Established Restaurant Property For
For Sale
$915,000
5129 Dogwood Drive, Milton, FL 32570
High-visibility commercial property with long-term tenant in Milton, Florida.
Property Size5,126 SF
Price / SF$178.50
Days on Market208
Property Features for 5129 Dogwood Drive
General Information
Standard status
Active
Size
5,126 SF
Property subtype
Special Purpose / Other
Building Details
Building Size
5,126 SF
Listing Agency:
RE/MAX
Listed By:
Preston House · License #BK
(850) 398-8898
Source:
Remaxcommercial
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 19 at 3:13AM
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 RE/MAX
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Investment Insights
Based on property information with market context.
This commercial property is located in the retail corridor of Milton and is currently occupied by David's Catfish House, a local restaurant that has been operating at this location for over 20 years. The property has a size of 5126 square feet and is suitable for conventional restaurants, storefront properties, retail properties, and other commercial real estate ventures. This income-producing property offers a high-visibility location.
Key Highlights
- High‑visibility location in Milton's retail corridor.
- Income‑producing commercial property.
- Home to David's Catfish House, a well‑established restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,716
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,320
$1.4M
Cap Rate 7%
$967,371
$967.4K
Cap Rate 9%
$752,400
$752.4K
Market Conditions
NOI Build-Up for 5,126 SF
Gross rent
$97.2K $18.96/SF
− Vacancy
−$6.9K −$1.35/SF
EGI
$90.3K $17.61/SF
− OpEx
−$22.6K −$4.40/SF
NOI
$67.7K $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%
$1,354,320
Cap Rate 7%
$967,371
Cap Rate 9%
$752,400
Alternative Uses
Best Use
Specialty Retail
$967.4K
$846.5K – $1.13M
NOI $67,716 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,356 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 27%
Shops & Services 27%
Electronics 2%
Bealls
Apparel
23,334 visits/mo
0.4 miles
El Paso Mexican Restaurant
Dining
16,961 visits/mo
0.4 miles
Tom Thumb Food Stores
Shops & Services
12,877 visits/mo
0.4 miles
Tom Thumb Food Stores
Shops & Services
9,788 visits/mo
0.4 miles
Waffle House
Dining
8,282 visits/mo
0.5 miles
Demographics for 32570, FL
33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - High-visibility commercial property with long-term tenant in Milton, Florida.
Where is this conventional restaurant located?
The property is located at 5129 Dogwood Drive Milton, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: High‑visibility location in Milton's retail corridor.; Income‑producing commercial property.; Home to David's Catfish House, a well‑established restaurant.
