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$240.38
Days on Market1423
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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
Listed By:
Phillip Palmer
(850) 293-1894
Source:
Crexi
Added: Nov 22, 2022
Changed: Oct 3
Last Checked: Oct 14 at 10:51PM
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 / Yr
$29,473
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
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
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 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 4.91%
Second Best
Retail
$383.7K
$335.7K – $447.6K
NOI $26,858 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$614.6K
$537.8K – $717.1K
NOI $43,023 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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 $600,000.
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.
