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    8740 Ortega Park Dr Navarre, FL 32566

    Sponsored
    For Lease
    $18 SF/Yr

    Navarre office building, prime location, high visibility.

    Lot size:
    13,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Navarre, Florida commercial property, Ortega Park Plaza, presents a compelling investment opportunity. The property consists of two single-story buildings totaling 13,704 square feet, situated on a 1.28-acre lot. Classified as a Class B property, it was constructed in 2001 and features a traditional office subtype within a mixed-use (Retail, Office, Special Purpose) zoning designation. The buildings are located at 8740 Ortega Park Dr, Navarre, FL 32566, with APN numbers 21-2S-26-0000-00135-0000 and 21-2S-26-0000-00136-0000 in Santa Rosa County. Currently, there is one retail space available, measuring 1,162 square feet, with availability anticipated at the end of February 2025. The property boasts excellent visibility and high traffic counts, situated along a major arterial road (US Highway 98) experiencing approximately 46,000 vehicles daily. Its strategic location in Navarre, Florida, places it near the Navarre Bridge, beaches, shopping, and restaurants, making it an ideal location for businesses seeking high visibility and access to a desirable trade area. The property's multiple tenancy structure offers flexibility for various business needs.

    Property Features for 8740 Ortega Park Dr

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,704 SF
    Class
    B
    Total Rate
    21412.5

    Building Details

    Year Built
    2001
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    8740
    Size
    1,162 SF
    Rate per SF
    $18

    HighLights

    • 1,162 SF retail space available February 2025.
    • Located on US Highway 98, experiencing 46,000 vehicles daily, offering high visibility.
    • Situated near Navarre Beach, shopping, and restaurants in a high‑traffic area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Navarre
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.857401965381
    Latitude
    30.403532399496

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    FAQs

    What type of property is this?
    Specialty property - Navarre office building, prime location, high visibility.
    Where is this specialty property located?
    The property is located at 8740 Ortega Park Dr Navarre, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 1,162 SF retail space available February 2025.; Located on US Highway 98, experiencing 46,000 vehicles daily, offering high visibility.; Situated near Navarre Beach, shopping, and restaurants in a high-traffic area.
    Request Owner's contact information
    8740 Ortega Park Dr Navarre, FL 32566
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    Realmo Value Estimation

    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.

    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.

    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
    8740 Ortega Park Dr Navarre, FL 32566
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