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    5736 N highway 85 Crestview, FL 32536

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    5736 N highway 85 Crestview, FL 32536

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    Property Details for 5736 N highway 85

    Property type
    Land
    Property subtype
    Commercial land

    Description

    This exceptional 1.69-acre commercial property in Crestview, Florida, presents a remarkable opportunity for development. Located on Highway 85, the property boasts 230 feet of highway frontage, ensuring high visibility and accessibility for any business. The C3 zoning allows for a wide range of commercial uses, maximizing the potential for diverse development options. Its strategic location benefits from the high traffic volume generated by neighboring businesses, including a recently constructed Circle K and Burger King. The property's proximity to other established businesses such as Winn Dixie, Wendy's, Publix, and the US Post Office, further enhances its appeal. Additionally, its location near Davidson Middle School and Crestview High School provides a strong potential customer base. While a house is situated on the property, it is considered distressed and holds no assessed value. This presents a unique opportunity to acquire a prime commercial parcel in a rapidly growing area of Crestview, offering significant potential for return on investment. The property's size, location, and zoning make it an ideal site for a variety of commercial ventures. Serious inquiries are encouraged.

    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
    Crestview
    County
    State
    Florida

    Comparable in this City

    • $6,000,000
      6.69 Acres

      Crestview Commercial Land - Hwy 85 & PJ Adams

      6.69-Acre Development Site, High Traffic Area
      4840 S Ferdon Blvd, Crestview, FL 32536
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    • $360,000
      0.94 Acres

      Crestview Commercial Land For Sale

      Prime 1-acre development site, high traffic count.
      2350 PJ Adams Pkwy, Crestview, FL 32536
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    • $225,000
      5.00 Acres

      Versatile Land on Highway 85

      5 acres with residential and commercial potential in Crestview, FL.
      6388 Highway 85 N, Crestview, FL 32536
      View Details
    • $115,000
      0.49 Acres

      Crestview, FL Mixed-Use Land

      Mixed-use land parcel in a growing Crestview market.
      W Juniper Ave, Crestview, FL 32536
      View Details
    • Contact for pricing

      Land Available Near Highways

      Land with entitlements, close to highways 85 and 90.
      5798 Old Bethel Rd, Crestview, FL 32536
      View Details
    • $60,000

      Land For Sale

      Land available for purchase.
      6300 Antigone Cir, Crestview, FL 32536
      View Details

    Similar Nearby for Sale

    • $360,000
      0.94 Acres

      Crestview Commercial Land For Sale

      Prime 1-acre development site, high traffic count.
      2350 PJ Adams Pkwy, Crestview, FL 32536
      View Details
    • $6,000,000
      6.69 Acres

      Crestview Commercial Land - Hwy 85 & PJ Adams

      6.69-Acre Development Site, High Traffic Area
      4840 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $225,000
      5.00 Acres

      Versatile Land on Highway 85

      5 acres with residential and commercial potential in Crestview, FL.
      6388 Highway 85 N, Crestview, FL 32536
      View Details
    • $115,000
      0.49 Acres

      Crestview, FL Mixed-Use Land

      Mixed-use land parcel in a growing Crestview market.
      W Juniper Ave, Crestview, FL 32536
      View Details
    • Contact for pricing

      Land Available Near Highways

      Land with entitlements, close to highways 85 and 90.
      5798 Old Bethel Rd, Crestview, FL 32536
      View Details
    • $60,000

      Land For Sale

      Land available for purchase.
      6300 Antigone Cir, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Outparcel for Lease

      Outparcel for lease at 1390 N Ferdon Blvd.
      1390 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $3,450 /Mo

      Commercial Land on Ferdon Boulevard

      Ground lease opportunity in growing Crestview commercial corridor.
      333 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $20 SF/Yr
      2,003 SF

      Crestview Retail Space For Lease

      Prime 2,003 SF retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $20 SF/Yr
      1,187 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $14,675 /Mo
      11,000 SF

      Crestview Retail Space - 11,000 SF

      High-traffic location, flexible lease options.
      2500 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $5,000 /Mo
      11,000 SF

      Crestview Office Space For Rent

      Desirable Crestview building with highway frontage and high ceilings.
      5210 S Ferdon Blvd, Crestview, FL 32536
      View Details
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    5736 N highway 85
    Crestview, FL 32536
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    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
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