4906 Galloway Road
About This Property
The land is approximately 80% open pasture and is fenced behind the home, providing ideal conditions for livestock, horses, or agricultural use. A scenic pond of approximately one-third acre sits just behind the home and can be enjoyed from the back sunroom overlooking the yard and water.
The 1,548 square foot home is well-maintained and offers 2 bedrooms and 1 bathroom, with several areas that could potentially be converted into a third bedroom if desired. The home features a large front porch that provides a welcoming entry and a great place to relax and enjoy the peaceful country setting. A two-car attached carport is located on the side of the home for convenient covered parking.
Additional improvements include multiple barns and storage buildings, making the property well-suited for farm or hobby use. There are four total barns on the property, including two solid cinder block barns and two older wooden barns that provide additional storage or livestock shelter. Mature pecan trees add character to the property and enhance the traditional farm setting.
The home is served by private well and septic.
This property is conveniently located in the rural countryside while still providing easy access to nearby towns and amenities.
Location:
Approximately 5 miles southeast of Graceville, Florida
Approximately 22 miles south of Dothan, Alabama
Approximately 60 miles north of Panama City, Florida
Approximately 80 miles northeast of Destin, Florida
This is a great opportunity to own a versatile farm property with pasture land, water, barns, and a well-maintained home in the Florida Panhandle.
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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 |
|---|---|---|---|
| Mar 16, 2026 | Listed by Fulford Real Estate Inc. | $325,000 | |
| Listed by Fulford Real Estate Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017