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: Sep 8 Last Checked: Aug 25 at 5:03AM

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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

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 = 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

$30,133

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

3.35%

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%

$602,660 $602.7K

Cap Rate 7%

$430,471 $430.5K

Cap Rate 9%

$334,811 $334.8K

Market Conditions

NOI Build-Up for 2,520 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

$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 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%

$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.

Property Analytics

Property Profile

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

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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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).