Property profile

8936 Navarre Pkwy Navarre, FL 32566

OFF-MARKET
Retail space
Property ID
US18-5491374
4,560 SF 0.87 ac lot Built 1984
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 6.09-acre commercial property in Navarre, Florida, presents a compelling redevelopment opportunity. Currently housing a single-story, 2,000 square foot building with 4,560 square feet of net rentable space, operating as a boat and RV storage facility, this property offers significant income potential. The existing structure was built and renovated in 1984 and sits on two separate parcels located at 8936 and 8926 Navarre Parkway, zip code 32566, within Santa Rosa County. The property boasts 100% occupancy and is zoned HCD, providing flexibility for various commercial or residential projects. The asking price is $6,250,000, translating to $1,026,272 per acre and $3,125 per square foot. High traffic volume (over 47,000 vehicles per day) on Navarre Parkway, coupled with strong demographics (average household income within 3 miles is $123,120, and average household value within 10 miles is $402,906), underscores the property's exceptional investment potential. An on-site billboard further enhances visibility and marketing opportunities. This is a rare chance to acquire a substantial land parcel in a thriving Florida market. The property is for sale by owner. Parcel numbers are 21-2S-26-0789-0DD00-0000.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1984
Construction STEEL FRAME
Total area 4,560 SF
Lot 0.87 ac (37,752 SF)
Zoning code HCD
APN 21-2S-26-0780-0DD00-0000
UPID US18-5491374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8936 Navarre Pkwy Navarre, FL 32566-2157
Navarre metro Census 10827 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2021
$25,000
2018
$450,000
2018
Price N/A

Zoning & alternative use

HCD · Navarre, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8936 Navarre Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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