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    621 Live Oak St Freeport, FL 32439
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    Property profile & analytics

    621 Live Oak St Freeport, FL 32439

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    • Mobile home & RV parks
    Off-Market
    Property ID
    US18-4990855
    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

    • Mobile home & RV parks

    Property Details for 621 Live Oak St

    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    28-1S-21-41010-009-0130

    Description

    Magnolia Court, located at 621 Live Oak St, Freeport, FL 32439, presents a compelling value-add investment opportunity. This established RV park, situated in the peaceful Choctaw Beach neighborhood near Choctawhatchee Bay, comprises six individual mobile homes, each featuring two bedrooms, a fenced yard, vinyl siding, a wooden deck, a metal roof, and an upgraded septic system. The park boasts a convenient central driveway layout. Four of the six homes are currently under month-to-month leases at below-market rates, offering significant potential for increased revenue. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $52,409, generating a 10.28% capitalization rate based on an asking price of $510,000. Gross rents currently total $63,300 annually, while annual expenses amount to $10,891. The park's existing tenants should not be contacted directly. This property offers a unique chance to acquire a well-maintained, income-producing asset with substantial upside potential through lease adjustments. The property's Assessed Parcel Number (APN) is 28-1S-21-41010-009-0130. This is a turnkey opportunity in a desirable coastal location.

    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
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.3430132
    Latitude
    30.4721739

    Comparable in this City

    • $10,500,000

      34-Acre Development Opportunity

      34 acres with development plans for RV Park and Marina.
      130 Lagrange Rd, Freeport, FL 32439
      View Details
    • $10,500,000
      Pending

      Freeport, FL Commercial Development Land

      34-acre commercial development opportunity near Choctawhatchee Bay.
      130 Lagrange Rd, Freeport, FL 32439
      View Details
    • $150,000
      0.91 Acres

      Freeport, FL Land with Utilities

      Large lot with septic tank and water taps included.
      72 April Ct, Freeport, FL 32439
      View Details
    • $150,000

      Large Lot with Rental Potential

      Under an acre lot with existing mobile homes.
      72 April Ct, Freeport, FL 32439
      View Details
    • $1,350,000
      6,016 SF

      Freeport Multifamily Investment Opportunity

      Apartment complex with 8 units plus additional development potential.
      248 Four Mile Rd, Freeport, FL 32439
      View Details
    • $4,000,000
      11.44 Acres

      Freeport, FL Multifamily Development Land

      11.44 acres with development order for 128 apartment units.
      14874 Us-331 Bus, Freeport, FL 32439
      View Details

    Similar Nearby for Sale

    • $10,500,000

      34-Acre Development Opportunity

      34 acres with development plans for RV Park and Marina.
      130 Lagrange Rd, Freeport, FL 32439
      View Details
    • $10,500,000
      Pending

      Freeport, FL Commercial Development Land

      34-acre commercial development opportunity near Choctawhatchee Bay.
      130 Lagrange Rd, Freeport, FL 32439
      View Details
    • $150,000
      0.91 Acres

      Freeport, FL Land with Utilities

      Large lot with septic tank and water taps included.
      72 April Ct, Freeport, FL 32439
      View Details
    • $150,000

      Large Lot with Rental Potential

      Under an acre lot with existing mobile homes.
      72 April Ct, Freeport, FL 32439
      View Details
    • $1,350,000
      6,016 SF

      Freeport Multifamily Investment Opportunity

      Apartment complex with 8 units plus additional development potential.
      248 Four Mile Rd, Freeport, FL 32439
      View Details
    • $4,000,000
      11.44 Acres

      Freeport, FL Multifamily Development Land

      11.44 acres with development order for 128 apartment units.
      14874 Us-331 Bus, Freeport, FL 32439
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,600 SF

      Freeport Flex Space: 2,000-11,600 SF

      Flexible Freeport Industrial Space for Lease
      13295 US-331 BUS, Freeport, FL 32439
      View Details
    • $14 SF/Yr
      11,600 SF

      Freeport Flex Space - 11,600 SF

      Flexible Industrial Space in Freeport, FL
      13295 US-331 BUS, Freeport, FL 32439
      View Details
    • $43 SF/Yr
      4,890 SF

      Retail Space in Freeport

      Retail space available in a prime Freeport location.
      Us Highway 331, Freeport, FL 32439
      View Details
    • $3,400 /Mo

      Commercial Land For Lease

      1.92 acre commercial lot available for ground lease.
      W St Hwy 20, Freeport, FL 32439
      View Details
    • $20 SF/Yr

      Highway 331 Office Space

      3,000 SF office space on 1.4 acres available for lease.
      17287 Us Highway 331 S, Freeport, FL 32439
      View Details
    • $5,875 /Mo

      Retail Space on Highway 331

      Retail space available on Highway 331 in Freeport, Florida.
      17287 Us Highway 331, Freeport, FL 32439
      View Details
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    Freeport, FL 32439
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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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