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

    2876 Avalon Blvd Milton, FL 32583

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-visibility commercial land parcel near I-10 in Milton, Florida.

    Lot size:
    0.31 Acres

    Property Features for 2876 Avalon Blvd

    General Information

    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Philip A. Ross
    Philip A. Ross
    Source: Moodyscre

    Listing Agency: Ross And Co. Real Estate Partners Listing Agent: Philip A. Ross

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

    Learn more

    Overview

    Avalon Blvd Commercial Land Parcel

    This 0.309-acre parcel is zoned HCD (Highway Commercial Development) and located on Avalon Blvd (SR-281), near I-10. The location benefits from high visibility and FDOT traffic counts showing approximately 27,000 vehicles daily. An FDOT-approved Park & Ride facility along the frontage generates consistent commuter traffic. The zoning allows for a range of uses, including restaurants (with drive-thru permitted), fuel/convenience stores, retail, office space, vehicle sales/service, and lodging. This location is suited for commuter-oriented businesses due to its accessibility and visibility. Santa Rosa County is experiencing residential and industrial growth, with new distribution centers and commerce parks under construction nearby. The combination of traffic, regional connectivity, and flexible zoning presents an opportunity along a well-traveled corridor.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Bar & Pub HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.086596
    Latitude
    30.54092

    Nearby Similar for Lease

    • Contact for pricing

      FL, Milton - Opportunity Dr

      Discover many ways to work your way in Lake Mead Boulevard
      8100 Opportunity Dr, Milton, FL 32583
      View Details
    • $15 SF/Yr

      Retail Space in Pensacola Center

      Retail space ideal for service, retail, or office users.
      5941 Berryhill Rd, Milton, FL 32570
      View Details
    • $12 SF/Yr

      Milton Warehouse Space with Drive-in Bays

      2,500 SF warehouse space with two drive-in bays for lease.
      3996 Avalon Blvd, Milton, FL 32583
      View Details
    • $2,400 /Mo
      2,371 SF

      Historical Office/Retail in Downtown Milton

      Freestanding, well-maintained office/retail space in historic downtown Milton.
      6849 Oak St, Milton, FL 32570
      View Details
    • $12 SF/Yr
      3,110 SF

      Historic Downtown Milton Retail Space

      Freestanding retail space in historic downtown Milton for rent.
      5118 Canal St, Milton, FL 32570
      View Details
    • Contact for pricing
      8,932 SF

      Pace Medical Park Suites

      Medical suites available for lease in Pace Medical Park.
      3754 Highway 90, Milton, FL 32571
      View Details
    • Contact for pricing

      Retail Space in Milton, FL

      21,775 SF retail space with ALDI co-tenancy.
      5428 Dogwood Dr, Milton, FL 32570
      View Details
    • $9 SF/Yr
      4,800 SF

      Retail Space in High-Traffic Location

      Endcap retail unit with excellent visibility in Milton, Florida.
      Caroline St, Milton, FL 32570
      View Details
    • $15 SF/Yr

      Retail Space in Berryhill Plaza

      Retail spaces for lease with high visibility and ample parking.
      5941 Berryhill Rd, Milton, FL 32570
      View Details
    • $14 SF/Yr
      66,110 SF

      Prime Milton Flex Space Investment

      Versatile flex space; lease or buy, ideal location.
      5500 Stewart St, Milton, FL 32570
      View Details
    • $1,995 /Mo
      1,224 SF

      Prime Pace Office Space Available

      Move-in ready professional office suite in desirable Pace location.
      4509 - 4507 Woodbine Rd, Milton, FL 32571
      View Details
    • $1,200 /Mo
      246 SF

      Prime Milton Office Suite Available

      Executive office space for lease in thriving Milton, FL.
      5565 Woodbine Rd, Milton, FL 32571
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility commercial land parcel near I-10 in Milton, Florida.
    Where is this land located?
    The property is located at 2876 Avalon Blvd Milton, FL.
    What are key features of this property?
    This property features: - High-visibility location on Avalon Blvd (SR-281) with ~27,000 AADT near I-10.; - Flexible HCD zoning allows for a wide range of commercial uses.; - FDOT-approved Park & Ride facility generates consistent commuter traffic.
    (850) 503-1755 Call to check price and availability
    Request Owner's contact information
    2876 Avalon Blvd Milton, FL 32583
    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.
    2876 Avalon Blvd
    Milton, FL 32583
    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
    2876 Avalon Blvd Milton, FL 32583
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Philip A. Ross
    Philip A. Ross
    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!