Entity Owned 
For Sale
1 / 24
Property summary
This exceptional investment opportunity presents a 33,983-square-foot warehouse situated on a spacious 12.92-acre lot in Chipley, Florida's industrial park. The property boasts a 32,000-square-foot warehouse featuring a 25-foot ceiling height, two ground-level roll-up doors, one loading dock with a four-foot truck well, concrete load-stressed floors, metal roofing, and a complete fire suppression system. A 1,983-square-foot office space, constructed in 2007, complements the warehouse. Currently leased to WestPointe Home, a division of Ichan Industries, the lease offers below-market rates with approximately two years remaining and no tenant options. The property benefits from 220/240V, 3-phase power, and city water/sewer. Strategically located three miles from Interstate 10, this warehouse enjoys excellent access to Tallahassee, Pensacola, Montgomery, and Panama City metropolitan areas. Adjacent vacant land offers potential for future expansion. The warehouse was built in 2005, and the current Net Operating Income (NOI) yields a 7.61% capitalization rate. This presents a compelling investment opportunity with strong potential for future returns.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
