Free-Standing Retail Building
4641 Highway 20 Niceville, FL 32578
4641 Highway 20, Niceville, FL, 32578
$1,275,000
For Sale
$1,275,000
3,000 SF retail building built in 2021 in Niceville, FL.
Property Size3,000 SF
Price / SF$425
Days on Market174
Property Features for 4641 Highway 20
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing Agency
Bellcore Commercial
(850) 240-0527
Listed by
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source
Bellcorecommercial
Added: Jan 27 Updated: Jul 10 at 12:53 pm Checked: Jul 20 at 2:51 am
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 Bellcore Commercial
Investment Insights
Based on property information with market context.
Offered for sale is a 3,000 SF free-standing retail building constructed in 2021, presenting an investment opportunity. The property features an efficient layout, durable finishes, and ample space for customization. The building can be easily subdivided to create two separate retail or service spaces, providing flexibility for multi-tenant occupancy. Its standalone design supports prominent branding, flexible tenant configurations, and streamlined operations, making it suitable for owner-users or investors. The location offers visibility and accessibility, positioning it as a destination for retail businesses. The property is located in Niceville, FL, where the local landscape provides an inviting backdrop for retail and street retail businesses. The location offers access to attractions. Bluewater Bay and Turkey Creek Park are nearby. The area creates an attractive environment for businesses seeking to thrive.
Key Highlights
- Strategic location in a high‑traffic area of Niceville, offering unparalleled visibility and accessibility.
- Built in 2021, ensuring modern construction and durable finishes.
- Easily subdivided into two separate retail spaces, providing flexibility for multi‑tenant occupancy or diverse business operations.
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 | $66.6k | $22.20 |
| − Vacancy | −$5.0k | −$1.67 |
| EGI | $61.6k | $20.54 |
| − OpEx | −$18.5k | −$6.16 |
| NOI | $43.1k | $14.37 |
3,000 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,927 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,000 SF retail building built in 2021 in Niceville, FL.
Where is this retail space located?
The property is located at 4641 Highway 20 Niceville, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Strategic location in a high‑traffic area of Niceville, offering unparalleled visibility and accessibility.; Built in 2021, ensuring modern construction and durable finishes.; Easily subdivided into two separate retail spaces, providing flexibility for multi‑tenant occupancy or diverse business operations.
