Mixed-Use Property with
5701 Stewart St, Milton, FL 32570
For Sale
Contact for pricing
The configuration pairs an established barber shop with a separately accessed one-bedroom apartment.
Property Size2,028 SF
Price / SF$138.02
Days on Market81
Property Features for 5701 Stewart St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Utilities to Site
Additional Details
Business Included
Listing Agency:
BluMac Realty, Inc.
(850) 981-1631
Listed By:
Tracey McMackin · License FL #55802
(850) 516-6767
Source:
Moodyscre
Added: Aug 22
Changed: Nov 9
Last Checked: Nov 10 at 8:58AM
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 BluMac Realty, Inc.
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Investment Insights
Based on property information with market context.
At 2,028 square feet, this mixed-use property brings together a barber shop and a one-bedroom apartment with a separate entrance. The shop has room for three barber chairs, a customer waiting area, office, and storage. The apartment includes a large living room, kitchenette and dining area, bathroom, and walk-in closet. Tile floors, a metal roof, two kitchenettes, a covered front porch, and 54 LED lights are among the building features. The property is ADA compliant and has a termite bond.
The building occupies a corner lot with ample parking and is served by public water and sewer. Its zoning supports mixed residential and commercial use. The barber shop has been operating for more than 30 years; a barber currently on staff may be available to remain and lease a chair, subject to licensing requirements.
The building occupies a corner lot with ample parking and is served by public water and sewer. Its zoning supports mixed residential and commercial use. The barber shop has been operating for more than 30 years; a barber currently on staff may be available to remain and lease a chair, subject to licensing requirements.
Key Highlights
- 2,028‑square‑foot mixed‑use property with barber shop and apartment
- Shop layout accommodates three barber chairs, with waiting area, office, and storage
- Separate apartment includes one bedroom, large living room, kitchenette/dining area, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,822
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,440
$436.4K
Cap Rate 7%
$311,743
$311.7K
Cap Rate 9%
$242,467
$242.5K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$34.1K $16.80/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$31.2K $15.37/SF
− OpEx
−$9.4K −$4.61/SF
NOI
$21.8K $10.76/SF
Area
Santa Rosa County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,440
Cap Rate 7%
$311,743
Cap Rate 9%
$242,467
Alternative Uses
Best Use
Retail
$311.7K
$272.8K – $363.7K
NOI $21,822 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$258.1K
$225.9K – $301.2K
NOI $18,069 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$499.4K
$437.0K – $582.6K
NOI $34,956 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
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?
Mixed-use property - The configuration pairs an established barber shop with a separately accessed one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 5701 Stewart St Milton, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,028‑square‑foot mixed‑use property with barber shop and apartment; Shop layout accommodates three barber chairs, with waiting area, office, and storage; Separate apartment includes one bedroom, large living room, kitchenette/dining area, and bathroom
