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    6209 Us-90 Milton, FL 32570

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    For Lease
    Contact for pricing

    Prime Milton Retail, High Traffic

    Lot size:
    159,093 SF

    Property Features for 6209 Us-90

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    159,093 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1986/2025

    Spaces For Lease

    at 6209 Us-90, Milton, FL 32570 Contact us

    We can help!

    Listing Contact
    Tom Watson
    Tom Watson

    Listing Agency: CBRE | Jacksonville Listing Agent: Tom Watson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Parkmore Plaza, located at 6209 US-90 in Milton, Florida 32570, offers 159,093 square feet of Class A retail space in a thriving market. This multi-tenant strip center and outparcel boasts excellent visibility and accessibility on Highway 90, a major commercial corridor with nearly 40,000 average daily vehicles. The property, built in 1986 and extensively renovated in 2025, features 941 parking spaces and is zoned HCD. Multiple suites are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 90,425 square feet. Currently, 4,800 square feet are vacant, divided into four individual suites (Suites 5, 8, 11, and 12), each measuring 1,200 square feet. Parkmore Plaza benefits from its proximity to the University of Florida Milton Campus and Pensacola State College Milton Campus, as well as strong surrounding retail including Walmart, Publix, Target, Home Depot, Lowe's, TJ Maxx, Ross, and PetSmart. This location provides exceptional access to Milton's residential neighborhoods and community services, making it an ideal investment opportunity in a high-growth area. The property's strategic location and recent renovations ensure strong potential for sustained success.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0630566
    Latitude
    30.6052762

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Milton Retail, High Traffic
    Where is this neighborhood center located?
    The property is located at 6209 Us-90 Milton, FL.
    What are key features of this property?
    This property features: 159,093 SF shopping center; $20.00/SF NNN lease rate; New Walmart Neighborhood Market under construction
    (850) 527-3524 Call to check price and availability
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    6209 Us-90 Milton, FL 32570
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    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
    6209 Us-90 Milton, FL 32570
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    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Watson
    Tom Watson
    Real Estate License ID: 3231614
    (850) 527-3524 (904) 634-1200
    Learn more
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