Remodeled Downtown Storefront
For Sale
$249,900
6682 Ravine St, Milton, FL 32570
COMMERCIAL - Milton, FL
Property Size936 SF
Lot Size0.16 Acres
Price / SF$266.99
Days on Market23
Property Features for 6682 Ravine St
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
High school district
000000
Directions
Listing agent can provide
Standard status
Active
APN
03-1N-28-2530-08900-0113
Size
936 SF
Lot size
0.16 Acres
Listing Agency:
National Land Realty, Gulf Coast
(855) 657-5263
Listed By:
Bo English · License #11089
855-NLR-LAND
Added: Jul 16
Changed: Aug 7
Last Checked: Aug 7 at 9:06AM
MLS# 11922192
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 936-square-foot storefront property dates to 1910 and has undergone extensive renovation. Interior improvements include hardwood flooring, tiled wet areas, a kitchen with granite countertops, and a Viking gas range. Updated systems and finishes include wiring, windows, blinds, ceiling fans, switches, a tankless water heater, and smoke detectors. Exterior work encompasses the roof, siding, cedar trim, covered front porch, and one-car carport.
The property occupies 0.16 acres on Ravine St in downtown Milton, within walking distance of local shops and restaurants. It carries C-1 Neighborhood Retail Commercial zoning, while the City of Milton Planning and Zoning Department indicates residential use may also be permitted.
The property occupies 0.16 acres on Ravine St in downtown Milton, within walking distance of local shops and restaurants. It carries C-1 Neighborhood Retail Commercial zoning, while the City of Milton Planning and Zoning Department indicates residential use may also be permitted.
Key Highlights
- 936 square feet on 0.16 acres
- 1910 construction with extensive interior and exterior renovations
- C‑1 "Neighborhood Retail Commercial" zoning
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
$10,072
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
4.03%
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%
$201,440
$201.4K
Cap Rate 7%
$143,886
$143.9K
Cap Rate 9%
$111,911
$111.9K
Market Conditions
NOI Build-Up for 936 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
$15.7K $16.80/SF
− Vacancy
−$1.3K −$1.43/SF
EGI
$14.4K $15.37/SF
− OpEx
−$4.3K −$4.61/SF
NOI
$10.1K $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 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%
$201,440
Cap Rate 7%
$143,886
Cap Rate 9%
$111,911
Alternative Uses
Best Use
Retail
$143.9K
$125.9K – $167.9K
NOI $10,072 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.5K
$201.7K – $268.9K
NOI $16,134 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
93k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Whataburger
Dining
30,594 visits/mo
0.1 miles
Circle K
Shops & Services
19,585 visits/mo
0.3 miles
Burger King
Dining
15,032 visits/mo
0.5 miles
Arby's
Dining
11,173 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,740 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
Questions? Ask Rey
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Similar Off Market Nearby
- The Purple Tulip Florist Inc. — 5418 Stewart St, Milton, FL 32570
- The Open Rose Flowers & Gifts — 6434 Open Rose Dr, Milton, FL 32570
Frequently Asked Questions
What type of property is this?
Storefront property - Historic character and extensive modern updates support retail or residential use.
Where is this storefront property located?
The property is located at 6682 Ravine St Milton, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 936 square feet on 0.16 acres; 1910 construction with extensive interior and exterior renovations; C‑1 "Neighborhood Retail Commercial" zoning
