0 FL-85
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by The Property Group 850 Inc | $179,900 | |
| Listed by The Property Group 850 Inc | |||
| Jun 30, 2026 | Listed by NAI Talcor | $1,800,000 | |
| Listed by NAI Talcor | |||
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Positioned along Highway 85 corridor in Laurel Hill, this+/-18.12-acre mixed-use development site offers +/-11.95 acres of usable uplands with approximately 500 feet of direct highway frontage, providing exceptional access, exposure, and long-term value. The property is entitled for mixed-use development, allowing flexibility for a wide range of commercial and residential concepts including neighborhood retail, service-oriented uses, multifamily, professional office, or complementary community amenities. Its strategic location adjacent to the Heritage Plantation master-planned community, featuring over 700 single-family residential lots, delivers an immediate and growing built-in customer base, supporting strong demand for nearby services, retail, and employment uses. Highway 85 functions as a primary commuter corridor connecting Laurel Hill and surrounding bedroom communities to Crestview, Eglin Air Force Base, and regional employment centers, while also serving as a key tourism route linking North Florida travelers to the Emerald Coast. This consistent blend of workforce, commuter, and recreational traffic enhances daily visibility and traffic exposure. Combined with direct adjacency to a large residential community, the site is well positioned to evolve into a neighborhood service and retail cluster, capturing recurring local demand while benefiting from pass-through traffic. With entitlement in place.
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| Feb 9, 2026 | Listed by NAI TALCOR | $1,800,000 | |
| Listed by NAI TALCOR | |||
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Positioned along Highway 85 corridor in Laurel Hill, this+/-18.12-acre mixed-use development site offers +/-11.95 acres of usable uplands with approximately 500 feet of direct highway frontage, providing exceptional access, exposure, and long-term value.
The property is entitled for mixed-use development, allowing flexibility for a wide range of commercial and residential concepts including neighborhood retail, service-oriented uses, multifamily, professional office, or complementary community amenities. Its strategic location adjacent to the Heritage Plantation master-planned community, featuring over 700 single-family residential lots, delivers an immediate and growing built-in customer base, supporting strong demand for nearby services, retail, and employment uses.
Highway 85 functions as a primary commuter corridor connecting Laurel Hill and surrounding bedroom communities to Crestview, Eglin Air Force Base, and regional employment centers, while also serving as a key tourism route linking North Florida travelers to the Emerald Coast. This consistent blend of workforce, commuter, and recreational traffic enhances daily visibility and traffic exposure. Combined with direct adjacency to a large residential community, the site is well positioned to evolve into a neighborhood service and retail cluster, capturing recurring local demand while benefiting from pass-through traffic.
With entitlement in place, strong residential adjacency, and prominent highway exposure, this property represents a compelling opportunity for developers and investors seeking scalable growth in an expanding Northwest Florida market.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017