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    OFF-MARKET
    Retail space

    8936 Navarre Pkwy, Navarre, FL 32566-2157

    4,560 SF 0.87 ac lot Built 1984
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US18-5491374
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Secured Loans INC · 5 yrs held
    Secured Loans INC
    since 2021
    4 recorded transactions
    2021
    2021
    $25,000
    2018
    $450,000
    2018
    Zoning & alternative use
    HCD · Navarre, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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