Retail Space on Corner Lot with
For Sale
$649,900
6705 Berryhill Street, Milton, FL 32570
COMMERCIAL - Milton, FL
Property Size2,496 SF
Lot Size0.54 Acres
Price / SF$260.38
Days on Market1379
Property Features for 6705 Berryhill Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
High school district
000000
Standard status
Active
Lot size
0.54 Acres
Amenities
covered patio
covered porch
Building Details
Year built
1925
Listing Agency:
BUY A HOME REALTY
(850) 564-8611
Listed By:
Phillip Palmer
Added: Nov 21, 2022
Changed: Aug 4
Last Checked: Aug 31 at 3:06PM
MLS# 11116739
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 retail space on a four-corner lot is zoned C-1 and includes a historic home currently operating as an antique store, real estate office, and U-Haul distributor location. The main house contains 1,776 square feet, with an additional 720 square feet in a separate building for a total of 2,496 square feet. The property also features a billboard sign rental.
The home was built in 1925 and sits on 0.54 of an acre with 180 feet on Stewart Street, 151 feet on Berryhill Street, 151 feet on Bruner Street, and 144 feet on Rose Street. It has a covered patio and covered porch, including 908 square feet of covered patio and 582 square feet of covered porch. All measurements are to be determined by survey.
The property is being sold as-is. A broker/owner appointment is required to view the property.
The home was built in 1925 and sits on 0.54 of an acre with 180 feet on Stewart Street, 151 feet on Berryhill Street, 151 feet on Bruner Street, and 144 feet on Rose Street. It has a covered patio and covered porch, including 908 square feet of covered patio and 582 square feet of covered porch. All measurements are to be determined by survey.
The property is being sold as-is. A broker/owner appointment is required to view the property.
Key Highlights
- Zoned C‑1 retail property with billboard sign rental
- 4 street corners on a 0.54‑acre lot
- Total 2,496 SF across main house (1,776 SF) and additional building (720 SF)
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
$26,858
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
4.13%
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%
$537,160
$537.2K
Cap Rate 7%
$383,686
$383.7K
Cap Rate 9%
$298,422
$298.4K
Market Conditions
NOI Build-Up for 2,496 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
$41.9K $16.80/SF
− Vacancy
−$3.6K −$1.43/SF
EGI
$38.4K $15.37/SF
− OpEx
−$11.5K −$4.61/SF
NOI
$26.9K $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%
$537,160
Cap Rate 7%
$383,686
Cap Rate 9%
$298,422
Alternative Uses
Best Use
Retail
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.6K
$537.8K – $717.1K
NOI $43,023 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 25%
Home Improvements & Furnishings 10%
Texas Roadhouse
Dining
32,149 visits/mo
0.5 miles
Whataburger
Dining
30,594 visits/mo
0.2 miles
Circle K
Shops & Services
19,585 visits/mo
0.5 miles
Hall's Hardware
Home Improvements & Furnishings
15,112 visits/mo
0.5 miles
Burger King
Dining
15,032 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Retail space - Zoned C-1 corner property operating as an antique store, real estate office, and U-Haul distributor location.
Where is this retail space located?
The property is located at 6705 Berryhill Street Milton, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Zoned C‑1 retail property with billboard sign rental; 4 street corners on a 0.54‑acre lot; Total 2,496 SF across main house (1,776 SF) and additional building (720 SF)
