Milton Mixed-Use Investment
For Sale
$368,000
5702 Pebble Ridge Dr, Milton, FL 32583
2,350 SF Office Building For Sale
Property Size2,350 SF
Lot Size0.75 Acres
Price / SF$156.60
Days on Market614
Property Features for 5702 Pebble Ridge Dr
General Information
Standard status
Active
Property type
Other office properties, Residential offices, Office buildings, Office Spaces, Mixed-use properties
Size
2,350 SF
Net Rentable
1,774 SF
Class
B
Elevators
N/A
Lot size
0.75 Acres
Building Details
Year Built
2008
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Jan 31, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Located in Milton, Florida, this mixed-use office building offers an investment opportunity. Constructed in 2008, the Class B building has a total size of 2,350 square feet and a rentable space of 1,774 square feet. The property, situated on a 0.75-acre lot, is currently occupied by a single tenant and features a framed construction and a sprinkler system. The building consists of one floor and is comprised of two parcels: 30-1N-28-0000-00101-0000 and 30-1N-28-0000-00115-0000. Its location in Milton provides access to local amenities and transportation routes. The existing infrastructure and construction make it suitable for various business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,749
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,980
$555.0K
Cap Rate 7%
$396,414
$396.4K
Cap Rate 9%
$308,322
$308.3K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$45.1K $19.20/SF
− Vacancy
−$8.1K −$3.46/SF
EGI
$37.0K $15.74/SF
− OpEx
−$9.2K −$3.94/SF
NOI
$27.7K $11.81/SF
Area
Santa Rosa County, FL
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,980
Cap Rate 7%
$396,414
Cap Rate 9%
$308,322
Alternative Uses
Best Use
Office B
$396.4K
$346.9K – $462.5K
NOI $27,749 @ 7.0% cap · market cap 7.54%
Second Best
Mixed Use
$299.1K
$261.7K – $349.0K
NOI $20,939 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$578.7K
$506.3K – $675.1K
NOI $40,506 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 32583, FL
31,047
Population
11,169
Households
2.8
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
125.1 sq mi
ZIP Area
248
Density / Sq Mi
$84,957
Median Household Income
$42,193
Median Earnings
$1,307
Median Rent
$229,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office property - 2,350 SF Office Building For Sale
Where is this office property located?
The property is located at 5702 Pebble Ridge Dr Milton, FL.
What is the asking price?
The asking price for this property is $368,000.
