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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3114 Gulf Breeze Pkwy Gulf Breeze, FL 32563-5624

    • Warehouses
    • 20,500 SF
    • 4.50 lot acres
    OFF-MARKET
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3256782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 3114 Gulf Breeze Pkwy

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    4.50 lot acres
    Property size
    20,500 SF
    Zone code
    HCD
    Property type
    Warehouses
    APN
    30-2S-28-0000-01300-0000
    APU
    302S280000013000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,175,000
      Market price range: $764k - $4.07M
      AI Estimate
      $701,000
      Market price range: $580k - $1.81M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0937
    Latitude
    30.3876
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,285
    $478,128
    $469,844
    $947,972
    -
    $478,128
    $469,844
    $947,972

    Comparable in this City

    • Value Estimation
      $3,455,000
      30,755 SF

      3120 Gulf Breeze Pkwy

      MINI-WAREHOUSE, STORAGE • 30,755 SF
      3120 Gulf Breeze Pkwy, Gulf Breeze, FL 32563-5624
      View Details
    • Value Estimation
      $3,850,000
      2,800 SF

      5760 Gulf Breeze Pkwy

      WAREHOUSE, STORAGE • 2,800 SF
      5760 Gulf Breeze Pkwy, Gulf Breeze, FL 32563-9550
      View Details
    • Value Estimation
      $905,000
      15,765 SF

      1873 Cowen Rd

      WAREHOUSE, STORAGE • 15,765 SF
      1873 Cowen Rd, Gulf Breeze, FL 32563-9580
      View Details
    • Value Estimation by Request
      3,675 SF

      4182 Gulf Breeze Pkwy

      WAREHOUSE, STORAGE • 3,675 SF
      4182 Gulf Breeze Pkwy, Gulf Breeze, FL 32563-3507
      View Details
    • Value Estimation by Request
      8,446 SF

      1887 Cowen Rd

      WAREHOUSE, STORAGE • 8,446 SF
      1887 Cowen Rd, Gulf Breeze, FL 32563-9580
      View Details
    • Value Estimation by Request
      6,500 SF

      2973 Westfield Rd

      MINI-WAREHOUSE, STORAGE • 6,500 SF
      2973 Westfield Rd, Gulf Breeze, FL 32563-3133
      View Details

    Similar Nearby for Sale

    • $275,000
      0.26 Acres

      Gulf Breeze Land with Quonset

      Land with quonset building, pole barn, and storage building.
      1801 Anderson Ave, Gulf Breeze, FL 32563
      View Details
    • $3,250,000
      10.40 Acres

      Gulf Breeze Hwy 98 Development Site

      Prime 10.4-acre commercial land, high traffic.
      5480 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $1,275,000
      4,603 SF

      Gulf Breeze Medical Office Building

      Profitable 4,329 SF medical facility. Excellent location.
      1645 Nantahala Beach Rd, Gulf Breeze, FL 32563
      View Details
    • $950,000

      Commercial Land Near Car Wash

      1.28 acre commercial land for sale, highway commercial district.
      1271 Crane Cove Blvd, Gulf Breeze, FL 32563
      View Details
    • $74,000

      Waterfront Lots in Smugglers Cove

      Two adjoining homesites in a waterfront community with refined amenities.
      1796 W Smugglers Cove Dr, Gulf Breeze, FL 32563
      View Details
    • $375,000

      Waterfront Condo with Sound Views

      Fully furnished condo with recent upgrades and waterfront access.
      5539 Soundside Dr, Gulf Breeze, FL 32563
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,750 SF

      Gulf Breeze Office/Warehouse Space

      Prime Gulf Breeze location, 1750 sq ft office/warehouse.
      1565 - 1573 Nantahala Beach Rd, Gulf Breeze, FL 32563
      View Details
    • $22 SF/Yr
      2,591 SF

      Gulf Breeze Retail/Office Space

      Retail or office space with ample parking and high visibility.
      2558 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $19 SF/Yr
      10,300 SF

      Bluewater Plaza Coworking Space

      Gulf Breeze, FL: Prime Office Suite Available
      4108 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • Contact for pricing
      1,612 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a busy, established shopping center.
      1430 Tiger Park Ln, Gulf Breeze, FL 32563
      View Details
    • $14 SF/Yr
      3,295 SF

      Gulf Breeze Office/Retail Space

      Renovated office/retail space in thriving Gulf Breeze corridor.
      3073 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $1,940 /Mo
      1,225 SF

      Gulf Breeze Office/Retail Space

      High-visibility Hwy 98 location, 1225 SF.
      4100-4110 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
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    Gulf Breeze, FL 32563-5624
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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