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Building Details

Buildings 1

Listing Agency: Neal & Company, LLC Show Phone

Listed By: Robert "Beau" Vignes Show Phone

Source: Moodyscre

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:00AM

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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 Neal & Company, LLC

Investment Insights

Based on property information with market context.

This 5,550-square-foot freestanding retail property has an expansive open layout with high ceilings. Improvements include a separate food-preparation area with multiple sinks and no hood, four ADA-compliant restrooms, and a 10' x 10' ground-level roll-up door. The space is identified as suitable for retail, conditioned industrial, church, daycare, gym, meeting, entertainment, or community center uses, subject to applicable requirements. The property is zoned C-2.

The building fronts Highway 90, where exposure is approximately 43,500 vehicles per day. Walmart Neighborhood Market is directly across the highway. Access is available from Highway 281, Glover Lane, and Dogwood Drive, with Milton and surrounding markets noted as accessible from the site.

Key Highlights

• 5,550‑square‑foot freestanding retail property
• C‑2 zoning
• Open interior with high ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,720

Cap Rate

7.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,194,400 $1.2M

Cap Rate 7%

$853,143 $853.1K

Cap Rate 9%

$663,556 $663.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,550 SF

Gross rent

$93.2K $16.80/SF

− Vacancy

−$7.9K −$1.43/SF

EGI

$85.3K $15.37/SF

− OpEx

−$25.6K −$4.61/SF

NOI

$59.7K $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 Rate 5%

$1,194,400

Cap Rate 7%

$853,143

Cap Rate 9%

$663,556

Alternative Uses

Best Use

Retail

$853.1K

$746.5K – $995.3K (±1% cap)

NOI $59,720 @ 7.0% cap · market cap 7.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.37M

$1.20M – $1.59M (±1% cap)

NOI $95,664 @ 7.0% cap · market cap 11.81%

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

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Hair Salon Kitchen & Bath Showroom Grocery & Convenience Store Parking Lot & Garage Plumbing Service Garden Center

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

Lease Details

43,500 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

313

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 38% Dining 38% Superstores 24%

Big Lots Superstores

20,870 visits/mo 0.2 miles

Taco Bell Dining

15,546 visits/mo 0.1 miles

SONIC Drive In Dining

14,066 visits/mo 0.2 miles

Raceway Shops & Services

11,559 visits/mo 0.3 miles

Dollar General Shops & Services

7,512 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An open, high-ceiling interior and C-2 zoning support a range of commercial configurations.

Where is this retail space located?

The property is located at 6208 Highway 90 Milton, FL.

What is the asking price?

The asking price for this property is $810,000.

What are key features of this property?

This property features: 5,550‑square‑foot freestanding retail property; C‑2 zoning; Open interior with high ceilings