Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4375 Hwy 90 Pace, FL 32571-2004

    • Warehouses
    • 5,550 SF
    • 3.81 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2021
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5565005
    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 4375 Hwy 90

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    3.81 lot acres
    Property size
    5,550 SF
    Zone code
    HCD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    15-1N-29-0000-00504-0000
    APU
    151N290000005040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $966,000
      Market price range: $192k - $966k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $890,000
      Current use
      RESTAURANT
      $1,170,000
      Change: +32% Conversion: Difficult
      MEDICAL BUILDING
      $940,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $740,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.141
    Latitude
    30.6019
    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
    $24,134
    $673,950
    $1,243,726
    $1,917,676
    -
    $673,950
    $1,243,726
    $1,917,676

    Comparable in this City

    • Value Estimation
      $585,000
      3,600 SF

      4964 Hwy 90

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      4964 Hwy 90, Pace, FL 32571-1416
      View Details
    • Value Estimation by Request
      14,016 SF

      4391 Hwy 90

      MINI-WAREHOUSE, STORAGE • 14,016 SF
      4391 Hwy 90, Pace, FL 32571-2004
      View Details
    • Value Estimation by Request
      3,400 SF

      5515 Woodbine Rd

      MINI-WAREHOUSE, STORAGE • 3,400 SF
      5515 Woodbine Rd, Pace, FL 32571-8768
      View Details
    • Value Estimation by Request
      12,000 SF

      4240 Berryhill Rd

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      4240 Berryhill Rd, Pace, FL 32571-8338
      View Details
    • Value Estimation
      $3,265,000
      19,678 SF

      4614 Woodbine Rd

      MINI-WAREHOUSE, STORAGE • 19,678 SF
      4614 Woodbine Rd, Pace, FL 32571-8717
      View Details
    • Value Estimation
      $5,125,000
      2,000 SF

      4281 Hwy 90

      MINI-WAREHOUSE, STORAGE • 2,000 SF
      4281 Hwy 90, Pace, FL 32571-2011
      View Details

    Similar Nearby for Sale

    • $875,000
      1.62 Acres

      Prime Commercial Land Opportunity

      1.62 acre commercial land with high traffic exposure.
      Woodbine Rd, Pace, FL 32571
      View Details
    • $110,000
      1.96 Acres

      Pace, FL Land Parcel

      Cleared land parcel ready for a dream home in Pace.
      3A Tidwell Rd, Pace, FL 32571
      View Details
    • $230,000
      4.11 Acres

      Pace, FL Homesite Land

      Private, gated 4.11-acre homesite near Five Points and Hwy 90.
      Crk Blf Dr, Pace, FL 32571
      View Details
    • $275,000
      4.02 Acres

      Pace, FL Land with Creek

      4.02 acre corner lot with creek access near Five Points.
      Crk Blf Dr, Pace, FL 32571
      View Details
    • $230,000
      4.46 Acres

      Pace, FL Creek Access Land

      Residential land with creek access, ideal for custom dream home.
      Brk Xing St, Pace, FL 32571
      View Details
    • $300,000
      6.15 Acres

      Pace, FL Land with Access

      Residential land with creek access, near Five Points and Hwy 90.
      Brk Xing St, Pace, FL 32571
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      3,000 SF

      Pace Warehouse - 3000 SF NNN Lease

      Spacious industrial warehouse, ideal for various uses.
      4288 County Rd 197A, Pace, FL 32571
      View Details
    • $11,500 /Mo
      8,720 SF

      Prime Milton Commercial Space

      8,720 SF Multi-Use Building Available
      5595 Chumuckla Hwy, Milton, FL 32571
      View Details
    • $65,000
      40,400 SF

      Highway 90 Pace Commercial Lot

      Prime Pace, FL commercial land: Sale or lease.
      5162 us 90, Pace, FL 32571
      View Details
    • $16 SF/Yr
      1,063 SF

      Prime Milton Office Suite Sublease

      1,063 SF Office, 1-2 Year Lease, NNN
      4628 Summerdale Dr, Milton, FL 32571
      View Details
    • $1,300 /Mo
      282 SF

      Prime Milton Office Suite

      Executive office space available in thriving location.
      5565 Woodbine Rd, Milton, FL 32571
      View Details
    • $500 /Mo
      86 SF

      Prime Milton Office Suite Available

      86 sq ft executive suite, full-service lease.
      5565 Woodbine Rd, Milton, FL 32571
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4375 Hwy 90
    Pace, FL 32571-2004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!