6150 Old Bagdad Hwy, Milton, FL 32583

Building Details

Building Size 10,000 SF More

Year Built 2006 More

Buildings 1 More

Construction modular metal More

Listing Agency: Bellcore Commercial

Listed By: Harry Bell Jr. · License FL BK3026917 Show Phone

Source: Bellcorecommercial

Added: Aug 12 Changed: Nov 11 Last Checked: Nov 10 at 6:33AM

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Investment Insights

Based on property information with market context.

This modular metal warehouse and storage property contains approximately 10,000 SF within a building constructed in 2006. The interior is divided into three units, creating a practical configuration for warehouse, storage, owner-user, and other commercial applications. Three roll-up doors support access to the building and its varied commercial functionality.

The property occupies approximately 1 acre at 6150 Old Bagdad Hwy in Milton, Florida, at the intersection of Old Bagdad Highway and Parkmore Plaza Drive. Its location provides direct access to the surrounding roadway network.

Key Highlights

• Approximately 10,000 SF modular metal warehouse/storage building
• Approximately 1 acre of property in Milton, Florida
• Building constructed in 2006

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,952

Cap Rate

5.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,199,040 $1.2M

Cap Rate 7%

$856,457 $856.5K

Cap Rate 9%

$666,133 $666.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$74.4K $7.44/SF

− Vacancy

−$3.9K −$0.39/SF

EGI

$70.5K $7.05/SF

− OpEx

−$10.6K −$1.06/SF

NOI

$60.0K $6.00/SF

Area

Santa Rosa County, FL

Vacancy

5.20%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,199,040

Cap Rate 7%

$856,457

Cap Rate 9%

$666,133

Alternative Uses

Best Use

Warehouse

$856.5K

$749.4K – $999.2K (±1% cap)

NOI $59,952 @ 7.0% cap · market cap 5.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $172,368 @ 7.0% cap · market cap 15.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Peak Performance Fitness Gym & Fitness Center

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Law Firm Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

230

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32583, FL

31,047

Population

11,169

Households

2.8

Avg Household Size

41

Median Age

22%

College-Educated

87%

High-School Grad

125.1 sq mi

ZIP Area

248

Density / Sq Mi

$84,957

Median Household Income

$42,193

Median Earnings

$1,307

Median Rent

$229,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Climate Controlled Self-Storage — milton, fl 32570
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Frequently Asked Questions

What type of property is this?

Warehouse - Modular metal construction provides a flexible warehouse and storage layout for commercial use.

Where is this warehouse located?

The property is located at 6150 Old Bagdad Hwy Milton, FL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Approximately 10,000 SF modular metal warehouse/storage building; Approximately 1 acre of property in Milton, Florida; Building constructed in 2006