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Property profile & analytics
OFF-MARKET
Office buildings

3831 Hwy 77 Chipley, FL 32428-4945

864 SF 3 ac lot Built 1984
Individually Owned Free & Clear
Property ID
US18-8267529
Property summary
AI-generated overview

This exceptional 3-acre commercial property in Chipley, Florida, presents a lucrative income-producing opportunity. Boasting approximately 384 feet of frontage on Highway 77, a road currently undergoing significant expansion, this location benefits from high visibility and substantial traffic. The Florida Department of Transportation reported an AADT of 5,300 vehicles in 2023. The property includes an 864-square-foot renovated block building currently operating as a one-bedroom, one-bathroom rental house. Also included is a substantial 3,000+ square-foot, three-bay garage featuring an office, two 11,000-pound capacity two-post lifts, an industrial air compressor, and a bathroom. A 50' x 25' pole barn adds further versatility. This rapidly developing area of Washington County sees numerous new homes under construction and many more planned in neighboring communities, along with other large-scale construction projects. The property's convenient location offers easy access to I-10 to the north and the Emerald Coast beaches to the south. The existing structures offer multiple possibilities, from a live-work arrangement to various commercial ventures. The ample space allows for expansion, additional construction, or utilization of the existing buildings for a diverse range of businesses. The potential for growth and diverse uses makes this a truly unique investment opportunity. Inquiries regarding adjacent parcels are welcome.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 864 SF
Lot 3 ac (130,680 SF)
APN 38290006
UPID US18-8267529
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
RONALD J SMALL JR
RONALD J SMALL JR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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