Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Blueberry Rd Freeport, FL 32439
    Back to Search
    Property profile & analytics

    Blueberry Rd, Freeport, FL 32439

    View on Map
    • Commercial land
    • 0.81 lot acres
    Off-Market
    Last Sale Jan 31, 2025
    $10,000
    Property ID
    US18-6469539
    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 land

    Property Details for Blueberry Rd

    Lot size
    0.81 lot acres
    Property type
    Commercial land
    APN
    15-1S-19-23000-019-0043
    APU
    151S19230000190043

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2025 $10,000 Sarandipity & Company LLC Herrington Enterprises INC Warranty Deed —
    Nov 22, 2010 $30,000 William D Miller 331 Plaza LLC Warranty Deed —
    Nov 21, 2005 $980,000 331 Plaza LLC Warwick Ents Lc Warranty Deed $800k · C W Jones

    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
    -86.1368
    Latitude
    30.5013
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $263
    $20,138
    $0.00
    $20,138
    -
    $20,138
    $0.00
    $20,138

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      Freeport, FL 32439

      VACANT COMMERCIAL LAND
      Freeport, FL 32439
      View Details
    • Value Estimation by Request
      0.26 Acres

      Freeport, FL 32439

      VACANT COMMERCIAL LAND
      Freeport, FL 32439
      View Details
    • Value Estimation by Request
      0.54 Acres

      16274 Us Hwy 331st S

      VACANT COMMERCIAL LAND
      16274 Us Hwy 331st S, Freeport, FL 32439-4154
      View Details
    • Value Estimation by Request
      1.06 Acres

      19068 Us Hwy 331st S

      VACANT COMMERCIAL LAND
      19068 Us Hwy 331st S, Freeport, FL 32439-4758
      View Details
    • Value Estimation
      $1,045,000
      2.09 Acres

      60 Angler Dr

      VACANT COMMERCIAL LAND
      60 Angler Dr, Freeport, FL 32439-4194
      View Details
    • Value Estimation
      $1,975,000
      12.68 Acres

      13295 331st Business

      VACANT COMMERCIAL LAND
      13295 331st Business, Freeport, FL 32439-0189
      View Details

    Similar Nearby for Sale

    • $239,000

      Freeport Development-Ready Residential/Commercial Lot

      Vacant lot zoned for residential and commercial development in Freeport.
      287 S Jackson St, Freeport, FL 32439
      View Details
    • $399,999

      Walton County Land for Sale

      10 acres of land in Walton County, Florida.
      SW Off Bay Loop Co Hwy 83A Rd, Freeport, FL 32439
      View Details
    • $4,250,000
      14.44 Acres

      Freeport Land Near Clyde Wells

      14.4 acres in Freeport, FL with commercial and residential zoning.
      19494 Us Highway 331, Freeport, FL 32439
      View Details
    • $2,650,000
      Pending

      Freeport Land on Highway 331

      19.82 acres in Freeport, Florida with development potential.
      20.2 Acres Us-331, Freeport, FL 32439
      View Details
    • Contact for pricing

      Corner Lot Development Site

      Development site with frontage on Hwy 331.
      331 S & Jolly Bay Road, Freeport, FL 32439
      View Details
    • $750,000
      9.91 Acres

      Freeport Land Opportunity

      Large wooded land tract in fast-growing Freeport, Florida.
      County Highway 83A W, Freeport, FL 32439
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Industrial Space Available For Rent

      Single tenant industrial space for rent, 1,000 SqFt.
      19323 Us Highway 331, Freeport, FL 32439
      View Details
    • $21 SF/Yr

      Freeport Flex Space Development

      40,000 SF development with high visibility and easy highway access.
      20431 Us Highway 331 S, Freeport, FL 32439
      View Details
    • Contact for pricing
      22,000 SF

      Freeport Warehouse Space for Lease

      22,000 SF warehouse space suitable for various commercial uses.
      13295 Business 331, Freeport, FL 32439
      View Details
    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.
    Blueberry Rd
    Freeport, FL 32439
    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
    Blueberry Rd, Freeport, FL, 32439
    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!