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    8981 Hwy 87th S Milton, FL 32583-7531

    • Grocery and convenience stores
    • 7,500 SF
    • 6.05 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    May 14, 2024
    Location Intelligence
    Property ID
    US18-5502367
    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

    • Grocery and convenience stores

    Property Details for 8981 Hwy 87th S

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.05 lot acres
    Property size
    7,500 SF
    Zone code
    HCD
    Property type
    Grocery and convenience stores
    APN
    09-1N-27-0000-01901-0000
    APU
    091N270000019010000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $885,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $920,000
      Retail
      $820,000
      Mixed-Use
      $875,000
      Hospitality
      $790,000
      Educational
      $810,000
      Residential Income
      $855,000
      Energy
      $745,000
      Income-Based Land
      $735,000
      Food Service
      $910,000

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9621
    Latitude
    30.6155
    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
    $8,842
    $423,576
    $353,585
    $777,161
    -
    $423,576
    $353,585
    $777,161

    Comparable in this City

    • Value Estimation by Request
      2,521 SF

      7106 Hwy 90

      CONVENIENCE STORE • 2,521 SF
      7106 Hwy 90, Milton, FL 32583-5315
      View Details
    • Value Estimation
      $3,165,000
      4,264 SF

      8551 Keshav Taylor Dr

      CONVENIENCE STORE • 4,264 SF
      8551 Keshav Taylor Dr, Milton, FL 32583-7522
      View Details
    • Value Estimation by Request
      6,006 SF

      2782 Avalon Blvd

      CONVENIENCE STORE • 6,006 SF
      2782 Avalon Blvd, Milton, FL 32583-6155
      View Details
    • Value Estimation
      $190,000
      4,600 SF

      5745 Hwy 90

      CONVENIENCE STORE • 4,600 SF
      5745 Hwy 90, Milton, FL 32583-1743
      View Details
    • Value Estimation by Request
      10,665 SF

      3804 Garcon Pt Rd

      CONVENIENCE STORE • 10,665 SF
      3804 Garcon Pt Rd, Milton, FL 32583-9073
      View Details
    • Value Estimation
      $595,000
      26,200 SF

      3480 Garcon Pt Rd

      CONVENIENCE STORE • 26,200 SF
      3480 Garcon Pt Rd, Milton, FL 32583
      View Details

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    • $963 /Mo
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    Milton, FL 32583-7531
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    Realmo Value Estimation

    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.

    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.

    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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