Commercial Property on Four
For Sale
Contact for pricing
6705 Berryhill Street, Milton, FL 32570
Prime commercial property with multiple potential uses and high visibility.
Property Size2,496 SF
Lot Size0.54 Acres
Price / SF$260.38
Days on Market1378
Property Features for 6705 Berryhill Street
General Information
Standard status
Active
Size
2,496 SF
Lot size
0.54 Acres
Property subtype
Land
Listing Agency:
BUY A HOME REALTY
(850) 293-1894
Listed By:
Phillip Palmer
Source:
Crexi
Added: Nov 22, 2022
Changed: Aug 16
Last Checked: Aug 28 at 11:51AM
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 BUY A HOME REALTY
Investment Insights
Based on property information with market context.
This commercial property, zoned C-1, is currently operating as an antique store, real estate office, and U-Haul distributor. The property offers multiple potential uses and includes a billboard sign rental. The main house features 1776 square feet, with an additional 720 square feet in a separate building, totaling 2496 square feet. Situated on 0.54 acres, the property has frontage on four streets: 180 feet on Stewart Street, 151 feet on Berryhill Street, 151 feet on Bruner Street, and 144 feet on Rose Street. The property also includes 908 square feet of covered patio and 582 square feet of covered porch. The property is being sold as-is.
Key Highlights
- Prime commercial property with C‑1 zoning, offering many possible uses.
- Located on .54 acres with significant frontage on four streets (Stewart, Berryhill, Bruner, and Rose) and 4 street corners.
- Billboard sign rental for additional income.
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
$29,473
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
4.54%
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%
$589,460
$589.5K
Cap Rate 7%
$421,043
$421.0K
Cap Rate 9%
$327,478
$327.5K
Market Conditions
NOI Build-Up for 2,496 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
$47.9K $19.20/SF
− Vacancy
−$8.6K −$3.46/SF
EGI
$39.3K $15.74/SF
− OpEx
−$9.8K −$3.94/SF
NOI
$29.5K $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%
$589,460
Cap Rate 7%
$421,043
Cap Rate 9%
$327,478
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,473 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$614.6K
$537.8K – $717.1K
NOI $43,023 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32570, FL
33,144
Population
15,387
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
301.1 sq mi
ZIP Area
110
Density / Sq Mi
$73,615
Median Household Income
$38,394
Median Earnings
$1,233
Median Rent
$240,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Open Rose Flowers & Gifts — 6434 Open Rose Dr, Milton, FL 32570
- The Purple Tulip Florist Inc. — 5418 Stewart St, Milton, FL 32570
Frequently Asked Questions
What type of property is this?
Storefront property - Prime commercial property with multiple potential uses and high visibility.
Where is this storefront property located?
The property is located at 6705 Berryhill Street Milton, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Prime commercial property with C‑1 zoning, offering many possible uses.; Located on .54 acres with significant frontage on four streets (Stewart, Berryhill, Bruner, and Rose) and 4 street corners.; Billboard sign rental for additional income.
