Crestview Contractor Yard with
96 Old Milligan Road Crestview, FL 32536
For Sale
$625,000
Pending
Fenced yard, fleet storage, and warehouse space on 2.53 acres.
Property Size8,280 SF
Lot Size2.53 Acres
Days on Market136
Property Features for 96 Old Milligan Road
General Information
- Standard status
- Pending
- Size
- 8,280 SF
- Lot size
- 2.53 Acres
- Property subtype
- Commercial
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
HILLARY DRISCOLL OLDS
Source:
Corcoran
Added: Mar 12
Changed: Jul 10
Last Checked: Jul 23 at 7:38AM
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 LOKATION
Investment Insights
Based on property information with market context.
This property offers a rare opportunity to acquire a fully fenced contractor yard with fleet storage and warehouse space on approximately 2.53 acres, consisting of two parcels, in Crestview's growing commercial corridor. The property includes approximately 8,280 square feet across two buildings, featuring a large secure yard space and convenient access to Highway 90 and Interstate 10. It is ideally suited for businesses requiring equipment storage, truck parking, and operational warehouse space, such as dump truck companies, excavation and site work contractors, septic service companies, roll-off dumpster operators, utility contractors, trucking or logistics companies, heavy equipment operators, disaster restoration contractors, or construction companies needing a secure yard and service facility. The front building provides a functional office and warehouse operations base with a reception area, two offices, a breakroom, two restrooms, and warehouse storage with a 10-foot roll-up door. The rear service building includes 16-foot clear height truck bays, a covered truck port, and mezzanine storage, making it well-suited for fleet maintenance, equipment service, or contractor operations. The fully fenced yard offers extensive space for truck parking, fleet storage, dumpsters, trailers, equipment, and material staging. The property is currently leased to Waste Pro at $4,000 per month on a month-to-month lease. The tenant will vacate with 90 days notice if the buyer prefers to occupy the property. Zoned Mixed Use (MU), the site allows a wide variety of residential and commercial uses. The site participates in Florida's petroleum restoration monitoring program related to historic operations. Monitoring wells remain on site and must remain accessible but do not prevent normal site use or development of the property. Located just minutes from Highway 90 with quick access to Interstate 10, the property offers excellent regional connectivity for construction, logistics, service, and distribution businesses throughout the Florida Panhandle.
Key Highlights
- Fully fenced 2.53± acre contractor yard with 8,280 SF of building space, ideal for businesses needing secure outdoor storage.
- Excellent location with convenient access to Highway 90 and Interstate 10.
- Includes a front office/warehouse and a rear service building with 16' clear height truck bays and a covered truck port.
Financial Insights For Warehouse
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 | $69.6k | $8.40 |
| − Vacancy | −$3.3k | −$0.40 |
| EGI | $66.2k | $8.00 |
| − OpEx | −$9.9k | −$1.20 |
| NOI | $56.3k | $6.80 |
8,280 SF · lease $8.40/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$804.0K
$703.5K – $938.0K
NOI $56,281 @ 7.0% cap · market cap 9.00%
Second Best
Industrial
$612.3K
$535.7K – $714.3K
NOI $42,858 @ 7.0% cap · market cap 6.86%
Theoretical Best
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,359 @ 7.0% cap · market cap 35.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Truck terminals
FAQs
What type of property is this?
Truck terminal - Fenced yard, fleet storage, and warehouse space on 2.53 acres.
Where is this truck terminal located?
The property is located at 96 Old Milligan Road Crestview, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully fenced 2.53± acre contractor yard with **8,280 SF of building space**, ideal for businesses needing secure outdoor storage.; Excellent location with convenient access to Highway 90 and Interstate 10.; Includes a front office/warehouse and a rear service building with **16' clear height truck bays** and a covered truck port.
