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    Property profile & analytics

    6709 Nn Ave Milton, FL 32570-7319

    • Medical offices
    • 2,147 SF
    • 1.79 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0289142
    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

    • Santa Rosa Veterinary Clinic / Veterinarian / Animal Hospital

    Property Details for 6709 Nn Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.79 lot acres
    Property size
    2,147 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    34-2N-28-3250-00300-0010
    APU
    342N283250003000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0426
    Latitude
    30.6374
    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
    $5,239
    $156,000
    $231,644
    $387,644
    -
    $156,000
    $231,644
    $387,644

    Comparable in this City

    • Value Estimation
      $655,000
      5,248 SF

      5950 Berryhill Medical Park Dr

      MEDICAL BUILDING • 5,248 SF
      5950 Berryhill Medical Park Dr, Milton, FL 32570
      View Details
    • Value Estimation
      $1,885,000
      8,640 SF

      5934 Berryhill Medical Park Dr

      MEDICAL BUILDING • 8,640 SF
      5934 Berryhill Medical Park Dr, Milton, FL 32570
      View Details
    • Value Estimation by Request
      2,496 SF

      6088 Berryhill Rd

      MEDICAL BUILDING • 2,496 SF
      6088 Berryhill Rd, Milton, FL 32570-5062
      View Details
    • Value Estimation by Request
      2,588 SF

      5603 Stewart St

      MEDICAL BUILDING • 2,588 SF
      5603 Stewart St, Milton, FL 32570-4227
      View Details
    • Value Estimation
      $5,570,000
      39,570 SF

      5992 Berryhill Rd

      MEDICAL BUILDING • 39,570 SF
      5992 Berryhill Rd, Milton, FL 32570-1013
      View Details
    • Value Estimation by Request
      2,100 SF

      6061 Doctors Park

      MEDICAL BUILDING • 2,100 SF
      6061 Doctors Park, Milton, FL 32570-5073
      View Details

    Similar Nearby for Sale

    • $4,500,000
      66,110 SF

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      66,110 SF Value-Add Opportunity in Milton
      5500 Stewart St, Milton, FL 32570
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    • $350,000
      4,607 SF

      Milton Medical Office Building For Sale

      Prime Medical Office, 2,500 SF, near SRMC
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    • $365,000
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      Medical/Professional Office For Sale

      Office building near Santa Rosa Medical Center.
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    • $159,000
      1,479 SF

      Prime Milton Medical Office Space

      1,479 SF Office, Excellent Location
      5560 Stewart St, Milton, FL 32570
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    • $1,650,000
      7,184 SF

      Milton Medical Office For Sale

      Turnkey medical office adjacent to Santa Rosa Medical Center.
      5942 Berryhill Medical Park Dr, Milton, FL 32570
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    • $275,000
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      Prime Milton Office Building

      Corner Lot, 2,088 SF, High-Income Area
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,246 SF

      Milton Medical Office Space for Lease

      Prime medical office, 2,246 SF, NNN lease.
      5950 Berryhill Medical Park Dr., Suite B, Milton, FL 32570
      View Details
    • $18 SF/Yr
      2,630 SF

      Milton Medical Office Space for Lease

      Prime medical office, 2630 sq ft, NNN lease.
      5950 Berryhill Medical Park Dr., Suite B, Milton, FL 32570
      View Details
    • $16 SF/Yr
      2,500 SF

      Milton Medical Office Building

      Prime Medical Office: Sale/Lease
      6044 Doctors Park, Milton, FL 32570
      View Details
    • $850 /Mo
      174 SF

      Milton Office Space for Lease

      Prime Milton location, 174 sq ft office, full-service lease.
      6460 Justice Ave, Milton, FL 32570
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    • $16 SF/Yr
      2,371 SF

      Historical Office/Retail in Downtown Milton

      Freestanding, well-maintained office/retail space in historic downtown Milton.
      6849 Oak St, Milton, FL 32570
      View Details
    • $16 SF/Yr
      2,052 SF

      Downtown Milton Retail Space Available

      Prime 2,052 SF retail sublease in vibrant Milton.
      6835 U.S. 90, Milton, FL 32570
      View Details
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    6709 Nn Ave
    Milton, FL 32570-7319
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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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