Renovated Retail Space in
For Sale
$369,900
6835 U.S 90, Milton, FL 32570
2,052 SF Downtown Milton - Retail For Sale/Lease
Property Size2,052 SF
Lot Size0.06 Acres
Price / SF$180.26
Days on Market604
Property Features for 6835 U.S 90
General Information
Standard status
Active
Property type
Other retail properties, Individual retail properties, Other investment properties, Retail properties & Spaces, Investment properties
Size
2,052 SF
Net Rentable
2,052 SF
Elevators
N/A
Lot size
0.06 Acres
Building Details
Year Built
1945
Year Renovated
1975
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 10, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 2,052 square foot retail space is located in downtown Milton, Florida, at a high-visibility corner location on US Highway 90. The property has been recently renovated, including a new roof, electrical system, and HVAC. City parking is conveniently located directly across the street, and the Milton Riverwalk is a short, three-minute walk (approximately 0.1 mile) away. The 0.057-acre lot provides space for outdoor displays or seating. This property is located in Santa Rosa County, Florida, zip code 32570.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,080
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,600
$441.6K
Cap Rate 7%
$315,429
$315.4K
Cap Rate 9%
$245,333
$245.3K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$34.5K $16.80/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$31.5K $15.37/SF
− OpEx
−$9.5K −$4.61/SF
NOI
$22.1K $10.76/SF
Area
Santa Rosa County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,600
Cap Rate 7%
$315,429
Cap Rate 9%
$245,333
Alternative Uses
Best Use
Retail
$315.4K
$276.0K – $368.0K
NOI $22,080 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$505.3K
$442.1K – $589.5K
NOI $35,370 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 32570, FL
33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Other retail property - 2,052 SF Downtown Milton - Retail For Sale/Lease
Where is this other retail property located?
The property is located at 6835 U.S 90 Milton, FL.
What is the asking price?
The asking price for this property is $369,900.
