017 Hwy 71, Marianna, FL 32446-1843
      View Details

    Similar Nearby for Sale

    • $2,145,000
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      Marianna Medical Office Building

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      4357 Lafayette St, Marianna, FL 32446
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    • $2,145,000

      Freestanding Medical Building For Sale

      Two-story medical building in Marianna's retail corridor, 100% leased.
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    • $2,145,000
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      Medical/Professional Office Suite For Sale

      High-visibility medical/professional office suite with first-class finishes.
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    • $2,145,000
      10,900 SF

      Freestanding Medical Building in Marianna

      Two-story medical building in Marianna's retail corridor, 100% leased.
      4357 Lafayette St, Marianna, FL 32446
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    • $99,000
      1,604 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
      4290 5Th Ave, Marianna, FL 32446
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    • $150,000
      1,965 SF

      Medical Office Space in Marianna

      Office space in medical community near Jackson Hospital.
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    Similar Nearby for Lease

    • $14 SF/Yr
      3,300 SF

      Marianna Medical Office Space Available

      Turn-key 3,300 SF medical office space for lease.
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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.
      4320 5Th Ave, Marianna, FL 32446
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    • $11 SF/Yr
      3,090 SF

      Prime Marianna Office Space

      Downtown Marianna, 3090 sq ft, Move-in Ready
      4431 Lafayette St, Marianna, FL 32446
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    • $10 SF/Yr

      Versatile Industrial/Flex Space Available

      Industrial/flex space with office, heated garage, and parking.
      4462 Lafayette St, Marianna, FL 32446
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    • $0.01 SF/Yr
      12,066 SF

      Prime Marianna Retail Space

      12,066 SF Retail Building in FL
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    • $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
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    Marianna, FL 32446-2125
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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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