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Property profile & analytics
FOR LEASE
Retail space
5941 Berryhill Rd Milton, FL 32570
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5467620
For Lease
1 / 56
$1,347/Mo
5941 Berryhill Rd, Milton, FL 32570
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
17,147 SF
Lot
1.75 ac (76,143 SF)
Zoning code
C1
APN
32-2N-28-0000-03918-0000
UPID
US18-5467620
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
Current use
Occupant on record · Public records
-
Your Pace Yoga Studio Gym & Fitness Center
-
New Vibez BarberSalon Hair Salon Nail Salon
-
Speech & Communication Center of Milton Physician
-
Shelley Barrett Photography Photography Service (Bike/Boat/Book/etc) Store
-
BELTONE HEARING CARE CENTER Hearing Aid Repair Service Hearing Assistance Earphone Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$919k
Blend (final)
Blend
$880k
Owner & transaction history
Phoenix Warrington LLC · 4 yrs held
Phoenix Warrington LLC
since 2022
Last sale
$940,000
3 recorded transactions
Zoning & alternative use
C1 · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Unified Development Code PDF
Top alternative use upside
Office building
$1.0M
+14.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$700,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
OFFICE BUILDING
$1,020,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $940k (Apr 27 2022)
Last sale anchor
$940k
Apr 27 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,068
Tax year 2023
Assessed value
$893,733
Assessed 2023
Previous assessed
$765,858
+16.7% YoY
Effective rate
1.46%
On assessed value
Assessed land
$169,593
Assessed improvement
$724,140
Land market value
$169,593
Improvement market value
$724,140
Total market value
$893,733
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
12
Rooms
19
Bathrooms
12
Total area
17,147 SF
Lot
1.75 ac (76,143 SF)
Zoning code
C1
APN
32-2N-28-0000-03918-0000
UPID
US18-5467620
Jurisdiction
SANTA ROSA
Zoning & alternative use
C1 · Milton, FLZoning C1 · permitted uses
C1 · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Unified Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$885,000
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
12
Rooms
19
Bathrooms
12
Lot
1.75 ac
Current owner
From public records · entity-resolved
Phoenix Warrington LLC
Entity
Mailing address
186 N PALAFOX ST, PENSACOLA, FL 32502-4839
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$940,000
Phoenix Warrington LLC
Berryhifi Plaza Milton LLC
Warranty Deed
$520,000 · Renasant Bank
Oct 15, 2019
$650,000
Berryhill Plaza Milton LLC
Lisbeth Vernali
Warranty Deed
$455,000 · Centerstate Bank Of Florida NA
Apr 5, 2005
—
Sal A Vernali
—
Trustees Deed
related
$600,000 · Gulf Coast Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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