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    Milton, FL
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    Milton, FL Shopping Centers for Sale

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    Bagdad, FL Pace, FL Gulf Breeze, FL
    Retail Plaza in Growing Pace
    Updated: Aug 31, 2025
    Retail Plaza in Growing Pace

    4843-4873 W Spencer Field Rd, Milton, FL

    $4,250,000
    26,250 sqft · 3.84 AC lot
    Stable $326,000 Net Operating Income (NOI) annually.
    NNN Lease structure with 11 tenants, providing stable cash flow.
    High visibility location in a rapidly growing area of Pace, Florida.
    Recent upgrades including 90% HVAC unit replacement and parking lot paving/striping.
    Excellent access to US 90, Berryhill Road, and Chumuckla Highway.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4843-4873 W Spencer Field Rd, Milton, FL

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $282K
      Annual

    • Price @ 7% Cap

      $4.04M
      Suggested

    • Last Sold

      Mar 2025
      $70K
    View Property Analytics
    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 1 Active listings in Milton, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10,800 SF / 7 Unit Retail Shopping Center For Sale
    10,800 SF / 7 Unit Retail Shopping Center For Sale

    1911 W Garden Street, Pensacola, FL 32502

    $2,360,000
    10,800 sqft · 0.25 AC lot

    10,800 SF / 7 Unit Retail Shopping Center For Sale

    View details
    15,884 SF High Income Plaza For Sale or Lease
    15,884 SF High Income Plaza For Sale or Lease

    5104 North "W" Street, Pensacola, FL 32505

    $5,000,000
    15,884 sqft · 1.66 AC lot

    15,884 SF High Income Plaza For Sale or Lease

    View details
    Retail Center in Pace, Florida
    Retail Center in Pace, Florida

    4843 W. Spencer Field Road, Pace, FL 32571

    $4,250,000

    NNN leased retail center with high visibility and growth potential.

    View details
    Pace, FL Neighborhood Center
    Pace, FL Neighborhood Center

    5624 Woodbine Rd, Pace, FL 32571

    $5,240,000
    25,700 sqft

    25,700 SF neighborhood center in Pace, Florida.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pensacola Land Investment Opportunity
    Pensacola Land Investment Opportunity

    2300 BLK Gloria Cir, Pensacola, FL 32514

    $200,000
    1.10 AC lot

    Commercial potential in a rapidly growing Pensacola location.

    View details
    Prime Commercial Pad Site Opportunity
    Prime Commercial Pad Site Opportunity

    740 E Burgess Rd, Pensacola, FL 32504

    $850,000
    1.29 AC lot

    1.29-acre commercial pad site in active Pensacola corridor.

    View details
    Pensacola Land For Sale
    Pensacola Land For Sale

    Gulf Beach Hwy, Pensacola, FL 32507

    $1,399,000
    3.34 AC lot

    3.34 acres on Gulf Beach Hwy near Perdido Key.

    View details
    Commercial Land with Beachfront Frontage
    Commercial Land with Beachfront Frontage

    25122 Perdido Beach Boulevard, Orange Beach, AL 36561

    $4,000,000
    0.44 AC lot

    400 feet of frontage with multiple lots and existing retail structures, enabling mixed-use or vacation rental redevelopment.

    View details

    Off-Market Properties in Milton, FL

    Consider similar Off-Market properties in Milton, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5167 San Blas St
    WHOLESALE OUTLET, DISCOUNT STORE

    5167 San Blas St, Milton, FL 32583-5801

    $1,435,000
    Estimated value
    10,095 sqft · 1.03 AC lot
    View details
    5325 Berryhill Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    5325 Berryhill Rd, Milton, FL 32570-8179

    $1,220,000
    Estimated value
    9,303 sqft · 1.77 AC lot
    View details
    8989 Fortune Rd
    WHOLESALE OUTLET, DISCOUNT STORE

    8989 Fortune Rd, Milton, FL 32583-2561

    $1,310,000
    Estimated value
    9,301 sqft · 1.33 AC lot
    View details
    6987 Hwy 87th N
    WHOLESALE OUTLET, DISCOUNT STORE

    6987 Hwy 87th N, Milton, FL 32570-6399

    $970,000
    Estimated value
    11,045 sqft · 1.78 AC lot
    View details
    5397 Stewart St
    WHOLESALE OUTLET, DISCOUNT STORE

    5397 Stewart St, Milton, FL 32570-4732

    $975,000
    Estimated value
    10,891 sqft · 1.60 AC lot
    View details
    Milton, FL 32570
    MINI-MALL

    Milton, FL 32570

    Value Estimation by Request
    0.04 AC lot
    View details
    8281 Hwy 90
    WHOLESALE OUTLET, DISCOUNT STORE

    8281 Hwy 90, Milton, FL 32583-6714

    $990,000
    Estimated value
    10,360 sqft · 1.31 AC lot
    View details
    6380 Hwy 87th N
    WHOLESALE OUTLET, DISCOUNT STORE

    6380 Hwy 87th N, Milton, FL 32570-6427

    $900,000
    Estimated value
    9,900 sqft · 2.67 AC lot
    View details
    5430 Dogwood Dr
    MINI-MALL

    5430 Dogwood Dr, Milton, FL 32570-3700

    $2,040,000
    Estimated value
    19,110 sqft · 4.28 AC lot
    View details
    6236 Hwy 90
    WHOLESALE OUTLET, DISCOUNT STORE

    6236 Hwy 90, Milton, FL 32570-1709

    $940,000
    Estimated value
    10,216 sqft · 2.36 AC lot
    View details
    5675 Us-90
    Lifestyle centers

    5675 Us-90, Milton, FL 32583

    Value Estimation by Request
    10,528 sqft
    View details
    6209 Us-90
    Neighborhood centers

    6209 Us-90, Milton, FL 32570

    Value Estimation by Request
    159,093 sqft
    View details
    5866 Stewart St
    WHOLESALE OUTLET, DISCOUNT STORE

    5866 Stewart St, Milton, FL 32570-3632

    $915,000
    Estimated value
    10,030 sqft · 1.17 AC lot
    View details
    8255 Hwy 90
    WHOLESALE OUTLET, DISCOUNT STORE

    8255 Hwy 90, Milton, FL 32583-6714

    $1,490,000
    Estimated value
    10,578 sqft · 1.20 AC lot
    View details
    4148 Avalon Blvd
    WHOLESALE OUTLET, DISCOUNT STORE

    4148 Avalon Blvd, Milton, FL 32583-5584

    $1,685,000
    Estimated value
    11,943 sqft · 1.29 AC lot
    View details

    Milton, FL Shopping Centers Market Trends and Statistics

    Explore 16 shopping centers for sale in Milton, FL on our real estate platform. These investment opportunities span a total of 26,250 square feet of properties for sale, with an estimated market value of $4,250,000.

    Sale prices for plazas in Milton, FL start at $4,250,000, averaging $4,250,000, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 15
    Automotive properties 5
    Storefront properties 5
    Auto shops 1
    Gas stations 1

    Demographics Overview

    Population 108K
    Population Growth (5Y) +14.2%
    Median Household Income $82,804
    College Educated 26.6%

    Taxes & Financing

    Tax Rate (average for all types) 1.16%
    Property Tax per SF $28.12 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Rosa County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Milton fall within the 100,000+ square foot range.

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