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    Two-Story Cottage on Corner Lot Title is generated by Realmo AI

    1505 S Highway 95a, Cantonment, FL

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    Commercial property with historic cottage and business opportunity.

    Type:OFFICE
    Lot size:
    0.66 Acres
    Added:
    Jul 14, 2025
    Days on Market:
    324
    Last Refresh:
    May 20 at 8:36 pm

    Property Features for 1505 S Highway 95a

    General Information

    Standard status
    Active
    Lot size
    0.66 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Alan Trammell
    Alan Trammell

    Listing agent Alan Trammell License #SL3397816

    Listing office Levin Rinke Realty

    Listing date Jul 14, 2025

    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 Levin Rinke Realty

    HighLights

    • Zoned Com on a 0.66 acre corner lot, suitable for commercial use.
    • Includes a well‑maintained and updated two‑story cottage built in 1916.
    • Features 1536 sqft of heated space on the main floor and an additional 384 sqft upstairs.
    • 25x18 storage building on a slab with power.
    • Opportunity to purchase the established "Escape LOL" business for an additional $90,000.
    • Owner financing may be considered.

    Overview

    This commercial property features a two-story cottage, constructed in 1916, situated on a 0.66-acre corner lot. The building has been preserved and updated by its current and previous owners. The main floor provides 1536 square feet of heated space, with an additional 384 square feet located upstairs. Additional square footage has been incorporated on the front and back porches. A 25x18 storage building with a slab foundation and power is also located on the property. The property has been used for retail purposes in the past and is currently operating as an escape room business. The established business, Escape LOL, is available for purchase for an additional $90,000. Escape LOL uses a secondary street address of 1757 N. Tate School Road, Cantonment, FL, to encourage customers to use the side entrance into the parking lot from N Tate School Rd. The current owners will consider owner financing. Financials provided are that of owner-operator for "Escape LOL" and provided for anyone interested in purchasing the "Escape LOL" along with the commercial property, a more detailed (itemized) financial report is available for buyers interested in the business as well as the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

    Similar Places Nearby

    • Grandview Florist — 1370 S Hwy 29, Cantonment, FL 32533

    Location Insight

    • Map
    • Local Demand
    City
    Cantonment
    County
    Escambia
    State
    Florida
    Longitude
    -87.2961
    Latitude
    30.5816

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    FAQs

    What type of property is this?
    Storefront property - Commercial property with historic cottage and business opportunity.
    Where is this storefront property located?
    The property is located at 1505 S Highway 95a Cantonment, FL.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Zoned Com on a 0.66 acre corner lot, suitable for commercial use.; Includes a well‑maintained and updated two‑story cottage built in 1916.; Features 1536 sqft of heated space on the main floor and an additional 384 sqft upstairs.
    (850) 530-4921 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alan Trammell
    Alan Trammell
    Real Estate License ID: SL3397816
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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.

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