Building Details

Year Built 1973

Listing Agency: KELLY RIGHT REAL ESTATE

Listed By: Samih Sadiq · License #3577381 Show Phone

Source: Livewelltampabay

Added: Mar 31 Changed: Oct 16 Last Checked: Oct 7 at 4:42PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLY RIGHT REAL ESTATE

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Investment Insights

Based on property information with market context.

Key Highlights

• High‑visibility location in a well‑trafficked area.
• 2,520 sq ft building on a 0.34‑acre lot.
• Zoning: HC/LI (allowing for a variety of commercial uses).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,133

Cap Rate

3.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,660 $602.7K

Cap Rate 7%

$430,471 $430.5K

Cap Rate 9%

$334,811 $334.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,520 SF

Gross rent

$43.8K $17.40/SF

− Vacancy

−$3.7K −$1.46/SF

EGI

$40.2K $15.94/SF

− OpEx

−$10.0K −$3.99/SF

NOI

$30.1K $11.96/SF

Area

Escambia County, FL

Vacancy

8.37%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,660

Cap Rate 7%

$430,471

Cap Rate 9%

$334,811

Alternative Uses

Best Use

Specialty Retail

$430.5K

$376.7K – $502.2K (±1% cap)

NOI $30,133 @ 7.0% cap · market cap 3.35%

Second Best

Retail

$406.9K

$356.0K – $474.7K (±1% cap)

NOI $28,482 @ 7.0% cap · market cap 3.16%

Theoretical Best

Office A

$739.6K

$647.1K – $862.9K (±1% cap)

NOI $51,771 @ 7.0% cap · market cap 5.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Freddy's Foodmart Grocery & Convenience Store

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Restaurant Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 32533, FL

30,517

Population

12,035

Households

2.5

Avg Household Size

43

Median Age

28%

College-Educated

93%

High-School Grad

77.2 sq mi

ZIP Area

395

Density / Sq Mi

$85,459

Median Household Income

$44,110

Median Earnings

$1,021

Median Rent

$262,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

Where is this grocery and convenience store located?

The property is located at 10 Williams Ditch Rd Cantonment, FL.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: High‑visibility location in a well‑trafficked area.; 2,520 sq ft building on a 0.34‑acre lot.; Zoning: HC/LI (allowing for a variety of commercial uses).