Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7680 Henderson Smith Rd Milton, FL 32570-9132

    • Investment properties
    • 1,350 SF
    • 6.17 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2021
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3279315
    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

    • Road Runner Vending / Big Box & Wholesale Store

    Property Details for 7680 Henderson Smith Rd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    6.17 lot acres
    Property size
    1,350 SF
    Zone code
    AG-RR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-2N-27-0000-00504-0000
    APU
    022N270000005040000

    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
    -86.9251
    Latitude
    30.7121
    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
    $1,090
    $46,914
    $28,334
    $75,248
    -
    $46,914
    $28,334
    $75,248

    Comparable in this City

    • Value Estimation
      $1,120,000
      5,884 SF

      Milton, FL 32570

      OFFICE/RESIDENTIAL (MIXED USE) • 5,884 SF
      Milton, FL 32570
      View Details
    • Value Estimation by Request
      674 SF

      6228 Buckskin Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 674 SF
      6228 Buckskin Dr, Milton, FL 32570-3304
      View Details
    • Value Estimation by Request
      514 SF

      Sunago Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 514 SF
      Sunago Dr, Milton, FL 32570
      View Details
    • Value Estimation by Request
      9,429 SF

      6571 Caroline St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,429 SF
      6571 Caroline St, Milton, FL 32570-4779
      View Details
    • Value Estimation by Request
      825 SF

      5048 Elwood Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 825 SF
      5048 Elwood Ln, Milton, FL 32570-8103
      View Details
    • Value Estimation by Request
      900 SF

      8426 Hwy 89

      OFFICE/RESIDENTIAL (MIXED USE) • 900 SF
      8426 Hwy 89, Milton, FL 32570
      View Details

    Similar Nearby for Sale

    • $6,200,000
      20,000 SF

      Luxury Eco Resort in Florida

      Profitable Eco-Resort with Expansion Potential
      7009 Creek Stone Rd, Milton, FL 32570
      View Details
    • Contact for pricing
      1,800 SF

      Mixed-Use Property in Prime Location

      Versatile mixed-use property suitable for owner-occupancy or investment.
      5770 Stewart St, Milton, FL 32570
      View Details
    • $499,900
      4,700 SF

      Milton, FL Income Property Opportunity

      9-Bedroom, 5-Bath Vintage Home; High Rental Potential
      5347 Stewart St., Milton, FL 32570
      View Details
    • $649,900
      1,776 SF

      Prime Corner Commercial Property, Milton

      Commercial property with multiple uses, high visibility, and owner financing.
      6705 Berryhill St, Milton, FL 32570
      View Details
    • Contact for pricing
      0.32 Acres

      Vacant Land in Milton, Florida

      0.32 acre vacant lot in Milton, Florida.
      San Juan St, Milton, FL 32570
      View Details
    • $39,000
      0.30 Acres

      Milton, FL Interior Lot

      Approximately 1/3 acre interior lot in waterfront subdivision.
      338H San Antonio Dr, Milton, FL 32570
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,700 SF

      Milton Retail Space - Corner Lot Lease

      High-traffic corner retail space; fenced lot, roll-up doors.
      5855 Stewart St, Milton, FL 32570
      View Details
    • $19 SF/Yr
      1,291 SF

      Milton, FL Flex Space For Lease

      Climate-controlled flex space with roll-up door.
      6317 - 6325 Dogwood Drive, Milton, FL 32570
      View Details
    • $12 SF/Yr
      10,395 SF

      Prime Milton Retail Space

      10,395 SF End Cap, High Traffic Area
      5141 Dogwood Dr, 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
      View Details
    • $2,400 /Mo
      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
    • $15 SF/Yr
      4,127 SF

      Spacious Retail Property in Milton

      4127 SF retail space with open floor plan.
      5131 Dogwood Dr, Milton, FL 32570
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7680 Henderson Smith Rd
    Milton, FL 32570-9132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!