Three-Unit Warehouse
New
For Sale
$1,100,000
6150 Old Bagdad Hwy, Milton, FL 32583
Modular metal construction provides a flexible warehouse and storage layout for commercial use.
Property Size10,000 SF
Lot Size1.00 Acre
Price / SF$110
Days on Market2
Property Features for 6150 Old Bagdad Hwy
General Information
Standard status
Active
Size
10,000 SF
Class
C
Lot size
1.00 Acre
Property subtype
Office
Additional Details
Warehouse Space
10,000 SF
Building Details
Building Size
10,000 SF
Year Built
2006
Buildings
1
Construction
modular metal
Listing Agency:
Bellcore Commercial LLC
(850) 240-0527
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:34AM
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 Bellcore Commercial LLC
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.
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 = 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
$59,952
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
5.45%
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%
$1,199,040
$1.2M
Cap Rate 7%
$856,457
$856.5K
Cap Rate 9%
$666,133
$666.1K
Market Conditions
NOI Build-Up for 10,000 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
$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 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%
$1,199,040
Cap Rate 7%
$856,457
Cap Rate 9%
$666,133
Alternative Uses
Best Use
Warehouse
$856.5K
$749.4K – $999.2K
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
NOI $172,368 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Climate Controlled Self-Storage — milton, fl 32570
- Self-Storage at U-Haul — 6050 US-90, Milton, FL 32570
- Climate Controlled Self-Storage — 6032 US-90, Milton, FL 32570
- Storage King USA — 4646 Parkmore Plaza Dr, Milton, FL 32570
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
