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    4551 Woodbine Road Pace, FL 32571
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    Property profile & analytics

    4551 Woodbine Road Pace, FL 32571

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    • Outlet malls
    • 10,767 SF
    • 2.23 lot acres
    For Sale
    $871,500
    View Listing →
    2.49 AC Land For Sale For Sale
    $871,500
    108,464 SF

    2.49 AC Land For Sale

    2.49 AC land for sale surrounded by 1,000's of current and new Construction homes

    4551 Woodbine Road, Pace, FL 32571
    View Listing
    Property ID
    US18-2062128
    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.
    Value Estimations
    Cap Rate Potential
    8%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 4551 Woodbine Road

    Lot size
    2.23 lot acres
    Property size
    10,767 SF
    Zone code
    HCD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    18-1N-29-0000-00206-0000
    APU
    181N290000002060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,440,000
      ML approach
      $1,565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,780,000
      7%
      $1,655,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,270,000
      MEDICAL BUILDING
      $1,825,000
      WAREHOUSE, STORAGE
      $1,725,000
      COMMERCIAL (GENERAL)
      $1,435,000
      OFFICE BUILDING
      $1,360,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pace
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1833
    Latitude
    30.6025
    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
    $4,413
    $336,980
    $0.00
    $336,980
    -
    $336,980
    $0.00
    $336,980

    Comparable in this City

    • Value Estimation
      $765,000
      15,583 SF

      4325 Woodbine Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,583 SF
      4325 Woodbine Rd, Pace, FL 32571-8792
      View Details
    • Value Estimation
      $1,205,000
      9,301 SF

      9046 Chumuckla Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,301 SF
      9046 Chumuckla Hwy, Pace, FL 32571-9244
      View Details
    • Value Estimation
      $910,000
      10,180 SF

      4439 Hwy 90

      WHOLESALE OUTLET, DISCOUNT STORE • 10,180 SF
      4439 Hwy 90, Pace, FL 32571-2066
      View Details
    • Value Estimation
      $935,000
      10,425 SF

      3704 Berryhill Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,425 SF
      3704 Berryhill Rd, Pace, FL 32571-8312
      View Details
    • Value Estimation
      $2,525,000
      54,779 SF

      4019 Hwy 90

      MINI-MALL • 54,779 SF
      4019 Hwy 90, Pace, FL 32571-1917
      View Details
    • Value Estimation
      $22,675,000
      130,379 SF

      4729 Hwy 90

      MINI-MALL • 130,379 SF
      4729 Hwy 90, Pace, FL 32571-1403
      View Details

    Similar Nearby for Sale

    • $4,250,000
      26,250 SF

      Retail Plaza in Growing Pace

      Retail plaza with stable income in rapidly growing Pace, Florida.
      4843-4873 W Spencer Field Rd, Milton, FL 32571
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    • $4,250,000

      Retail Center in Pace, Florida

      NNN leased retail center with high visibility and growth potential.
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    • $5,240,000
      25,700 SF

      Pace, FL Neighborhood Center

      25,700 SF neighborhood center in Pace, Florida.
      5624 Woodbine Rd, Pace, FL 32571
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    • Contact for pricing
      8,861 SF

      Prime Retail Pad Site Available

      Pad site ready for retail/restaurant with drive-through potential.
      4612 Us-90, Pace, FL 32571
      View Details
    • $849,000

      Prime Retail/Office/Restaurant Pad Site

      Ready-to-build pad site in a high-traffic retail area.
      4612 Highway 90, Pace, FL 32571
      View Details
    • Contact for pricing

      US-90 Frontage Property For Sale

      Property with US-90 frontage available for sale in Milton, FL.
      Pace Ln, Milton, FL 32571
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,320 SF

      Prime Pace, FL Retail Space

      1320 SF Retail Suite - Highway 90
      5070 Highway 90, Milton, FL 32571
      View Details
    • Contact for pricing

      Retail Center on Highway 90

      Well-maintained retail center with high visibility and strong tenant mix.
      4357 5Th Ave, Milton, FL 32571
      View Details
    • Contact for pricing

      Dominant Retail Center in Pace

      Retail spaces for lease in a dominant shopping center.
      4729 Us-90, Pace, FL 32571
      View Details
    • $18 SF/Yr
      1,250 SF

      Prime Milton Retail Space

      High-traffic Hwy 90 location, remodeled unit.
      4430 US 90, Milton, 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
    • $12 SF/Yr
      2,400 SF

      Pace Retail Space Available

      High-traffic retail space, flexible lease terms.
      4208 - 4234 Caroline St, Pace, FL 32571
      View Details
    View Listing
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    Pace, FL 32571
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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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    4551 Woodbine Road, Pace, FL, 32571
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