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    8400 Racing Ln Navarre, FL 32566

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $675,000

    Prime Navarre Office/Retail Space

    Property size:
    1,944 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    338
    This 1,944-square-foot freestanding building is located on Highway 87 in Navarre, Florida. Currently operating as a medical spa and salon, it offers a turnkey opportunity with existing equipment and a revenue stream grossing approximately $62,000 annually. The building features a large lobby/waiting area, three offices/rooms, a spacious break room/kitchen, ample open space, one restroom, and abundant parking. Recent renovations include complete rewiring and a new roof. The property sits on a 0.205-acre lot and benefits from Navarre's thriving growth, including new retail developments, apartment complexes, and residential construction. Additional space is available, and the current tenant expresses interest in remaining post-sale. This presents a unique chance to own a well-maintained commercial property in a high-growth area. The building is ideally suited for various uses, including retail or office space. Its strategic location in the heart of Navarre's development makes it an attractive investment opportunity.

    Property Features for 8400 Racing Ln

    General Information

    Property type
    Other retail properties
    Square Feet
    1,944 SF
    Price / Square Foot
    $347
    Elevators
    N/A
    Net Rentable
    1,944 SF
    Lot Size
    8,930 SF

    Building Details

    Year Built/Renovated
    1985/1990
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Navarre, FL location on Hwy. 87, ideal for retail or office use.
    • 1,944 sq ft building with ample parking, recently renovated with new roof and wiring.
    • Potential for immediate income; current tenant grosses ~$62,000 annually, may stay.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Navarre
    State
    Florida
    Longitude
    -86.870744
    Latitude
    30.405336

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    FAQs

    What type of property is this?
    Other retail property - Prime Navarre Office/Retail Space
    Where is this other retail property located?
    The property is located at 8400 Racing Ln Navarre, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Prime Navarre, FL location on Hwy. 87, ideal for retail or office use.; 1,944 sq ft building with ample parking, recently renovated with new roof and wiring.; Potential for immediate income; current tenant grosses ~$62,000 annually, may stay.
    (850) 564-0120
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    8400 Racing Ln Navarre, FL 32566
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    Navarre, FL 32566
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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
    8400 Racing Ln Navarre, FL 32566
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