Highway 87 Commercial
For Sale
Contact for pricing
Pending
2495 Hwy 87, Navarre, FL
7,500 SF commercial property on Highway 87 for sale.
Property Size7,500 SF
Lot Size1.45 Acres
Days on Market423
Property Features for 2495 Hwy 87
General Information
Standard status
Pending
Size
7,500 SF
Lot size
1.45 Acres
Property subtype
OFFICE
Listing Agency:
Salter Commercial LLC
(850) 232-5371
Listed By:
Trey Potts · License #BK3539177
(850) 501-9101
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Oct 15
Last Checked: Oct 14 at 9:40PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$105,228
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,560
$2.1M
Cap Rate 7%
$1,503,257
$1.5M
Cap Rate 9%
$1,169,200
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$195.3K $26.04/SF
− Vacancy
−$19.9K −$2.66/SF
EGI
$175.4K $23.38/SF
− OpEx
−$70.2K −$9.35/SF
NOI
$105.2K $14.03/SF
Area
Santa Rosa County, FL
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,560
Cap Rate 7%
$1,503,257
Cap Rate 9%
$1,169,200
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in South region
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.**
