Four-Corner Mixed-Use
For Sale
$600,000
6705 Berryhill Street, Milton, FL 32570
Commercial Sale, Milton, FL
Property Size2,496 SF
Lot Size0.54 Acres
Price / SF$240.38
Days on Market1386
Property Features for 6705 Berryhill Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
High school district
000000
Standard status
Active
APN
000000-000.000-0076-003.000
Lot size
0.54 Acres
Building Details
Year built
1925
Listing Agency:
BUY A HOME REALTY
(850) 564-8611
Listed By:
Phillip Palmer
(850) 293-1894
Added: Nov 21, 2022
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# 11116739
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C-1-zoned mixed-use property includes a 1,776-square-foot main house and a 720-square-foot additional building, totaling 2,496 square feet. Built in 1925, the property includes 908 square feet of covered patio area and 582 square feet of covered porch space. Current uses include an antique store, real estate office, and U-Haul distributor location, with billboard sign rental also in place.
The 0.54-acre property occupies four street corners and has frontage along Stewart Street, Berryhill Street, Bruner Street, and Rose Street. Frontage measurements are 180 feet on Stewart Street, 151 feet on Berryhill Street, 151 feet on Bruner Street, and 144 feet on Rose Street. The property is offered as-is, and showings require an appointment with the broker/owner.
The 0.54-acre property occupies four street corners and has frontage along Stewart Street, Berryhill Street, Bruner Street, and Rose Street. Frontage measurements are 180 feet on Stewart Street, 151 feet on Berryhill Street, 151 feet on Bruner Street, and 144 feet on Rose Street. The property is offered as-is, and showings require an appointment with the broker/owner.
Key Highlights
- C‑1 zoning with current antique store, real estate office, and U‑Haul distributor uses
- 1,776‑square‑foot main house plus 720‑square‑foot additional building; 2,496 square feet total
- 0.54‑acre property occupying 4 street corners
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,460
$589.5K
Cap Rate 7%
$421,043
$421.0K
Cap Rate 9%
$327,478
$327.5K
Market Conditions
NOI Build-Up for 2,496 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.9K $19.20/SF
− Vacancy
−$8.6K −$3.46/SF
EGI
$39.3K $15.74/SF
− OpEx
−$9.8K −$3.94/SF
NOI
$29.5K $11.81/SF
Area
Santa Rosa County, FL
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,460
Cap Rate 7%
$421,043
Cap Rate 9%
$327,478
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,473 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$614.6K
$537.8K – $717.1K
NOI $43,023 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 32570, FL
33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned property with an antique store, real estate office, and U-Haul distributor location.
Where is this mixed-use property located?
The property is located at 6705 Berryhill Street Milton, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: C‑1 zoning with current antique store, real estate office, and U‑Haul distributor uses; 1,776‑square‑foot main house plus 720‑square‑foot additional building; 2,496 square feet total; 0.54‑acre property occupying 4 street corners
