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    OFF-MARKET Estimated value $655,000
    Medical Office Space

    5950 Berryhill Medical Park Dr, Milton, FL 32570

    5,248 SF 0.55 ac lot Built 1990
    Individually Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US18-4063944
    Property summary
    AI-generated overview

    This exceptional Class A, 4,876-square-foot medical office building, situated on a 0.55-acre lot in Milton, Florida's Berryhill Medical Park, presents a unique investment opportunity. Built in 1990 and extensively renovated in 2023, the single-story building boasts a 9-foot ceiling height and offers multiple suites ranging from 2,246 to 2,630 contiguous square feet. The property features 25 parking spaces, a recently resurfaced parking lot, and is conveniently located next to the Santa Rosa Medical Center, ensuring high visibility and accessibility. Recent upgrades include a new roof, exterior paint, HVAC units, landscaping enhancements, and a freshly painted and striped parking lot. The building's versatile layout includes multiple exam rooms, waiting areas, offices, and bathrooms, making it ideal for a variety of medical or office uses. The property is zoned C1 and offers excellent potential for both owner-occupancy and investment. Additional rent expenses are estimated at $4.71 per square foot, encompassing property taxes, water/sewer, lawn care, and insurance. Tenants are responsible for a pro-rata share of electricity (upon full occupancy) and all janitorial costs. This turnkey property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1990
    Construction STEEL FRAME
    Total area 5,248 SF
    Lot 0.55 ac (24,002 SF)
    Zoning code C1
    APN 32-2N-28-0358-00000-0010
    UPID US18-4063944
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $869k
    Blend (final) Blend
    $655k
    Owner & transaction history
    Richard D Baldwin · 21 yrs held
    Richard D Baldwin
    since 2005
    6 recorded transactions
    2005
    $435,000
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    C1 · Milton, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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