Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    517 Fitness Rd Southport, FL 32409-2585
    Back to Search
    Property profile & analytics

    517 Fitness Rd, Southport, FL 32409-2585

    View on Map
    • Commercial land
    • 1,064 SF
    • 3.39 lot acres
    Off-Market
    Property ID
    US18-0338653
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 517 Fitness Rd

    Year built
    1994
    Lot size
    3.39 lot acres
    Zone code
    BC05
    Property type
    Commercial land
    APN
    26436-000-000
    APU
    26436000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 12, 2010 — Slonina J H & R S Living Trust Jackson,george R III & Kerry J Grant Deed —
    Jul 23, 2008 — Slonina J H & R Living Trust M L Niro Lc Grant Deed · related $200k · Peoples First Community Bank
    Sep 4, 2007 $180,000 Slonina J H & R Living Trust Ml Niro LLC Warranty Deed —
    May 4, 2007 $100,000 Ml Niro LLC Jackson,george R III & Kerry J Quit Claim Deed · related —
    Apr 18, 2007 $200,000 Kerry J Jackson Ml Niro LLC Warranty Deed $200k · Vision Bank
    Sep 17, 1999 $80,000 Bcl Civil Contractors INC Roddam,james H & Winn M Grant Deed $60k · Regions Bank
    Aug 6, 1998 $18,000 James H Roddam Spann,orson F & Pamela M Grant Deed —
    Jul 1, 1996 $18,500 Orson F Spann Roddam,james H & Winn M Grant Deed $19k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Bay
    State
    Florida
    Longitude
    -85.6904
    Latitude
    30.4017
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, 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
    $1,062
    $84,775
    $0.00
    $84,775
    -
    $84,775
    $0.00
    $84,775

    Comparable in this City

    • Value Estimation by Request
      400.80 Acres

      Venture Crossings

      VACANT COMMERCIAL LAND
      Venture Crossings, Southport, FL 32409
      View Details
    • Value Estimation by Request
      4.06 Acres

      24 Spikes Rd

      VACANT COMMERCIAL LAND
      24 Spikes Rd, Southport, FL 32409-2705
      View Details
    • Value Estimation by Request
      0.67 Acres

      Hwy 77

      VACANT COMMERCIAL LAND
      Hwy 77, Southport, FL 32409
      View Details
    • Value Estimation by Request
      1.27 Acres

      Hwy 77

      VACANT COMMERCIAL LAND
      Hwy 77, Southport, FL 32409
      View Details
    • Value Estimation by Request
      3.50 Acres

      Hwy 77

      VACANT COMMERCIAL LAND
      Hwy 77, Southport, FL 32409
      View Details
    • Value Estimation by Request
      0.64 Acres

      Hwy 77

      VACANT COMMERCIAL LAND
      Hwy 77, Southport, FL 32409
      View Details

    Similar Nearby for Sale

    • $450,000
      0.84 Acres

      Southport Commercial Land on Highway

      Commercially zoned 0.84-acre parcel with high traffic visibility.
      7401 Highway 77, Southport, FL 32409
      View Details
    • $500,000
      3.50 Acres

      Highway 77 Commercial Land Opportunity

      3.5 acres on Highway 77, suitable for office and storage.
      13636 Highway 77, Southport, FL 32409
      View Details
    • $8,500,000

      Commercial Parcel on Hwy 77

      17 acre commercial parcel with frontage on Hwy 77.
      13100 Highway 77, Southport, FL 32409
      View Details
    • $975,000

      12 Acres on Highway 77

      12 acres with stream, highway frontage, and commercial potential.
      11802 Highway 77, Southport, FL 32409
      View Details
    • $1,250,000

      Fanning Bayou Waterfront Commercial Land

      Commercial land with waterfront access and highway visibility.
      2026 Fulton St, Southport, FL 32409
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,416 SF

      Highway 77 Commercial Property

      Commercial property on Highway 77 with office and storage.
      13636 Highway 77, Southport, FL 32409
      View Details
    • $2,500 /Mo
      1,416 SF

      Southport Commercial Property on Highway

      Commercial property on 3.5 acres, suitable for various businesses.
      13636 Highway 77, Southport, FL 32409
      View Details
    • $3,000 /Mo
      6,130 SF

      Warehouse with Office Space Available

      Versatile commercial property with warehouse and office space for lease.
      2824 Highway 2321, Panama City, FL 32409
      View Details
    • $5,000 /Mo
      4,814 SF

      Highway 77 Commercial Opportunity

      Versatile 4,800 SF building on 1.24 acres for rent.
      13919 Highway 77, Panama City, FL 32409
      View Details
    • $4,600 /Mo
      6,130 SF

      Commercial Property with Office & Warehouse

      Versatile commercial property featuring office space and warehouse.
      2824 Highway 2321, Southport, FL 32409
      View Details
    • $1,600 /Mo
      6,130 SF

      Southport Commercial Office and Warehouse

      Commercial office and warehouse space available for lease in Southport.
      2824 Highway 2321, Southport, FL 32409
      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.
    517 Fitness Rd
    Southport, FL 32409-2585
    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

    Thank You for Inquiry
    517 Fitness Rd, Southport, FL, 32409
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!