Highway 87 Commercial
2495 Hwy 87, Navarre, FL
Call to check price and availability
7,500 SF commercial property on Highway 87 for sale.
Type:OFFICE
Property size:
7,500 SFLot size:
1.45 AcresPrice / SF:
$200/SF- Added:
- Aug 19, 2025
- Days on Market:
- 278
- Last Refresh:
- Apr 5 at 8:42 pm
Property Features for 2495 Hwy 87
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 1.45 Acres
- Property subtype
- OFFICE
Listing agent Trey Potts (850) 501-9101
Listing office Salter Commercial LLC (850) 501-9101
Listing date Aug 19, 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 Salter Commercial LLC
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.
- Ample parking with 78 stalls.
- Open floor plan with perimeter office build‑out.
- Suitable for medical, retail, or professional services.
Overview
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.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.17M
NOI $105,228 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,228 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,228 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| 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 Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Navarre
- County
- Santa Rosa
- State
- Florida
- Longitude
- -86.8683
- Latitude
- 30.4246
Nearby Similar for Sale
FAQs
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.**
