Move-In Ready Medical Office
5942 Berryhill Medical Park Drive Milton, FL 32570
5942 Berryhill Medical Park Drive, Milton, FL, 32570
$1,635,000
For Sale
$1,635,000
Modern, renovated medical office space adjacent to Santa Rosa Medical Center.
Property Size7,184 SF
Price / SF$227.59
Days on Market394
Property Features for 5942 Berryhill Medical Park Drive
General Information
- Standard status
- Active
- Size
- 7,184 SF
- Property subtype
- OFC, OFC-MED
Building Details
- Year Built
- 1989
Listing Agency
Salter Company
(850) 564-0120
Listed by
Paul Salter · License #FL BK3105171
(850) 564-0120
Source
Realnex
Added: Jun 19, 2025 Checked: Jul 6 at 12:09 pm
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 Salter Company
Investment Insights
Based on property information with market context.
This 7,184 SF medical office space is available for sale in Milton, FL. The property is move-in ready and in turnkey condition, having been recently renovated. It is located adjacent to Santa Rosa Medical Center, placing it in the heart of Milton’s healthcare corridor. The property is ideal for a medical practice or healthcare provider. It features dual access via Berryhill Road and through the Santa Rosa Medical Center complex. Shared parking is available with two neighboring buildings. Prominent digital pylon signage is included at the Berryhill Road entrance. The current owner occupies the space for his practice.
Key Highlights
- Adjacent to Santa Rosa Medical Center in Milton's healthcare corridor.
- Move‑in ready, recently renovated, and in turnkey condition.
- Ideal for a medical practice or healthcare provider.
Local Financial Insights For Healthcare Medical
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 | $187.1k | $26.04 |
| − Vacancy | −$19.1k | −$2.66 |
| EGI | $168.0k | $23.38 |
| − OpEx | −$67.2k | −$9.35 |
| NOI | $100.8k | $14.03 |
7,184 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $100,794 @ 7.0% cap · market cap 6.16%
Second Best
Office B
$1.21M
$1.06M – $1.41M
NOI $84,829 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,829 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Modern, renovated medical office space adjacent to Santa Rosa Medical Center.
Where is this medical office space located?
The property is located at 5942 Berryhill Medical Park Drive Milton, FL.
What is the asking price?
The asking price for this property is $1,635,000.
What are key features of this property?
This property features: Adjacent to Santa Rosa Medical Center in Milton's healthcare corridor.; Move‑in ready, recently renovated, and in turnkey condition.; Ideal for a medical practice or healthcare provider.
