Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    6355 Highway 77 Chipley, FL 32428

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6355 Highway 77 Chipley, FL 32428

    View on Map
    • Commercial real estate
    For Sale
    $449,900
    View Listing →
    Commercial and Residential Acreage Available For Sale
    $449,900

    Commercial and Residential Acreage Available

    15.75 acres of commercial and residential land near Highway 77.

    6355 Highway 77, Chipley, FL 32428
    View Listing
    Property ID
    US18-1680011
    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 real estate

    Property Details for 6355 Highway 77

    Property type
    Commercial real estate

    Description

    This exceptional 3.89-acre commercial property, located at 6355 Highway 77 in Chipley, Florida, presents a compelling investment opportunity. Boasting approximately 550 feet of frontage on Highway 77, this strategically positioned lot benefits from an average daily traffic count of approximately 10,000 vehicles. Situated in a rapidly growing area, this property offers unparalleled visibility and accessibility for a wide range of commercial ventures. The expansive 169,448 square foot lot provides ample space for development, and a portion is already improved with a fresh gravel surface and fencing. The asking price for this high-potential commercial land is $479,000. The property is located in Washington County, Florida, zip code 32428, and its coordinates are 30.463525 latitude and -85.674245 longitude. All information should be independently verified. This is a remarkable chance to establish a thriving business in a dynamic location. Don't miss this opportunity to secure a prominent presence on a busy highway.

    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
    Chipley
    County
    Washington
    State
    Florida
    Longitude
    -85.674245
    Latitude
    30.463525

    Comparable in this City

    • $698,000

      Versatile Building on Ten Acres

      Expansive building suitable for church, school, or specialty use.
      4135 Pine Log Rd, Chipley, FL 32428
      View Details
    • $44,900

      Commercial Lot Near Future Hospital

      Commercial lot suitable for medical-related building near future hospital.
      29 Washington Blvd #6, Chipley, FL 32428
      View Details
    • Contact for pricing

      Vacant Lot in Sunny Hills

      Vacant lot in Sunny Hills, ideal for building a home.
      20 Velvet Dr, Chipley, FL 32428
      View Details
    • $449,900

      Commercial and Residential Acreage Available

      15.75 acres of commercial and residential land near Highway 77.
      6355 Highway 77, Chipley, FL 32428
      View Details
    • Contact for pricing
      7,003 SF

      Updated Burger King For Sale

      Burger King with new master lease in tax-free Florida.
      1698 Main St, Chipley, FL 32428
      View Details

    Similar Nearby for Sale

    • $698,000

      Versatile Building on Ten Acres

      Expansive building suitable for church, school, or specialty use.
      4135 Pine Log Rd, Chipley, FL 32428
      View Details
    • Contact for pricing
      Pending

      Vacant Land in Sunny Hills

      Vacant lot in Chipley's Sunny Hills community.
      Barger St, Chipley, FL 32428
      View Details
    • Contact for pricing
      0.37 Acres

      Residential Land in Sunny Hills

      0.367 acre lot in Sunny Hills near Chipley, Florida.
      Bluestone Dr, Chipley, FL 32428
      View Details
    • $698,000
      7,984 SF

      Versatile Chipley Commercial Building

      10-Acre Property, Huge Potential!
      4135 Pine Log Rd, Chipley, FL 32428
      View Details
    • $109,999

      20-Acre Parcel in Washington County

      Secluded 20-acre parcel ideal for homestead or recreational retreat.
      3715 Orange Hill Rd, Chipley, FL 32428
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Warehouse Space in Industrial Park

      Commercial warehouse space for rent with easy highway access.
      942 Industrial Dr, Chipley, FL 32428
      View Details
    • Contact for pricing

      Highway 77 Shopping Center Space

      47,192 SF shopping center on 8.79 acres available for rent.
      1610 Main St, Chipley, FL 32428
      View Details
    • Contact for pricing
      16,173 SF

      Retail Space in Chipley, Florida

      Retail property available for lease in Chipley, Florida.
      1610 Main St, Chipley, FL 32428
      View Details
    • $18,407 /Mo
      40,736 SF

      Industrial Warehouse with Expansion Land

      33,983 SF warehouse with expansion land in Chipley, FL.
      824 Mary Helen Dr, Chipley, FL 32428
      View Details
    • $2,500 /Mo
      52,240 SF

      Office Space in Industrial Park

      Office space for rent with multiple rooms and amenities.
      963 Industrial Dr, Chipley, FL 32428
      View Details
    View Listing
    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.
    6355 Highway 77
    Chipley, FL 32428
    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

    6355 Highway 77, Chipley, FL, 32428

    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!