Corner Mixed-Use Commercial
For Sale
$790,000
913 Gulf Breeze Parkway, Gulf Breeze, FL 32561
Commercial for Sale, Gulf Breeze, FL
Property Size3,200 SF
Lot Size0.04 Acres
Price / SF$246.88
Days on Market25
Property Features for 913 Gulf Breeze Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Highway 98, headed to Pensacola, Harbourtown will be on the left side of 98. The complex is at the end of the parking lot - the corner unit.
Subdivision
11 - Navarre/Gulf Breeze
Standard status
Active
APN
04-3S-29-1656-00000-0010
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
Harbourtown Lot 1 As Des In Or 3735 Pg 686
Legal Description
Harbourtown Lot 1 As Des In Or 3735 Pg 686
Listing Agency:
Keller Williams Realty Gulf Coast
(850) 916-5800
Listed By:
Travis Talley · License #3292694
(850) 490-1519
Added: Aug 18
Changed: Sep 11
Last Checked: Sep 11 at 9:06PM
MLS# 1010073
Copyright © 2026 Emerald Coast Association of Realtors. 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 approximately 3,200-square-foot commercial property in Harbourtown is divided into two separate spaces of approximately 1,600 square feet each. The upper suite provides an updated workspace with tile flooring, high ceilings, exposed beams, shiplap detailing, a reception area, kitchenette, glass-enclosed conference room, additional work area, storage, restroom, and a full-size shower. A covered exterior deck provides access to the reception area.
The lower suite is arranged as a showroom with an open floor plan, track lighting, multiple storage closets, rear storage, kitchenette, bathroom, and a prominent display window. The corner position offers access to one of the complex’s largest parking areas. Harbourtown includes retail, beauty, service, and professional businesses. A brand-new roof was installed in 2026. The property is located at 913 Gulf Breeze Parkway in Gulf Breeze, Florida.
The lower suite is arranged as a showroom with an open floor plan, track lighting, multiple storage closets, rear storage, kitchenette, bathroom, and a prominent display window. The corner position offers access to one of the complex’s largest parking areas. Harbourtown includes retail, beauty, service, and professional businesses. A brand-new roof was installed in 2026. The property is located at 913 Gulf Breeze Parkway in Gulf Breeze, Florida.
Key Highlights
- Approximately 3,200 square feet divided into two spaces of approximately 1,600 square feet each
- Corner position within Harbourtown with access to one of the complex’s largest parking areas
- Updated upper workspace with conference room, kitchenette, covered deck, storage, restroom, and full‑size shower
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
$37,786
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
4.78%
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%
$755,720
$755.7K
Cap Rate 7%
$539,800
$539.8K
Cap Rate 9%
$419,844
$419.8K
Market Conditions
NOI Build-Up for 3,200 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
$61.4K $19.20/SF
− Vacancy
−$11.1K −$3.46/SF
EGI
$50.4K $15.74/SF
− OpEx
−$12.6K −$3.94/SF
NOI
$37.8K $11.81/SF
Area
Santa Rosa County, FL
Vacancy
18.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$755,720
Cap Rate 7%
$539,800
Cap Rate 9%
$419,844
Alternative Uses
Best Use
Office B
$539.8K
$472.3K – $629.8K
NOI $37,786 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$491.9K
$430.4K – $573.9K
NOI $34,433 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$788.0K
$689.5K – $919.3K
NOI $55,158 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 32561, FL
9,241
Population
6,591
Households
1.4
Avg Household Size
51
Median Age
60%
College-Educated
96%
High-School Grad
12.0 sq mi
ZIP Area
770
Density / Sq Mi
$119,042
Median Household Income
$65,417
Median Earnings
$1,535
Median Rent
$576,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two distinct commercial suites combine updated workspace, showroom functionality, storage, and customer-facing display space.
Where is this mixed-use property located?
The property is located at 913 Gulf Breeze Parkway Gulf Breeze, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Approximately 3,200 square feet divided into two spaces of approximately 1,600 square feet each; Corner position within Harbourtown with access to one of the complex’s largest parking areas; Updated upper workspace with conference room, kitchenette, covered deck, storage, restroom, and full‑size shower
