6433 Old Hwy 90, Milton, FL
Showroom and warehouse with high visibility and income potential.
- Added:
- Apr 25, 2024
- Days on Market:
- 777
- Last Refresh:
- May 20 at 8:11 pm
Property Features for 6433 Old Hwy 90
General Information
- Standard status
- Active
- Size
- 9,840 SF
- Lot size
- 0.92 Acres
- Property subtype
- RETAIL
Listing agent Troy Doss (850) 206-5487
Listing office Salter Commercial LLC (850) 206-5487
Listing date Apr 25, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Salter Commercial LLC
HighLights
- High traffic visibility with 40,500 cars daily on Hwy 90.
- Large showroom/office and warehouse space: 4,200 SF showroom/office and 5,640 SF warehouse.
- Warehouse features one dock‑high loading door and one drive‑in door.
- Flexible occupancy - seller can vacate at closing.
- Income potential: 1,200 SF currently leased for $950/month (lease ends Jan. 2026).
- Includes additional rear lot 200' x 159' (.73 ac).
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.3k | $16.80 |
| − Vacancy | −$14.1k | −$1.43 |
| EGI | $151.3k | $15.37 |
| − OpEx | −$45.4k | −$4.61 |
| NOI | $105.9k | $10.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- SC Cabinetry and Surfaces — 6586 Caroline St, Milton, FL 32570
- Broxson's Rugs and More — 5158 Dogwood Dr, Milton, FL 32570
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.0548
- Latitude
- 30.61