4640 Parkmore Plaza Dr Milton, FL 32570
This exceptional 10.45-acre property boasts prime commercial real estate potential in Milton, Florida. Strategically located with 49 feet of frontage on Highway 90, offering unparalleled visibility and accessibility. The property also features 782 feet of frontage on Parkmore Plaza Drive and 280 feet on Old Bagdad Highway, providing ample space for development. The site includes a fully leased 9,600 square foot office building, generating consistent rental income. Additionally, a 1,519 square foot residential home is situated on the property. The land is zoned HCD (Highway Commercial District), allowing for a wide range of commercial uses. This versatile property presents a unique opportunity for investors seeking high-impact development in a rapidly growing area. The fee simple ownership provides complete control and flexibility for future projects. The Santa Rosa County location, with its convenient access to Highway 90 and surrounding infrastructure, makes this an attractive investment opportunity. The property's APN is 08-1N-28-0000-04700-0000. The asking price is $2,600,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.