Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Service Shop For Sale Title is generated by Realmo AI

    5421 Stokes Rd, Milton, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Service shop with fenced yard on 0.42 acres.

    Type:OFFICE
    Property size:
    1,449 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $182/SF
    Added:
    Sep 3, 2025
    Days on Market:
    263
    Last Refresh:
    Apr 5 at 8:45 pm

    Property Features for 5421 Stokes Rd

    General Information

    Standard status
    Active
    Size
    1,449 SF
    Lot size
    0.43 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Melissa Glyptis Simpson

    Listing agent Melissa Glyptis Simpson

    Listing office Coldwell Banker Commercial Realty

    Listing date Sep 3, 2025

    Source Moodyscre

    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 Coldwell Banker Commercial Realty

    HighLights

    • Freestanding service shop with office and fenced laydown yard.
    • Zoned C‑2 in the City of Milton.
    • 0.42 Acre Lot with full wrap‑around access.
    • Two means of ingress/egress.
    • Additional storage buildings located on the rear of the lot.
    • Demographics within a 5 mile radius: Average Household Income of $98,240.

    Overview

    This freestanding service shop includes an office, a fenced laydown yard, and additional storage buildings situated at the rear of the 0.42-acre lot. The property benefits from full wrap-around access and features two points of ingress and egress. It is zoned C-2 within the city of Milton. The total population within a 5-mile radius is 55,827, with an average household income of $98,240. The property size is 1,449 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $173.2K
    NOI $15,592 @ 9.00% cap · cautious / downside scenario
    Moderate
    $222.7K
    NOI $15,592 @ 7.00% cap · market / base-case scenario
    Aggressive
    $311.8K
    NOI $15,592 @ 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 Retail

    Component $ $/SF
    Gross rent $24.3k $16.80
    − Vacancy −$2.1k −$1.43
    EGI $22.3k $15.37
    − OpEx −$6.7k −$4.61
    NOI $15.6k $10.76
    1,449 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $222.7K
    $194.9K – $259.9K (±1% cap)
    NOI $15,592 @ 7.0% cap · market cap 5.88%
    Second Best
    Industrial
    $102.2K
    $89.4K – $119.2K (±1% cap)
    NOI $7,154 @ 7.0% cap · market cap 2.70%
    Theoretical Best
    Office A
    $356.8K
    $312.2K – $416.3K (±1% cap)
    NOI $24,976 @ 7.0% cap · market cap 9.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Erhart Marine Services — 6 Madison St, Milton, FL 32570
    • B & G Automotive LLC — 6564 Berryhill Rd, Milton, FL 32570
    • Everett's Transmission — 5396 Stewart St, Milton, FL 32570
    • Mac's Auto Service — 5404 Stewart St, Milton, FL 32570
    • Miley's Garage — 6628 Elva St, Milton, FL 32570

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0397
    Latitude
    30.6324

    Nearby Similar for Sale

    • $399,900
      4,700 SF

      Spacious Multi-Use Vintage Home

      9-bedroom home with income potential on a large lot.
      5347 Stewart St, Milton, FL 32570
      View Details
    • $499,000
      2,000 SF

      Commercial Corner with Pet Facility

      Commercial property with existing building and development potential.
      5844 Berryhill Rd, Milton, FL
      View Details
    • $915,000
      5,126 SF

      Established Restaurant Property For Sale

      High-visibility commercial property with long-term tenant in Milton, Florida.
      5129 Dogwood Dr, Milton, FL 32570
      View Details
    • $329,000

      Income Producing Homes in Milton

      Parcel with five separate income producing homes, room to build.
      5378 Alabama St, Milton, FL 32570
      View Details
    • $475,000

      Modern Duplex Near NAS Whiting

      New construction duplex with assumable VA loan near NAS Whiting.
      6876/6878 Trailride N, Milton, FL 32570
      View Details
    • $490,000

      Milton Commercial Property For Sale

      Commercial property available in Milton, Florida.
      8651 S Highway 87, Milton, FL 32583
      View Details
    • $5,100,000

      Eco-Friendly Retreat on Coldwater Creek

      Unique Milton, Florida retreat with diverse accommodations and expansion potential.
      7009 Creek Stone Rd, Milton, FL 32570
      View Details
    • $350,000
      4,607 SF

      2,500 SF Stand Alone Medical Office immediate to SRMC For Sale

      Move-in ready medical office near Santa Rosa Medical Center.
      6044 Doctors Park, Milton, FL 32570
      View Details
    • $4,250,000
      26,250 SF

      Retail Plaza in Growing Pace

      Retail plaza with stable income in rapidly growing Pace, Florida.
      4843-4873 W Spencer Field Rd, Milton, FL
      View Details
    • $499,900
      4,600 SF

      Historic Two-Story Office Building

      Charming two-story office building in historic downtown Milton.
      5220 Willing St, Milton, FL
      View Details
    • $250,000
      875 SF

      Duplex in Milton, Florida

      Duplex with rental income potential near amenities and Santa Rosa Hospital.
      5185 Hilltop Dr, Milton, FL 32570
      View Details
    • $1,635,000
      7,184 SF

      Milton Medical Office For Sale

      Turnkey medical office adjacent to Santa Rosa Medical Center.
      5942 Berryhill Medical Park Dr, Milton, FL
      View Details

    FAQs

    What type of property is this?
    Auto shop - Service shop with fenced yard on 0.42 acres.
    Where is this auto shop located?
    The property is located at 5421 Stokes Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Freestanding service shop with office and fenced laydown yard.; Zoned C‑2 in the City of Milton.; 0.42 Acre Lot with full wrap‑around access.
    (850) 733-6532 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Melissa Glyptis Simpson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5421 Stokes Rd, Milton, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!