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Niceville 32578
1315 23Rd Street
$400,000
● Land - Off Market

1315 23Rd Street

Niceville, FL 32578
bedrooms
Studio
bathrooms
0 Bath
$2,427
Est. Monthly

About This Property

.70 acre residential parcel zoned R2 with a future land use of medium density residential in central Niceville. This property provides a prime location with convenient access to military bases, A-rated schools, retail, and the Mid-Bay Bridge to Destin. Zoning Disclaimer: Buyer is responsible for independently verifying all zoning classifications, allowable uses, development standards, and permitting requirements with the appropriate governing authorities.
Unit Size
-
Days on Market
45 days
Land Size
0.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$340
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 7 months ago (ECAR #996741)

Price History

Date / Event Date Event Price
Apr 17, 2026 Sold
Premium
Sold
Mar 11, 2026 In contract -
In contract
Mar 3, 2026 Listed by Sound Choice Real Estate LLC $425,000
Listed by Sound Choice Real Estate LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 675
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,337
  • Lot Size Frontage Feet: 1,480
  • Total Building Area: 2,978
  • Gross Building Area: 2,978
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,724
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000696
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEG 272 FT E & 5 FT N OF SW COR OF NE1/4 OF SE1/4 N 205 FT E 148 FT S 205 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: 29
  • Parcel: 08-1S-22-0000-0015-0010
  • Block: 15
  • Meridian: SEC 08 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.509
  • Longitude: -86.4645

    Address

  • Full Address: 1315 23rd St
  • Address - House Number: 1315
  • Address - Street Name: 23rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Niceville
  • Carrier Code: C007
  • 4-Digit Zip Code: 3322
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,412
  • Tax Year: 2023
  • Tax Amount: $391,534
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 415,253
  • High Value: 489,272
  • Low Value: 341,233

    Market Valuation

  • Market Total Value: $300,483
  • Market Land Value: $81,474
  • Market Improvement Value: $219,009

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,483
  • Assessed Land Value: $81,474
  • Assessed Improvements Value: $219,009
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Niceville

Stats & Trends

Median Asking:

$422,450

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1975 ft²

Average Home Age

28 years

Currently For Sale

63 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Andrew Tidwell, Sound Choice Real Estate LLC
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 996741
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1315 23rd Street built and last sold?
The property at 1315 23rd Street was built in 1973 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1315 23rd Street is $0.
What are some comparable homes to 1315 23rd Street?
There are currently no comparable homes to 1315 23rd Street.
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