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    Pace, FL Neighborhood Center Title is generated by Realmo AI

    5624 Woodbine Rd, Pace, FL 32571

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    25,700 SF neighborhood center in Pace, Florida.

    Type:Retail
    Property size:
    25,700 SF
    Price / SF:
    $203/SF
    Added:
    Feb 17, 2026
    Days on Market:
    130
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 5624 Woodbine Rd

    General Information

    Standard status
    Active
    Size
    25,700 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2002

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    Daniel Gonzalez
    Daniel Gonzalez

    Listing office Matthews

    Listing date Feb 17, 2026

    Source Crexi

    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 Matthews

    HighLights

    • Publix Shadow Center provides great exposure.
    • Currently 79.77% Occupied.
    • 5.65% Cap Rate.
    • 25,700 SF available.
    • Priced at $204/SF.
    • Built in 2002.

    Overview

    This commercial property in Pace, Florida, is a neighborhood center with a total area of 25,700 square feet. The property is currently 79.77% occupied and is being offered for sale. The property is shadow-anchored by Publix.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $431.8k $16.80
    − Vacancy −$36.7k −$1.43
    EGI $395.1k $15.37
    − OpEx −$118.5k −$4.61
    NOI $276.5k $10.76
    25,700 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.95M
    $3.46M – $4.61M (±1% cap)
    NOI $276,542 @ 7.0% cap · market cap 5.28%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.33M
    $5.54M – $7.38M (±1% cap)
    NOI $442,986 @ 7.0% cap · market cap 8.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1803382
    Latitude
    30.6408058

    FAQs

    What type of property is this?
    Shopping center - 25,700 SF neighborhood center in Pace, Florida.
    Where is this shopping center located?
    The property is located at 5624 Woodbine Rd Pace, FL.
    What is the asking price?
    The asking price for this property is $5,240,000.
    What are key features of this property?
    This property features: Publix Shadow Center provides great exposure.; Currently 79.77% Occupied.; 5.65% Cap Rate.
    (239) 994-9643 Call to check price and availability
    More about this property
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