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    Specialty properties

    8740 Ortega Park Dr, Navarre, FL 32566

    13,704 SF Built 2001
    Property ID
    Property summary
    AI-generated overview

    This Navarre, Florida commercial property, Ortega Park Plaza, presents a compelling investment opportunity. The property consists of two single-story buildings totaling 13,704 square feet, situated on a 1.28-acre lot. Classified as a Class B property, it was constructed in 2001 and features a traditional office subtype within a mixed-use (Retail, Office, Special Purpose) zoning designation. The buildings are located at 8740 Ortega Park Dr, Navarre, FL 32566, with APN numbers 21-2S-26-0000-00135-0000 and 21-2S-26-0000-00136-0000 in Santa Rosa County. Currently, there is one retail space available, measuring 1,162 square feet, with availability anticipated at the end of February 2025. The property boasts excellent visibility and high traffic counts, situated along a major arterial road (US Highway 98) experiencing approximately 46,000 vehicles daily. Its strategic location in Navarre, Florida, places it near the Navarre Bridge, beaches, shopping, and restaurants, making it an ideal location for businesses seeking high visibility and access to a desirable trade area. The property's multiple tenancy structure offers flexibility for various business needs.

    Property profile
    Verified
    Property type Specialty properties
    Year built 2001
    Total area 13,704 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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