Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4208 - 4234 Caroline St Pace, FL 32571

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $12 SF/Yr ($2,400 /Mo)

    High-traffic retail space, flexible lease terms.

    Lot size:
    2,400 SF

    Property Features for 4208 - 4234 Caroline St

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    2,400 SF
    USF (Usable sq. ft)
    2,400 SF
    Elevators
    N/A
    Total Rate
    2400
    Lease Term
    3-4 Years

    Amenities

    Building Details

    Buildings
    1
    Stories
    1

    Overview

    Pace Retail Space Available

    This retail property offers 2400 square feet of space, which can be divided into two 1200-square-foot units. The property is located on Caroline St in Pace, Florida, and benefits from high visibility on Highway 90, with a daily traffic count of 35,000 vehicles. The shopping center includes a newly painted parking lot and excellent lighting. The property also features prominent placement on a large pylon sign. Lease terms are NNN, with a preferred term of 3-4 years. For the entire 2400 square feet, the annual rent is $12 per square foot, plus $4.75 per square foot for NNN expenses, plus 3% sales tax (approximately $3450.50 per month). Dividing the space in half to 1200 square feet results in an annual rent of $12 per square foot, plus $4.75 per square foot for NNN expenses, plus 3% sales tax (approximately $1725.25 per month). Utilities, including water, sewer, trash, electricity, and insurance, are the tenant's responsibility. This location is suitable for businesses seeking high visibility and a strong customer base.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • High‑visibility location on Hwy 90 with 35,000 daily vehicle count.
    • Flexible space: 2400 sq ft total, divisible into two 1200 sq ft units.
    • NNN lease, 3‑4 year term; approx. $3450.50/month for full space, $1725.25/month for half.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Building Supply Kitchen & Bath Showroom Accounting Firm Garden Center Electrical Service Shopping Center & Mall Home Appliance Store Pet Store Plumbing Service Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    State
    Florida
    Longitude
    -87.278121
    Latitude
    30.400613

    Nearby Comparable

    • $18 SF/Yr
      1,200 SF

      Pensacola Retail Space - 1200 SF

      High-traffic location, NNN lease.
      5104 North "W" Street, Pensacola, FL 32505
      View Details
    • $50 SF/Yr
      1,050 SF

      Panama City Beach Retail Space

      High-traffic, 1050 sq ft retail suite.
      Panama City Beach Parkway, Panama City Beach, FL 32413
      View Details
    • $15 SF/Yr
      2,201 SF

      Prime Pensacola Retail Space

      High-traffic Navy Blvd location, 2201 SF.
      789 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $50 SF/Yr
      4,300 SF

      Vintage Lake Powell Restaurant Space

      Prime 4,300 SF restaurant space in Panama City Beach, FL.
      Panama City Beach Parkway, Panama City Beach, FL 32413
      View Details
    • $50 SF/Yr
      4,405 SF

      Vintage Lake Powell Retail Space

      Prime 4,405 SF retail space available.
      Panama City Beach Parkway, Panama City Beach, FL 32413
      View Details
    • $50 SF/Yr
      1,420 SF

      Mainstead Retail Space - Panama City Beach

      1420 SF Retail, High-Traffic Location, NNN Lease
      Panama City Beach Parkway, Panama City Beach, FL 32413
      View Details
    • $50 SF/Yr
      2,100 SF

      Panama City Beach Retail Space

      High-traffic, 2100 sq ft retail space available.
      Panama City Beach Parkway, Panama City Beach, FL 32413
      View Details
    • $2,750 /Mo
      1,652 SF

      Prime Pensacola Retail/Office Space

      1652 SF, Updated, Navy Blvd Frontage
      901 N Navy Blvd, Pensacola, FL 32507
      View Details
    • $30 SF/Yr
      3,200 SF

      Destin Retail Space - Prime Location

      Turnkey restaurant space; high-traffic Destin location.
      4425 Commons Dr E, Destin, FL 32541
      View Details
    • $12 SF/Yr
      6,200 SF

      Versatile Warehouse with Fenced Lot

      6,200 SF warehouse with offices, roll-up doors, fenced lot.
      523 S Old Corry Field Rd, Pensacola, FL 32507
      View Details
    • $4,000 /Mo
      3,400 SF

      Pensacola Warehouse: 3400 SF Lease

      Modern, climate-controlled warehouse; ideal for various uses.
      451 S Old Corry Field Rd, Pensacola, FL 32507
      View Details
    • $3,816 /Mo
      2,862 SF

      Prime Pensacola Executive Suite & Warehouse

      Class A Office & Warehouse Space Available
      375 North 9th Avenue, Pensacola, FL 32502
      View Details

    Nearby Similar for Lease

    • $17 SF/Yr
      686 SF

      Renovated Office Space For Rent

      Newly renovated office space in Pace, Florida available for rent.
      4237 Highway 90, Pace, FL 32571
      View Details
    • $15 SF/Yr
      3,782 SF

      Retail Building on Hwy 90

      Freestanding retail building for lease with high traffic volume.
      5200 Highway 90, Pace, FL 32571
      View Details
    • $3,038,800

      New Dollar General Investment Property

      New Dollar General in a high-growth Pensacola market area.
      3407 Mahogany Dr, Pace, FL 32571
      View Details
    • $1,600,000
      7,305 SF

      Retail Building on Highway 90

      6,777 SF retail building on 1.02 acres in Pace, Florida.
      4537 Us 90, Pace, FL
      View Details
    • Contact for pricing
      2,400 SF

      Pace Restaurant Space on US 90

      2,400 SF restaurant space in Pace's retail corridor.
      4909 S 90, Pace, FL 32571
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Pace, FL

      Retail space for lease in a busy shopping center.
      4208-4234 Caroline St, Pace, FL
      View Details
    • $28 SF/Yr
      4,000 SF

      Pace, FL Office Space Available

      Prime Pace location, 4,000 SF office space, NNN lease.
      5433 Chumuckla Hwy, Pace, FL 32571
      View Details
    • $4,375 /Mo
      2,500 SF

      Pace Office Building - Brand New Construction

      Modern, elegant 2,500 SF office space for lease.
      3650 Berryhill Rd, Pace, FL 32571
      View Details
    • $30 SF/Yr
      750 SF

      Pace Hwy 90 Office Suite A

      750 SF Office/Retail Space - NNN Lease
      4728 US 90, Pace, FL 32571
      View Details
    • $10 SF/Yr
      3,000 SF

      Pace Warehouse - 3000 SF NNN Lease

      Spacious industrial warehouse, ideal for various uses.
      4288 County Rd 197A, Pace, FL 32571
      View Details
    • $30 SF/Yr
      247,032 SF

      Santa Rosa Commons Retail Space

      Pace, FL Power Center - 1,800 SF Available
      4729 Us-90, Pace, FL 32571
      View Details

    FAQs

    What type of property is this?
    Other retail property - High-traffic retail space, flexible lease terms.
    Where is this other retail property located?
    The property is located at 4208 - 4234 Caroline St Pace, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 764-6800
    Request Owner's contact information
    4208 - 4234 Caroline St Pace, FL 32571
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4208 - 4234 Caroline St
    Pace, FL 32571
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4208 - 4234 Caroline St Pace, FL 32571
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 764-6800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!