Highway 87 Commercial
2495 Hwy 87 Navarre, FL
For Sale
Contact for pricing
7,500 SF commercial property on Highway 87 for sale.
Property Size7,500 SF
Lot Size1.45 Acres
Price / SF$200
Days on Market344
Property Features for 2495 Hwy 87
General Information
Standard status
Active
Size
7,500 SF
Lot size
1.45 Acres
Property subtype
OFFICE
Listing Agency:
Salter Commercial LLC
(850) 501-9101
Listed By:
Trey Potts · License #SL3539177
(850) 501-9101
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:52AM
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
Investment Insights
Based on property information with market context.
This 7,500 square foot commercial property is located directly on Highway 87, a busy traffic corridor with an Annual Average Daily Traffic of 23,500. The property features an open floor plan suitable for various business uses and a perimeter office build-out. It offers high visibility and easy access from Highway 87, along with ample parking with 78 stalls. The layout provides flexible options, making it suitable for a medical office, retail space, or professional services. This property is positioned to provide the exposure and functionality needed for business operations.
Key Highlights
- Directly on Highway 87 with high visibility and easy access.
- High traffic location with 23,500 AADT.
- 7,500 square foot versatile commercial property.
Financial Insights For Healthcare Medical
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 | $195.3k | $26.04 |
| − Vacancy | −$19.9k | −$2.66 |
| EGI | $175.4k | $23.38 |
| − OpEx | −$70.2k | −$9.35 |
| NOI | $105.2k | $14.03 |
7,500 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.50M
$1.32M – $1.75M
NOI $105,228 @ 7.0% cap · market cap 7.02%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,276 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - 7,500 SF commercial property on Highway 87 for sale.
Where is this office units located?
The property is located at 2495 Hwy 87 Navarre, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Directly on Highway 87 with high visibility and easy access.; High traffic location with 23,500 AADT.; **7,500 square foot versatile commercial property.**
