Move-In Ready Medical Office
5942 Berryhill Medical Park Drive, Milton, FL 32570
Modern, renovated medical office space adjacent to Santa Rosa Medical Center.
Type:OFC, OFC-MED
Property size:
7,184 SFPrice / SF:
$227/SF- Added:
- Jun 19, 2025
- Days on Market:
- 349
- Last Refresh:
- Apr 3 at 4:54 am
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 agent Paul Salter License #FL BK3105171 (850) 564-0120
Listing office Salter Commercial, LLC (850) 564-0120
Listing date Jun 19, 2025
Source Realnex
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 Commercial, LLC
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.
- 7,184 SF of medical office space.
- Shared parking with two neighboring buildings.
- Dual access via Berryhill Road and through the Santa Rosa Medical Center complex, plus digital pylon signage.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Santa Rosa
- State
- Florida
- Longitude
- -87.0689105
- Latitude
- 30.6347343
Nearby Similar for Sale
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.
