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    6444 old 90 highway Milton, FL 32570

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $225,000

    High-traffic location, versatile space, great investment.

    Property size:
    2,251 SF

    Description

    Added:
    Feb 12, 2025
    Days on Market:
    354
    This exceptional 2,100 square foot metal building presents a unique investment opportunity in the rapidly growing Milton, Florida area. Ideally situated on a 0.3-acre lot at 6444 Old 90 Highway, this property boasts convenient access to major interstates and international airports, ensuring high visibility and accessibility. Previously utilized as a mechanic shop, the building features three bays, each equipped with interior air and water lines, offering significant adaptability for various commercial uses. The building's robust construction includes 10-foot roll-up doors for easy access and efficient material handling. An on-site office provides functional workspace and includes a bathroom, adding to the property's versatility. The property is zoned for highway commercial use, opening doors to a wide range of potential businesses. This prime location and flexible space make this a compelling investment opportunity for entrepreneurs and investors alike. Priced at $225,000, this property offers significant potential for return on investment in a thriving market. The building's size is 2,251 square feet, with 2,100 square feet of net usable space.

    Property Features for 6444 old 90 highway

    General Information

    Property type
    Automotive properties
    Square Feet
    2,251 SF
    Price / Square Foot
    $99
    Elevators
    N/A
    Net Rentable
    2,100 SF
    Lot Size
    13,175 SF

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • 2,100 sq ft metal building with three bays and 10' roll‑up doors.
    • Conveniently located in Milton, FL, with easy highway access.
    • Former mechanic shop with existing air and water lines in each bay, plus an office and bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Milton
    State
    Florida

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    FAQs

    What type of property is this?
    Automotive property - High-traffic location, versatile space, great investment.
    Where is this automotive property located?
    The property is located at 6444 old 90 highway Milton, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 2,100 sq ft metal building with three bays and 10' roll-up doors.; Conveniently located in Milton, FL, with easy highway access.; Former mechanic shop with existing air and water lines in each bay, plus an office and bathroom.
    (850) 564-0120
    Request Owner's contact information
    6444 old 90 highway Milton, FL 32570
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    Milton, FL 32570
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6444 old 90 highway Milton, FL 32570
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    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
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