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    5241 Gulf Breeze Pkwy Gulf Breeze, FL 32563

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $2,400,000

    12,048 SF retail center, high-growth area.

    Property size:
    12,048 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 12,048-square-foot retail property, located at 5241 Gulf Breeze Parkway in Gulf Breeze, Florida (zip code 32563), presents a compelling investment opportunity. Situated in the thriving Midway-Navarre area of Santa Rosa County, this meticulously maintained building offers significant value-add potential. Currently owner-operated with short-term leases, the property allows for immediate lease rate adjustments to capitalize on the competitive Gulf Breeze market, where NNN lease rates typically range from $17 to $29 per square foot. Recent capital improvements include electrical system upgrades, new flooring, and roof repairs. The property features 30 parking spaces in front, with additional parking and a convenient laydown area at the rear, ideal for deliveries and storage. The 0.31-acre lot also presents an assemblage opportunity with an adjacent 0.98-acre parcel (not currently for sale), offering strategic expansion possibilities. Priced at $2,400,000 ($199.20 per square foot), this property is an excellent acquisition for investors seeking a strong return in a highly desirable market. The building is currently occupied by tenants.

    Property Features for 5241 Gulf Breeze Pkwy

    General Information

    Property type
    Other retail properties
    Investment Type
    net-lease
    Square Feet
    12,048 SF
    Price / Square Foot
    $199
    Elevators
    N/A
    Net Rentable
    12,048 SF
    Lot Size
    13,692 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 12,048 SF retail space in prime Gulf Breeze location, priced at $199.20/SF.
    • Recently renovated with updated electrical, flooring, and roof; includes 30+ parking spaces.
    • NNN lease investment opportunity with potential for lease rate increases and assemblage.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    State
    Florida
    Longitude
    -87.004231
    Latitude
    30.398358

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    FAQs

    What type of property is this?
    Other retail property - 12,048 SF retail center, high-growth area.
    Where is this other retail property located?
    The property is located at 5241 Gulf Breeze Pkwy Gulf Breeze, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 12,048 SF retail space in prime Gulf Breeze location, priced at $199.20/SF.; Recently renovated with updated electrical, flooring, and roof; includes 30+ parking spaces.; NNN lease investment opportunity with potential for lease rate increases and assemblage.
    (850) 564-0120
    Request Owner's contact information
    5241 Gulf Breeze Pkwy Gulf Breeze, FL 32563
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5241 Gulf Breeze Pkwy Gulf Breeze, FL 32563
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