Renovated Retail
95 John Sims Pkwy E Niceville, FL 32578
For Sale
Contact for pricing
Renovated 6,774 SF retail building with great visibility, built in 1956, and zoned Mixed Use.
Property Size6,774 SF
Price / SF$205.93
Days on Market319
Property Features for 95 John Sims Pkwy E
General Information
Standard status
Active
Size
6,774 SF
Property subtype
RETAIL
Listing Agency:
Prime Realty
(904) 373-0578
Listed By:
Tyler Saldutti
Source:
Moodyscre
Added: Sep 15, 2025
Changed: Jul 27
Last Checked: Jul 29 at 1:34PM
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 Prime Realty
Investment Insights
Based on property information with market context.
This for-sale retail building contains 6,774 square feet and was built in 1956, with renovations completed in 2020. The property is positioned for visibility, supporting storefront-oriented retail use under its existing Mixed Use zoning designation.
The offering is located in the Niceville area along John Sims Pkwy E. The seller’s remarks emphasize visibility, and the Mixed Use zoning provides flexibility for future mixed-use applications consistent with the zoning district.
The building presents as a renovated retail asset suited for buyers seeking a visible neighborhood retail facility within a Mixed Use zoning framework.
The offering is located in the Niceville area along John Sims Pkwy E. The seller’s remarks emphasize visibility, and the Mixed Use zoning provides flexibility for future mixed-use applications consistent with the zoning district.
The building presents as a renovated retail asset suited for buyers seeking a visible neighborhood retail facility within a Mixed Use zoning framework.
Key Highlights
- 6,774 SF retail building
- Built in 1956 and renovated in 2020
- Zoned Mixed Use
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.4k | $22.20 |
| − Vacancy | −$11.3k | −$1.67 |
| EGI | $139.1k | $20.54 |
| − OpEx | −$41.7k | −$6.16 |
| NOI | $97.4k | $14.37 |
6,774 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.05M
NOI $182,733 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Renovated 6,774 SF retail building with great visibility, built in 1956, and zoned Mixed Use.
Where is this retail space located?
The property is located at 95 John Sims Pkwy E Niceville, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 6,774 SF retail building; Built in 1956 and renovated in 2020; Zoned Mixed Use
