Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Income-Producing Fourplex Near Emerald Coast Title is generated by Realmo AI

    6904 Sea Turtle Circle, Navarre, FL 32566

    View on Map
    Claim this Listing
    For Sale
    $690,000

    Fourplex with one 3BR unit and three 2BR units.

    Type:Commercial
    Added:
    Jan 5, 2026
    Days on Market:
    148
    Last Refresh:
    Apr 4 at 8:10 pm

    Property Features for 6904 Sea Turtle Circle

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    YUNHUI ROEHRIG
    YUNHUI ROEHRIG

    Listing agent YUNHUI ROEHRIG License #3401267

    Listing office ERA AMERICAN REAL ESTATE

    Listing date Jan 5, 2026

    Source Corcoran

    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 ERA AMERICAN REAL ESTATE

    HighLights

    • Income‑producing 4‑plex
    • Near Emerald Coast beaches
    • Includes one 3BR unit and three 2BR units
    • Three units are currently tenant‑occupied
    • Located in the College De Sec area
    • Convenient access to shopping, dining, and major roadways

    Overview

    This income-producing fourplex is located near Emerald Coast beaches. The property features one 3-bedroom unit and three 2-bedroom units. Currently, three of the units are tenant-occupied. Situated in the College De Sec area, the property offers convenient access to beaches, shopping, dining, and major roadways. This presents an excellent opportunity for investors.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9358381
    Latitude
    30.4011541

    Nearby Similar for Sale

    • $550,000
      2,000 SF

      Coastal Townhome with Rental Potential

      Beachside townhome with bonus apartment, ideal for investment.
      1414 Bahia Drive, Navarre, FL 32566
      View Details
    • $750,000

      Commercial Property in Navarre, Florida

      Commercial property for sale in Navarre, Florida.
      9091 LARKER WOODS Drive, Navarre, FL 32566
      View Details
    • $650,000
      4,074 SF

      Income-Producing Fourplex Near Emerald Coast Beaches

      Navarre, FL fourplex with strong income potential near beaches.
      6904 Sea Turtle Circle, Navarre, FL 32566
      View Details
    • $850,000

      Commercial Property in Navarre, Florida

      Commercial property for sale in Navarre, Florida.
      8147 Navarre Parkway, Navarre, FL 32566
      View Details
    • $750,000

      Commercial Property in Navarre, FL

      Commercial property for sale in Navarre, Florida.
      2053 Fountain Professional Court, Navarre, FL 32566
      View Details
    • $1,500,000
      7,500 SF

      Highway 87 Commercial Property

      7,500 SF commercial property on Highway 87 for sale.
      2495 Hwy 87, Navarre, FL
      View Details
    • $2,334,563
      5,626 SF

      Navarre Parkway Retail Investment Opportunity

      Retail property with long-term lease and high visibility.
      6863 Navarre Pkwy, Navarre, FL
      View Details
    • $625,000
      3,384 SF

      3,384 SF Commercial Unit Multi Use/ Various Income Sources For Sale

      3,384 SF multi-use commercial property in a high-traffic area.
      7552 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $675,000
      1,944 SF

      1,944 SF Hwy. 87 Bldg. For Sale (Office/Retail)

      Freestanding 1,944 SF building on Highway 87 in Navarre, Florida.
      8400 Racing Ln, Navarre, FL 32566
      View Details
    • $999,000

      Navarre Beach Commercial Building ForSale

      Commercial building with road frontage, inventory, and business included.
      8460 GULF BLVD, Navarre, FL
      View Details
    • $4,490,000
      13,716 SF

      13,716 SF Navarre Waterfront Restaurant For Sale

      Exceptional 13,716 SF restaurant complex on 1.14+ acres in Navarre, FL.
      8465 Navarre Pkwy, Navarre, FL 32566
      View Details
    • $575,000

      Navarre Automotive Shop For Sale

      3,200 SF metal building suitable for automotive or retail use.
      8554 Turkey Bluff Road, Navarre, FL 32566
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex with one 3BR unit and three 2BR units.
    Where is this quadplex located?
    The property is located at 6904 Sea Turtle Circle Navarre, FL.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: Income‑producing 4‑plex; Near Emerald Coast beaches; Includes one 3BR unit and three 2BR units
    (850) 651-2454
    We can help!
    Listing Contact
    YUNHUI ROEHRIG
    YUNHUI ROEHRIG
    Real Estate License ID: 3401267
    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

    Thank You for Inquiry
    6904 Sea Turtle Circle, Navarre, FL 32566
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!