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    Property profile & analytics

    85 Bay Bridge Dr Gulf Breeze, FL 32561

    • Medical offices
    • 3,988 SF
    • 0.08 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1652434
    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

    • Executive Medical Services / Doctor
    • Proper Dermatology - Sean Branch, D.O., FAAD / Skin Care Clinic / Dermatologist
    • Quintin Law / Internist

    Property Details for 85 Bay Bridge Dr

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    3,988 SF
    Zone code
    C1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    05-3S-29-0215-00100-0110
    APU
    053S290215001000110

    Description

    This exceptional 3,964 square foot medical office building, situated at 85 Baybridge Drive in Gulf Breeze, Florida, presents a unique investment opportunity. Built in 1984 and extensively renovated in 2023, this two-story building boasts a single-tenant occupancy and is zoned C-1. The property features high-end finishes, abundant natural light, and a tranquil atmosphere designed to enhance patient and staff comfort. Its strategic location just off Highway 98 (Gulf Breeze Parkway), offers convenient access to Pensacola and surrounding areas, placing it within easy reach of residents and visitors. The proximity to Gulf Breeze Hospital and other medical facilities further strengthens its appeal to healthcare professionals. The property's Santa Rosa County location (APN: 05-3S-29-0215-00100-0110) and its position in the Pensacola, Fort Walton Beach, Destin submarket cluster make it an attractive prospect for both sale and lease. This meticulously maintained building offers a sophisticated and functional workspace, ideal for a variety of medical practices. The property's modern design and prime location combine to create an exceptional opportunity in a thriving healthcare market. This is a turnkey solution for medical professionals seeking a high-quality, well-situated office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $724,000
      Market price range: $463k - $932k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $675,000
      Current use
      RETAIL STORES
      $625,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.1729
    Latitude
    30.3683
    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
    $8,061
    $147,000
    $565,159
    $712,159
    -
    $147,000
    $565,159
    $712,159

    Comparable in this City

    • Value Estimation
      $2,010,000
      15,788 SF

      350 Pensacola Bch Rd

      MEDICAL BUILDING • 15,788 SF
      350 Pensacola Bch Rd, Gulf Breeze, FL 32561-4815
      View Details
    • Value Estimation
      $905,000
      8,381 SF

      41 Fairpoint Dr

      MEDICAL BUILDING • 8,381 SF
      41 Fairpoint Dr, Gulf Breeze, FL 32561-4396
      View Details
    • Value Estimation by Request
      2,355 SF

      107 Bay Brg Dr

      MEDICAL BUILDING • 2,355 SF
      107 Bay Brg Dr, Gulf Breeze, FL 32561-4470
      View Details
    • Value Estimation
      $1,360,000
      9,421 SF

      15 Daniel Dr

      MEDICAL BUILDING • 9,421 SF
      15 Daniel Dr, Gulf Breeze, FL 32561-4418
      View Details
    • Value Estimation by Request
      2,601 SF

      204 Ctr St

      MEDICAL BUILDING • 2,601 SF
      204 Ctr St, Gulf Breeze, FL 32561-4392
      View Details
    • Value Estimation by Request
      2,601 SF

      103 Nightingale Ln

      MEDICAL BUILDING • 2,601 SF
      103 Nightingale Ln, Gulf Breeze, FL 32561-4300
      View Details

    Similar Nearby for Sale

    • $1,250,000
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      Gulf Breeze Medical Office Opportunity

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      View Details
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    Similar Nearby for Lease

    • $21 SF/Yr
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      Modern Medical Office Space Available
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    • $25 SF/Yr
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      Gulf Breeze Medical Office: Lease/Sale

      Modern medical office, 3964 sq ft, prime Gulf Breeze location.
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    • $24 SF/Yr
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      Prime Gulf Breeze location, 1581 sq ft, flexible layout.
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    Gulf Breeze, FL 32561
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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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