Mixed-Use Property with
For Sale
Contact for pricing
5701 Stewart St, Milton, FL 32570
The configuration pairs an established barber shop with a separately accessed one-bedroom apartment.
Property Size2,028 SF
Price / SF$147.93
Days on Market36
Property Features for 5701 Stewart St
General Information
Standard status
Active
Size
2,028 SF
Property subtype
RETAIL
Zoning
mixed use residential/commercial
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Listing Agency:
BluMac Realty, Inc.
(850) 981-1631
Listed By:
Tracey McMackin · License #55802
(850) 516-6767
Source:
Moodyscre
Added: Aug 22
Changed: Sep 24
Last Checked: Sep 24 at 2:35PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.27%
Second Best
Mixed Use
$258.1K
$225.9K – $301.2K
NOI $18,069 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$499.4K
$437.0K – $582.6K
NOI $34,956 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 $300,000.
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
