Freestanding Storefront
New
For Sale
Contact for pricing
7060 Hwy 90, Milton, FL 32583
HCD-zoned site with open interior areas, private offices, and a covered patio enclosed by fencing.
Property Size9,488 SF
Lot Size1.47 Acres
Price / SF$231.87
Days on Market2
Property Features for 7060 Hwy 90
General Information
Standard status
Active
Size
9,488 SF
Lot size
1.47 Acres
Property subtype
RETAIL
Zoning
HCD
Site & Location
Corner Location
Yes
Traffic Count
24,500 vehicles/day
Amenities
large open rooms
dedicated private offices
fenced in covered front patio
Listing Agency:
Bellcore Commercial LLC
(850) 434-3434
Listed By:
Melissa Glyptis Simpson, CCIM · License ##BK3338591
(919) 402-3295
Source:
Moodyscre
Added: Sep 1
Last Checked: Sep 1 at 10:11PM
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 Bellcore Commercial LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 9,488 square feet on 1.467 acres in Santa Rosa County. The building offers 12.4-foot ceiling heights, expansive open rooms, dedicated private offices, and a covered front patio enclosed by fencing. The HCD zoning designation is also supported by a corner-oriented site configuration along US Hwy 90.
Access features include a median opening at Johnson and a dedicated turn lane. FDOT reports 24,500 AADT, while the property is 3.5 miles from Hwy 87, 3 miles from I-10, and less than 0.5 miles from Historic Downtown Milton. The site occupies corners at Johnson and Bayou, providing multiple points of roadway orientation.
Access features include a median opening at Johnson and a dedicated turn lane. FDOT reports 24,500 AADT, while the property is 3.5 miles from Hwy 87, 3 miles from I-10, and less than 0.5 miles from Historic Downtown Milton. The site occupies corners at Johnson and Bayou, providing multiple points of roadway orientation.
Key Highlights
- 9,488‑square‑foot freestanding storefront on 1.467 acres
- HCD zoning in Santa Rosa County
- Frontage along US Hwy 90 with corners at Johnson and Bayou
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
$102,095
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
4.64%
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%
$2,041,900
$2.0M
Cap Rate 7%
$1,458,500
$1.5M
Cap Rate 9%
$1,134,389
$1.1M
Market Conditions
NOI Build-Up for 9,488 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
$159.4K $16.80/SF
− Vacancy
−$13.5K −$1.43/SF
EGI
$145.8K $15.37/SF
− OpEx
−$43.8K −$4.61/SF
NOI
$102.1K $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%
$2,041,900
Cap Rate 7%
$1,458,500
Cap Rate 9%
$1,134,389
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,095 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,543 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32583, FL
31,047
Population
11,169
Households
2.8
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
125.1 sq mi
ZIP Area
248
Density / Sq Mi
$84,957
Median Household Income
$42,193
Median Earnings
$1,307
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Purple Tulip Florist Inc. — 5418 Stewart St, Milton, FL 32570
Frequently Asked Questions
What type of property is this?
Storefront property - HCD-zoned site with open interior areas, private offices, and a covered patio enclosed by fencing.
Where is this storefront property located?
The property is located at 7060 Hwy 90 Milton, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 9,488‑square‑foot freestanding storefront on 1.467 acres; HCD zoning in Santa Rosa County; Frontage along US Hwy 90 with corners at Johnson and Bayou
