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6600 Chumuckla Hwy Pace, FL 32571

Specialty properties Google Maps
932 SF 1 ac lot Built 1950
Individually Owned 5-yr Hold Free & Clear
Estimated value (blended)
$80k
Range $72k – $88k (±10%)
Property ID US18-4586216

Property summary

AI-generated overview

This exceptional 0.73-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Santa Rosa County, Florida. Located in a thriving retail submarket, this wooded vacant lot offers unparalleled potential for diverse development projects. Envision a retail center, office complex, residential development, medical facility, or a dynamic mixed-use project. The property's strategic location boasts proximity to key amenities, including a Publix, Piggly Wiggly, Wallace Lake K-8 school, the University of West Florida, and a newly opened Starbucks. Further enhancing its appeal, a Walmart is slated to open soon just 4.3 miles away. This prime location within Santa Rosa County, a rapidly expanding community with a 2023 population of 203,162, ensures high visibility and accessibility. The single-tenant zoning provides flexibility for a variety of development plans, making this a truly exceptional opportunity for investors seeking high-growth potential in a desirable Northwest Florida location. The land is currently available for ground lease. This is a rare chance to secure a significant piece of land in a booming area with excellent infrastructure and a strong local economy. Don't miss this chance to capitalize on the growth and potential of this prime commercial property.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1950
Construction WOOD
Total area 932 SF
Lot 1 ac (43,560 SF)
Zoning code AG-RR
APN 17-2N-29-0000-00300-0000
UPID US18-4586216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2020
Last sale
$80,000
5 recorded transactions
2023
Price N/A
2020
$59,900
2019
$46,000
2008
Price N/A
2008
Price N/A

Zoning & alternative use

AG-RR · Pace, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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