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    4843-4873 W Spencer Field Rd Milton, FL 32571

    For Sale
    $4,500,000

    Retail plaza with stable income in rapidly growing Pace, Florida.

    Property size:
    26,250 SF
    Lot size:
    3.84 Acres

    Property Features for 4843-4873 W Spencer Field Rd

    General Information

    Size
    26,250 SF
    Lot size
    3.84 Acres

    Source: Salter Commercial LLC Agent Paul Salter, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Plaza in Growing Pace

    This retail plaza is located in a rapidly growing area of Pace, Florida, offering high visibility and easy access to US 90, Berryhill Road, and Chumuckla Highway. The location benefits from a high-traffic corridor experiencing strong residential and commercial expansion, with easy access to major roads and county regions. The property features a NNN lease structure with 11 tenants and 113 parking spaces. Recent upgrades include the replacement of 90% of the HVAC units, paving and striping of the parking lot, and landscaping improvements such as upgraded flower beds and the removal of obstructive trees. The property generates a Net Operating Income (NOI) of $326,000 annually, providing stable cash flow from long-term tenants. The property size is 26250 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1491416
    Latitude
    30.6128769

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    FAQs

    What type of property is this?
    Strip mall - Retail plaza with stable income in rapidly growing Pace, Florida.
    Where is this strip mall located?
    The property is located at 4843-4873 W Spencer Field Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Stable $326,000 Net Operating Income (NOI) annually.; - NNN Lease structure with 11 tenants, providing stable cash flow.; - High visibility location in a rapidly growing area of Pace, Florida.
    (850) 232-5371
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    4843-4873 W Spencer Field Rd Milton, FL 32571
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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
    4843-4873 W Spencer Field Rd Milton, FL 32571
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