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    6863 Navarre Pkwy Navarre, FL 32566

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    For Sale
    $2,387,453

    Retail property with long-term lease and high visibility.

    Property size:
    5,626 SF
    Lot size:
    0.71 Acres

    Property Features for 6863 Navarre Pkwy

    General Information

    Size
    5,626 SF
    Lot size
    0.71 Acres

    Source: Matthews Real Estate Investment Services | Fort Lauderdale Agent Daniel Gonzalez

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

    Overview

    Navarre Parkway Retail Investment Opportunity

    This retail property features a long-term lease with approximately 8 years remaining on the base term, extending until March 2033, and includes two additional five-year extension options. Located in a growing market, Navarre is experiencing rapid development with multiple site plans approved for 2024 and 2025. The property benefits from high visibility with prime frontage on Navarre Parkway (U.S. Highway 98), a major thoroughfare with a strong daily traffic count of approximately 42,500 vehicles per day. U.S. Highway 98 is a key east-west corridor stretching from Alabama to Florida’s east coast, providing exceptional visibility and accessibility. The property is strategically positioned at a hard signalized intersection, offering full access with right-in, right-out, left-in, and left-out turning movements, maximizing visibility and ease of entry for customers. The property contains 5,626 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Wholesale Shop Skin Care Clinic

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

    Similar Places Nearby

    Florist

    Location Insight

    • Map
    • Local Demand
    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9358982
    Latitude
    30.4017154

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    FAQs

    What type of property is this?
    Storefront property - Retail property with long-term lease and high visibility.
    Where is this storefront property located?
    The property is located at 6863 Navarre Pkwy Navarre, FL.
    What is the asking price?
    The asking price for this property is $2,387,453.
    What are key features of this property?
    This property features: - Long-term lease with approximately 8 years remaining on the base term, extending to March 2033, plus two 5-year extension options.; - **High visibility location with prime frontage on Navarre Parkway (U.S. Highway 98), experiencing high daily traffic (\u00b142,500 VPD).**; - Strategic positioning at a signalized intersection, providing full access for customers.
    (561) 767-5582
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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
    6863 Navarre Pkwy Navarre, FL 32566
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