0 FL-20
About This Property
The site is currently unimproved and classified as vacant land, offering a flexible opportunity for future development or long-term investment. The parcel is generally level and wooded, providing a natural setting while allowing for site planning and development subject to Walton County land development regulations and zoning requirements. Public utilities and commercial services are available within the growing Freeport area, which has experienced significant residential and commercial expansion in recent years.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Listed by FIVE STAR REALTY SERVICES, INC | $275,000 | |
| Listed by FIVE STAR REALTY SERVICES, INC | |||
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | Listed | $249,000 | |
| Listed | |||
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Great location, just 1/2 mile east of Hwy 331, on the very busy Hwy 20 corridor. Zoned Residential/Neighborhood Commercial, this property has many possibilities, such as nursery, church, mini-warehouse, medical or dental clinic, just to name a few. Please check local codes to verify. Meas. are approx.
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| Jan 7, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2024 | Listed by Gulf Life Real Estate Inc | $35,000 | |
| Listed by Gulf Life Real Estate Inc | |||
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1.8-acre lot located in Walton County. This is a vacant land-use open space lot that may not be buildable.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017