Fully Leased Multi-Tenant Shopping
4564-4568 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
For Sale
New
Contact for pricing
Two commercial buildings accommodate eight leased spaces, including a restaurant, tattoo parlor, and fitness gym.
Property Size10,000 SF
Lot Size2.41 Acres
Price / SF$169.50
Days on Market5
Property Features for 4564-4568 Gulf Breeze Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Alliance Real Estate
(850) 393-9455
Listed By:
Daniel J Hua · License FL SL3527144
(850) 516-9967
Source:
Moodyscre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Alliance Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center comprises two commercial buildings with approximately 11,200 square feet of gross building area, including about 10,000 square feet of heated space. Built in 2001, the property contains eight commercial spaces and is fully occupied. The tenant mix includes a restaurant using four adjoining spaces, a tattoo parlor, and a fitness gym. On-site parking is available, and tenants handle their own utilities and interior maintenance.
The center fronts Highway 98 along Gulf Breeze Parkway, with approximately 292 feet of highway frontage. The site covers approximately 2.413 acres in Gulf Breeze, Florida.
The center fronts Highway 98 along Gulf Breeze Parkway, with approximately 292 feet of highway frontage. The site covers approximately 2.413 acres in Gulf Breeze, Florida.
Key Highlights
- Two commercial buildings totaling approximately 11,200 square feet gross and 10,000 square feet heated
- Eight commercial spaces; fully occupied
- Restaurant occupies four adjoining spaces, alongside tattoo parlor and fitness gym tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,104
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,642,080
$2.6M
Cap Rate 7%
$1,887,200
$1.9M
Cap Rate 9%
$1,467,822
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$189.6K $18.96/SF
− Vacancy
−$13.5K −$1.35/SF
EGI
$176.1K $17.61/SF
− OpEx
−$44.0K −$4.40/SF
NOI
$132.1K $13.21/SF
Area
Santa Rosa County, FL
Vacancy
7.10%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,642,080
Cap Rate 7%
$1,887,200
Cap Rate 9%
$1,467,822
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,104 @ 7.0% cap · market cap 7.79%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,604 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
286
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
286 visits/mo
0.4 miles
Demographics for 32563, FL
27,329
Population
12,883
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,646
Density / Sq Mi
$97,139
Median Household Income
$41,647
Median Earnings
$1,692
Median Rent
$362,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Two commercial buildings accommodate eight leased spaces, including a restaurant, tattoo parlor, and fitness gym.
Where is this shopping center located?
The property is located at 4564-4568 Gulf Breeze Pkwy Gulf Breeze, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two commercial buildings totaling approximately 11,200 square feet gross and 10,000 square feet heated; Eight commercial spaces; fully occupied; Restaurant occupies four adjoining spaces, alongside tattoo parlor and fitness gym tenants
