Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6600 Chumuckla Hwy Pace, FL 32571

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Land, 0.73 Acres

    Lot size:
    31,799 SF

    Property Features for 6600 Chumuckla Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,799 SF

    Spaces For Lease

    at 6600 Chumuckla Hwy, Pace, FL 32571 Contact us
    Unit

    $3 /Mo

    Size
    31,799 SF
    Contact us

    We can help!

    Listing Contact
    Maria White
    Maria White

    Listing Agency: Alliance Real Estate Listing Agent: Maria White

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.73-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Santa Rosa County, Florida. Located in a thriving retail submarket, this wooded vacant lot offers unparalleled potential for diverse development projects. Envision a retail center, office complex, residential development, medical facility, or a dynamic mixed-use project. The property's strategic location boasts proximity to key amenities, including a Publix, Piggly Wiggly, Wallace Lake K-8 school, the University of West Florida, and a newly opened Starbucks. Further enhancing its appeal, a Walmart is slated to open soon just 4.3 miles away. This prime location within Santa Rosa County, a rapidly expanding community with a 2023 population of 203,162, ensures high visibility and accessibility. The single-tenant zoning provides flexibility for a variety of development plans, making this a truly exceptional opportunity for investors seeking high-growth potential in a desirable Northwest Florida location. The land is currently available for ground lease. This is a rare chance to secure a significant piece of land in a booming area with excellent infrastructure and a strong local economy. Don't miss this chance to capitalize on the growth and potential of this prime commercial property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Kitchen & Bath Showroom Food Market Garden Center Electrical Service Shopping Center & Mall Home Appliance Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.18015
    Latitude
    30.677532

    Nearby Similar for Lease

    • $17 SF/Yr
      686 SF

      Renovated Office Space For Rent

      Newly renovated office space in Pace, Florida available for rent.
      4237 Highway 90, Pace, FL 32571
      View Details
    • $15 SF/Yr
      3,782 SF

      Retail Building on Hwy 90

      Freestanding retail building for lease with high traffic volume.
      5200 Highway 90, Pace, FL 32571
      View Details
    • $3,038,800

      New Dollar General Investment Property

      New Dollar General in a high-growth Pensacola market area.
      3407 Mahogany Dr, Pace, FL 32571
      View Details
    • $1,600,000
      7,305 SF

      Retail Building on Highway 90

      6,777 SF retail building on 1.02 acres in Pace, Florida.
      4537 Us 90, Pace, FL
      View Details
    • Contact for pricing
      2,400 SF

      Pace Restaurant Space on US 90

      2,400 SF restaurant space in Pace's retail corridor.
      4909 S 90, Pace, FL 32571
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Pace, FL

      Retail space for lease in a busy shopping center.
      4208-4234 Caroline St, Pace, FL
      View Details
    • $28 SF/Yr
      4,000 SF

      Pace, FL Office Space Available

      Prime Pace location, 4,000 SF office space, NNN lease.
      5433 Chumuckla Hwy, Pace, FL 32571
      View Details
    • $4,375 /Mo
      2,500 SF

      Pace Office Building - Brand New Construction

      Modern, elegant 2,500 SF office space for lease.
      3650 Berryhill Rd, Pace, FL 32571
      View Details
    • $12 SF/Yr
      2,400 SF

      Pace Retail Space Available

      High-traffic retail space, flexible lease terms.
      4208 - 4234 Caroline St, Pace, FL 32571
      View Details
    • $30 SF/Yr
      750 SF

      Pace Hwy 90 Office Suite A

      750 SF Office/Retail Space - NNN Lease
      4728 US 90, Pace, FL 32571
      View Details
    • $10 SF/Yr
      3,000 SF

      Pace Warehouse - 3000 SF NNN Lease

      Spacious industrial warehouse, ideal for various uses.
      4288 County Rd 197A, Pace, FL 32571
      View Details
    • $30 SF/Yr
      247,032 SF

      Santa Rosa Commons Retail Space

      Pace, FL Power Center - 1,800 SF Available
      4729 Us-90, Pace, FL 32571
      View Details

    FAQs

    What type of property is this?
    Land - Prime Retail Land, 0.73 Acres
    Where is this land located?
    The property is located at 6600 Chumuckla Hwy Pace, FL.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 0.73-acre commercial land parcel in Santa Rosa County, FL.; Single-tenant land suitable for retail, office, housing, medical, or mixed-use development.; Located near Publix, Piggly Wiggly, Wallace Lake K-8 school, University of West Florida, and a new Starbucks.
    (404) 431-2602 Call to check price and availability
    Request Owner's contact information
    6600 Chumuckla Hwy Pace, FL 32571
    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.
    6600 Chumuckla Hwy
    Pace, FL 32571
    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
    6600 Chumuckla Hwy Pace, FL 32571
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maria White
    Maria White
    Real Estate License ID: 3590705
    (404) 431-2602 (850) 393-9455 (850) 889-2571
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!