Prime Retail/Office/Restaurant Pad
4612 Highway 90, Pace, FL 32571
Pad site in retail epicenter with high traffic volume.
Property size:
5,400 SFPrice / SF:
$157/SF- Added:
- Mar 6, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 5 at 11:55 pm
Property Features for 4612 Highway 90
General Information
- Standard status
- Active
- Size
- 5,400 SF
Listing agent Sonny Granger License #FL #BK652130 (850) 434-7500
Listing office (850) 434-7500
Listing date Mar 6, 2026
Source Southlandcommercial
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 Sonny Granger
HighLights
- Located in the retail epicenter of Pace, Florida, one of the fastest‑growing communities.
- High traffic location: Over 46,000 vehicles per day on a lighted corner of two major corridors (Highway 90 & East Spencer Field Road).
- Excellent access and visibility on both Hwy 90 & E Spencer Field Rd.
- Pad site ready to build up to 5,400 SF of retail/office/restaurant space with drive‑through capability.
- Completed site work includes master storm water retention, parking lot resurfacing/restriping, curbing, turn lanes, irrigation, and landscaping.
- Surrounded by a dense concentration of shopping, dining, entertainment, and banking businesses, including national retailers and restaurants.
Overview
This pad site is located in the primary shopping, dining, entertainment, and banking area of the community. The site is situated on a lighted corner of two major corridors, Highway 90 and East Spencer Field Road, with over 46,000 vehicles per day. Completed site work includes master storm water retention, parking lot resurfacing and restriping, curbing, turn lanes, irrigation, and landscaping. The pad site is ready to build up to 5,400 square feet of retail, office, or restaurant space, with the ability for a drive-through. The location offers excellent access and visibility on both Highway 90 and East Spencer Field Road. The site is located in the retail epicenter of one of Florida's fastest-growing communities (Pace MSA). Other businesses within a half mile of the site include a wide variety of retailers, restaurants, and service providers. New developments in the immediate area include multiple dining and retail options.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$792.6K
NOI $71,336 @ 9.00% cap · cautious / downside scenario
Moderate
$1.02M
NOI $71,336 @ 7.00% cap · market / base-case scenario
Aggressive
$1.43M
NOI $71,336 @ 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 Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.4k | $18.96 |
| − Vacancy | −$7.3k | −$1.35 |
| EGI | $95.1k | $17.61 |
| − OpEx | −$23.8k | −$4.40 |
| NOI | $71.3k | $13.21 |
5,400 SF · lease $18.96/SF/yr · vacancy 7.10% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$1.02M
$891.7K – $1.19M
NOI $71,336 @ 7.0% cap · market cap 8.40%
Second Best
Office B
$910.9K
$797.0K – $1.06M
NOI $63,763 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,079 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Pace
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.1312673
- Latitude
- 30.6043504
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Pad site in retail epicenter with high traffic volume.
Where is this commercial land located?
The property is located at 4612 Highway 90 Pace, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Located in the retail epicenter of Pace, Florida, one of the fastest‑growing communities.; High traffic location: Over 46,000 vehicles per day on a lighted corner of two major corridors (Highway 90 & East Spencer Field Road).; Excellent access and visibility on both Hwy 90 & E Spencer Field Rd.
