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    Property profile & analytics

    4651 Hwy 20 Niceville, FL 32578-9795

    • Grocery and convenience stores
    • 10,414 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Location Intelligence
    Property ID
    US18-6025783
    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

    • Fly Buy Convenience Store / Convenience Store / Gas Station
    • ATM (Fly By Convenience Store) / Atm
    • Shell / Gas Station

    Property Details for 4651 Hwy 20

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.62 lot acres
    Property size
    10,414 SF
    Property type
    Grocery and convenience stores
    APN
    24-1S-22-223A-000A-0010
    APU
    241S22223A000A0010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $585,000
      6.5%
      $580,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $605,000
      Retail
      $560,000
      Mixed-Use
      $540,000
      Hospitality
      $490,000
      Educational
      $500,000
      Residential Income
      $600,000
      Energy
      $570,000
      Income-Based Land
      $600,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Niceville
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.407
    Latitude
    30.4771
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, 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
    $5,278
    $410,301
    $127,725
    $538,026
    -
    $410,301
    $127,725
    $538,026

    Comparable in this City

    • Value Estimation by Request
      4,216 SF

      4612 Hwy 20

      CONVENIENCE STORE • 4,216 SF
      4612 Hwy 20, Niceville, FL 32578-9788
      View Details
    • Value Estimation
      $920,000
      4,734 SF

      410 John Sims E Pkwy

      CONVENIENCE STORE • 4,734 SF
      410 John Sims E Pkwy, Niceville, FL 32578-2026
      View Details
    • Value Estimation by Request
      9,361 SF

      4563 Hwy 20

      CONVENIENCE STORE • 9,361 SF
      4563 Hwy 20, Niceville, FL 32578-9702
      View Details
    • Value Estimation
      $965,000
      3,096 SF

      187 John Sims E Pkwy

      CONVENIENCE STORE • 3,096 SF
      187 John Sims E Pkwy, Niceville, FL 32578-2019
      View Details
    • Value Estimation
      $495,000
      7,205 SF

      1202 John Sims E Pkwy

      CONVENIENCE STORE • 7,205 SF
      1202 John Sims E Pkwy, Niceville, FL 32578-2206
      View Details
    • Value Estimation by Request
      0.70 Acres

      1030 John Sims E Pkwy

      GROCERY, SUPERMARKET • 0.70 Acres
      1030 John Sims E Pkwy, Niceville, FL 32578-2202
      View Details

    Similar Nearby for Sale

    • $1,395,000
      6,774 SF

      Retail Building in Niceville Area

      6,774 SF retail building in a prime Niceville location.
      95 John Sims Pkwy E, Niceville, FL 32578
      View Details
    • Contact for pricing

      Former Restaurant on John Sims

      Former Burger King with drive-thru near Eglin Air Force Base.
      297 John Sims Pkwy E, Niceville, FL 32578
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    • $1,900,000

      Waterfront Property with Marina in Niceville

      Waterfront property with 10-slip marina near Destin Pass.
      834 Bayshore Dr, Niceville, FL 32578
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    • $375,000
      0.02 Acres

      Prime Niceville Commercial Units

      Two Units, High Growth Area
      4400 Unit, Niceville, FL 32578
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    • $2,201,550

      Niceville Industrial Warehouse For Sale

      Prime Niceville location, versatile warehouse space.
      95 John Sims Pkwy, Niceville, FL 32578
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    • Contact for pricing
      3,750 SF

      Niceville Industrial Warehouse Space

      Large Warehouse, Two Bays, Great Location
      325 Cedar Ave, Niceville, FL 32578
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    Similar Nearby for Lease

    • $13 SF/Yr
      3,000 SF

      Niceville Retail/Office Freestanding Building

      3,000 SF retail/office space in the heart of Niceville.
      212 Government Ave, Niceville, FL 32578
      View Details
    • $1.00 SF/Yr
      1,918 SF

      Bluewater Bay Retail and Office

      Retail, restaurant, and office spaces available in Niceville, Florida.
      4512 Highway 20 E, Niceville, FL 32578
      View Details
    • $1.00 SF/Yr
      105,599 SF

      Bluewater Bay Commercial Spaces

      Niceville, FL retail & office suites.
      4506 Fl-20, Niceville, FL 32578
      View Details
    • Contact for pricing
      105,599 SF

      Bluewater Bay Retail/Office Space

      Retail, restaurant, and office spaces available in Niceville, Florida.
      4506-4546 Merchants Way, Niceville, FL 32578
      View Details
    • $1.12 SF/Yr

      Hwy 285 & College Blvd Land

      8.7-acre commercial parcel, prime location.
      0 Hwy 285 & College Blvd, Niceville, FL 32578
      View Details
    • $82,810
      73,616 SF

      Prime Niceville Land - Hwy 85 Access

      1.69 acres, ideal for various uses. Excellent location.
      Highway 85 N, Niceville, FL 32578
      View Details
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    4651 Hwy 20
    Niceville, FL 32578-9795
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    Realmo Value Estimation

    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.

    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.

    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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