Warehouse Building with High
For Sale
Contact for pricing
2986 Avalon Blvd, Milton, FL 32583
Corner-lot warehouse with water and sewer service near Interstate 10.
Property Size24,000 SF
Lot Size2.00 Acres
Price / SF$93.75
Days on Market70
Property Features for 2986 Avalon Blvd
General Information
Standard status
Active
Size
24,000 SF
Total Parking Spaces
120
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
24,000 SF
Building Details
Building Size
24,000 SF
Listing Agency:
Mike Price Signature Homes
(850) 259-9765
Listed By:
Jon Payne
(850) 259-9765
Source:
Moodyscre
Added: Jun 22
Changed: Aug 29
Last Checked: Aug 29 at 3:02PM
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 Mike Price Signature Homes
Investment Insights
Based on property information with market context.
The property includes a 24,000-square-foot warehouse on approximately 2 acres, with ceiling heights reaching 16 feet. The site is configured as a commercial building with a substantial parking area accommodating up to 120 cars. It was formerly used as a bowling alley.
Positioned on Avalon Blvd in Milton, the property is approximately one-half mile north of Interstate 10 and includes water and sewer service. Pensacola and Pace are each stated as being within a 12-minute drive.
Positioned on Avalon Blvd in Milton, the property is approximately one-half mile north of Interstate 10 and includes water and sewer service. Pensacola and Pace are each stated as being within a 12-minute drive.
Key Highlights
- 24,000‑square‑foot warehouse on approximately 2 acres
- Ceiling heights up to 16 feet
- Parking for up to 120 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$143,884
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,877,680
$2.9M
Cap Rate 7%
$2,055,486
$2.1M
Cap Rate 9%
$1,598,711
$1.6M
Market Conditions
NOI Build-Up for 24,000 SF
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.
Gross rent
$178.6K $7.44/SF
− Vacancy
−$9.3K −$0.39/SF
EGI
$169.3K $7.05/SF
− OpEx
−$25.4K −$1.06/SF
NOI
$143.9K $6.00/SF
Area
Santa Rosa County, FL
Vacancy
5.20%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,877,680
Cap Rate 7%
$2,055,486
Cap Rate 9%
$1,598,711
Alternative Uses
Best Use
Warehouse
$2.06M
$1.80M – $2.40M
NOI $143,884 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.91M
$5.17M – $6.89M
NOI $413,683 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32583, FL
31,047
Population
11,169
Households
2.8
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
125.1 sq mi
ZIP Area
248
Density / Sq Mi
$84,957
Median Household Income
$42,193
Median Earnings
$1,307
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Corner-lot warehouse with water and sewer service near Interstate 10.
Where is this warehouse located?
The property is located at 2986 Avalon Blvd Milton, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 24,000‑square‑foot warehouse on approximately 2 acres; Ceiling heights up to 16 feet; Parking for up to 120 cars
