Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6510 Caroline St Milton, FL 32570

    View on Map
    Picture of Other retail properties at 6510 Caroline St, Milton, FL
    For Lease
    $14 SF/Yr

    3,360 SF Retail For Lease - Six Flags Shopping Center

    Added:
    Mar 6, 2025
    Days on Market:
    411
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 6510 Caroline St

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Shopping centers, Retail properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Rate Type
    Yearly

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 6, 2025

    Overview

    Retail Space in Six Flags Center

    Located within the Six Flags Shopping Center in Milton, Florida, this 3,360 square foot retail space is positioned at 6510 Caroline Street. The property benefits from a high-traffic location at the intersection of Highway 90 (Caroline Street) and Dogwood Drive, with a daily traffic volume exceeding 30,000 vehicles. The shopping center provides excellent visibility and ample parking. This NNN lease opportunity is available at a yearly rate of $14 per square foot. The shopping center is anchored by national retailers, including Food Outlet Grocery Store, Harbor Freight Tools, Planet Fitness, and Bealls Outlet. Other tenants include Petsense, VIP Care, Hungry Howie's, and Metro PCS. This space is suitable for various retail businesses seeking a high-visibility location within a thriving shopping center environment. The overall center encompasses 166,179 square feet. The property offers excellent visibility from both Caroline Street and Dogwood Drive, maximizing exposure to potential customers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    VIPcare Milton Physician Elias Banuelos Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.051755
    Latitude
    30.619122

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Pensacola Center

      Retail space ideal for service, retail, or office users.
      5941 Berryhill Road, Milton, FL 32570
      View Details
    • Contact for pricing

      FL, Milton - Opportunity Dr

      8100 Opportunity Dr, Unit STE A 32583, Milton, FL 32583
      View Details
    • Contact for pricing

      Historical Office/Retail in Downtown Milton

      Freestanding, well-maintained office/retail space in historic downtown Milton.
      6849 Oak St, Milton, FL
      View Details
    • $12/mo

      Historic Downtown Milton Retail Space

      Freestanding retail space in historic downtown Milton for rent.
      5118 Canal Street, Milton, FL
      View Details
    • $1.00/mo

      Pace Medical Park Suites

      Medical suites available for lease in Pace Medical Park.
      3754 Hwy 90, Milton, FL
      View Details
    • $9/mo

      Retail Space in High-Traffic Location

      Endcap retail unit with excellent visibility in Milton, Florida.
      Caroline St, Milton, FL
      View Details
    • Contact for pricing

      Retail Space in Berryhill Plaza

      Retail spaces for lease with high visibility and ample parking.
      5941 Berryhill Road, Milton, FL 32570
      View Details
    • $12/mo

      Milton Warehouse Space with Drive-in Bays

      2,500 SF warehouse space with two drive-in bays for lease.
      3996 Avalon Blvd, Milton, FL 32583
      View Details
    • $12/mo

      Retail Space in Dogwood Center

      10,395 SF end cap unit available for lease.
      5141 Dogwood Dr, Milton, FL
      View Details
    • Contact for pricing

      115 - 123 SF Individual Offices Available for Lease (8 Units Available)

      Individual office suites in Milton, FL, near major highways.
      6460 Justice Ave, Milton, FL 32570
      View Details
    • Contact for pricing

      104 SF Executive Office Suites For Lease (Floor D, Suite 5565-D)

      104 sq ft office suite in prime Milton location.
      5565 Woodbine Rd, Milton, FL 32571
      View Details
    • Contact for pricing

      144 SF Executive Office Suites For Lease (Floor C, Suite 5565-C)

      Executive office suite in a high-traffic, growing Milton, Florida location.
      5565 Woodbine Rd, , FL, Milton, FL 32571
      View Details

    FAQs

    What type of property is this?
    Other retail property - 3,360 SF Retail For Lease - Six Flags Shopping Center
    Where is this other retail property located?
    The property is located at 6510 Caroline St Milton, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    (850) 477-7044
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!