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Property profile & analytics
FOR SALE
Commercial real estate

6595 Florida Ave Crestview, FL 32539

87.14 ac lot
Property ID
US18-3864241
No photos on file
For Sale
$3,140,000
6595 Florida Ave, Crestview, FL 32539
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Property summary
AI-generated overview

This exceptional 87.14-acre parcel, located at 6595 Florida Ave in Crestview, Florida (Okaloosa County, zip code 32539), presents a remarkable multifamily development opportunity. Zoned for residential multi-family use (Resid Multi-Family), this property boasts a high-traffic location directly off Highway 85, ensuring excellent visibility and accessibility. The land is part of a larger master-planned development (Phase II and III, featuring 157 lots), with an approved Okaloosa County Master Plan Development Order. Final engineering is nearing completion. This prime location offers convenient proximity to local shopping centers, restaurants, and entertainment venues, making it an ideal site for a thriving residential community. The property's size (approximately 87+ acres, to be verified by survey; homestead not included, 107-acre master parcel less homestead) provides ample space for a substantial project. Showings are by appointment only. The asking price for this exceptional development opportunity is $3,140,000. The APN is 15-4N-23-0000-0001-005A.

Property profile
Verified
Property type Commercial real estate
Lot 87.14 ac (3,795,818 SF)
APN 15-4N-23-0000-0001-005A
UPID US18-3864241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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