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Property profile & analytics

6974 Highway 87 Milton, FL 32570

  • Retail space
  • 3,824 SF
  • 0.23 lot acres
Value Estimation
Last Sale
Mar 11, 2022
$100,000
Location Intelligence
Property ID
US18-2836429
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

  • Retail space

Property Details for 6974 Highway 87

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.23 lot acres
Property size
3,824 SF
Zone code
HCD
Property type
Retail space
Property subtype
Storefront properties
APN
16-2N-28-0000-03700-0000
APU
162N280000037000000

Description

This exceptional 0.35-acre commercial land parcel is ideally situated on Highway 87 in Milton, Florida. Zoned HCD, this property presents a remarkable opportunity for retail development, particularly given its proximity to the NAS Whiting Field military base and downtown Milton. Boasting approximately 100 feet of frontage on Highway 87, the site enjoys high visibility and accessibility. The property is conveniently located within three miles of the NAS Whiting Field front gate, ensuring a strong potential customer base. Currently, a vacant 2,637 square foot wood-frame building sits on the site, offering potential for renovation or demolition. The sale includes two parcels: 16-2N-28-0000-03700-0000 and 16-2N-28-0000-00718-0000. The property's location directly across the street from a newly constructed Dollar General store further enhances its desirability and potential for immediate success. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing area of Santa Rosa County, Florida. The asking price for this exceptional property is $165,000. The property's address is 6974 Highway 87, Milton, FL 32570.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $75,000
  • CAP approach

    CAP return
    Estimation
    6%
    $75,000
    6.5%
    $70,000
    7%
    $70,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $80,000
    Geo Method
    $75,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $70,000
    Retail
    $65,000
    Mixed-Use
    $80,000
    Hospitality
    $85,000
    Educational
    $75,000
    Residential Income
    $75,000
    Energy
    $70,000
    Income-Based Land
    $70,000
    Food Service
    $70,000

Location Insight

  • Map
  • Local Demand
City
Milton
County
Santa Rosa
State
Florida
Longitude
-87.0534
Latitude
30.6891
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
$970
$26,775
$43,861
$70,636
-
$26,775
$43,861
$70,636
More about this property
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