Add Listing
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

    4018 Florida Ave Jay, FL 32565-1101

    • Individual retail properties
    • 4,024 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2021
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5223512
    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

    • Jay Fitness Center / Gym & Fitness Center
    • Herbalife - Jay Fitness Nutrition / Physician

    Property Details for 4018 Florida Ave

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    1.83 lot acres
    Property size
    4,024 SF
    Zone code
    RCPUDA
    Property type
    Individual retail properties
    APN
    41-5N-29-0000-01820-0000
    APU
    415N290000018200000

    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
    Jay
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.146
    Latitude
    30.9498
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    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
    $3,210
    $23,332
    $175,099
    $198,431
    -
    $23,332
    $175,099
    $198,431

    Comparable in this City

    • Value Estimation by Request
      1,436 SF

      13030 Hwy 87th N

      BARBER, HAIR SALON • 1,436 SF
      13030 Hwy 87th N, Jay, FL 32565-2306
      View Details
    • Value Estimation by Request
      925 SF

      3648 Hwy 4th 4

      BARBER, HAIR SALON • 925 SF
      3648 Hwy 4th 4, Jay, FL 32565-1758
      View Details
    • Value Estimation by Request
      5,056 SF

      3984 Hwy 4th 4

      BARBER, HAIR SALON • 5,056 SF
      3984 Hwy 4th 4, Jay, FL 32565-1751
      View Details
    • Value Estimation by Request
      1,400 SF

      13333 Hwy 89

      BARBER, HAIR SALON • 1,400 SF
      13333 Hwy 89, Jay, FL 32565-9179
      View Details
    • Value Estimation by Request
      1,344 SF

      12197 Chumuckla Hwy

      BARBER, HAIR SALON • 1,344 SF
      12197 Chumuckla Hwy, Jay, FL 32565-9502
      View Details
    • Value Estimation by Request
      12,471 SF

      3927 Hwy 4th 4

      FINANCIAL BUILDING • 12,471 SF
      3927 Hwy 4th 4, Jay, FL 32565-1704
      View Details

    Similar Nearby for Sale

    • $540,000
      30.00 Acres

      30+/- Acres Clear, Level For Sale in Jay, FL

      Farms • 30.00 Acres
      0 Shell Rd, Jay, FL 32565
      View Details
    • $489,900
      37.69 Acres

      Cleared Land Near Pond Creek

      37.69 acres of cleared land with utilities and barn.
      7410 Wendt Rd, Jay, FL 32565
      View Details
    • $314,900
      22.69 Acres

      Land For Sale in Jay

      22.69 acres of cleared land bordering Pond Creek.
      3500 Wendt Rd, Jay, FL 32565
      View Details
    • New
      $395,000
      15.04 Acres

      Spacious Homesite in NatureWalk Community

      15.04 acre homesite in prestigious Northwest Florida land community.
      Naturewalk Dr, Jay, FL 32565
      View Details
    • $119,000
      15.00 Acres

      15 Acres of Timberland

      15 acres of land near Jay, Florida, ideal for recreation.
      17C Polktown Rd, Jay, FL 32565
      View Details
    • $175,000
      13.08 Acres

      Buildable Land with Pond Frontage

      13+ acre parcel in Chumuckla with barn and utilities.
      Highway 182, Jay, FL 32565
      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.
    4018 Florida Ave
    Jay, FL 32565-1101
    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!