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    5375 Fl-10 Milton, FL

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    For Lease
    $1.00 SF/Yr

    Approximately 10-acre outparcel suitable for restaurant or retail use.

    Property size:
    435,694 SF
    Lot size:
    6.10 Acres

    Property Features for 5375 Fl-10

    General Information

    Size
    435,694 SF
    Lot size
    6.10 Acres

    We can help!

    Listing Contact
    Harry Bell
    Source: Moodyscre

    Listing Agent: Harry Bell

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

    Learn more

    Overview

    Pace, Florida Outparcel Opportunity

    Available for lease is an outparcel of approximately 10 acres in Pace, Florida, situated in a primary trade area. The site is positioned along US Hwy 90, which has a daily traffic count exceeding 37,000 vehicles. The location is suitable for restaurant or retail businesses. The surrounding area includes retailers such as Wal-Mart, Target, TJ Maxx, Home Depot, Publix, Office Depot, Shoe Carnival, Dollar Tree, Lowes, Rent a Center, Chic Fil A, Whataburger, Ruby Tuesday, AT&T, and Murphy Oil. Pace is located between Pensacola and Milton, near NAS Pensacola and NAS Whiting Field. The Pace community has a large military presence, with a large population of personnel residing in this immediate area. The site is in close proximity to shopping, national retailers, restaurants, top-rated schools and colleges, health systems, parks, beaches, and entertainment.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0396881
    Latitude
    30.6324149

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    FAQs

    What type of property is this?
    Land - Approximately 10-acre outparcel suitable for restaurant or retail use.
    Where is this land located?
    The property is located at 5375 Fl-10 Milton, FL.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Situated along US Hwy 90 with over 37,000 vehicles per day.; - Prime Retail Area: Ideal for restaurant or retail, surrounded by national retailers like Wal-Mart, Target, and Home Depot.; - Large Military Presence: Located near NAS Pensacola and NAS Whiting Field, with a high population of military personnel in the area.
    (850) 240-0527
    Request Owner's contact information
    5375 Fl-10 Milton, FL
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    Milton, FL
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    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
    5375 Fl-10 Milton, FL
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    We can help!
    Listing Contact
    Harry Bell
    Real Estate License ID: #BK3026917
    (850) 240-0527
    Learn more
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