Property profile

9447 Hwy 87th S Milton, FL 32583

OFF-MARKET
Grocery and convenience stores
Property ID
US18-1822646
10,884 SF 2.17 ac lot Built 2004
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2004
Construction STEEL FRAME
Total area 10,884 SF
Lot 2.17 ac (94,395 SF)
Zoning code HCD
APN 32-2N-27-0000-00205-0000
UPID US18-1822646

Cap rate & NOI

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

Location

9447 Hwy 87th S Milton, FL 32583-7523
Milton metro Census 10809 PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$812k
Blend (final) Blend
$725k

Owner & transaction history

since 2023
Last sale
$1.0M
7 recorded transactions
2023
$1.0M
2018
Price N/A
2008
Price N/A
2003
$27,500
1999
$9,800
1999
$9,514
1969
Price N/A

Zoning & alternative use

HCD · Milton, FL
Top alternative use upside
Commercial (general) $1.3M +26.2%
Office building $1.0M +1.0%

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
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