5241 Gulf Breeze PkwyGulf Breeze, FL 32563

Property Details for 5241 Gulf Breeze Pkwy

Year built

1976

Construction

STEEL FRAME

Lot size

1.97 AC

Property size (Sq ft)

14,625 SF

Zone code

HCD

Property type

Retail space

APN

24-2S-28-1150-00100-0160

APU

242S281150001000160

Description

This 12,048 square foot shopping center in Gulf Breeze, Florida, presents a compelling value-add opportunity. Located on Gulf Breeze Parkway, this single-story, 1976-built property underwent renovations in 2024, including electrical, flooring, and roof upgrades. Currently 100% occupied by five tenants under NNN leases, the property offers significant upside potential by adjusting lease rates to market values ($17-$29/SF NNN). The 1.97-acre lot includes 30 on-site parking spaces and a rear laydown area for convenient deliveries and storage. The HCD zoning allows for flexibility, and there's potential for assemblage with an adjacent 0.98-acre parcel (not currently for sale). The property benefits from a strong location in a thriving commercial corridor with high traffic counts (35,500 CPD) and robust surrounding business activity and high average home values. Financial data for the surrounding 5-mile radius shows 766 businesses employing 5,259 people, with total sales exceeding $1.2 billion through June 2024. This well-maintained center is ideal for investors seeking to capitalize on a tight leasing market and strong local economy. The asking price is $2,500,000 ($207.50/SF).

• CAP approach

  CAP return

  Valuation

  6%

  $2,911,676

  6.5%

  $2,687,700

  7%

  $2,495,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,494,418

  Geo Method

  $2,620,022

• Alternative Use

  Use

  Valuation

  Residential

  $2,267,176

  Hospitality

  $2,076,721

  Educational

  $1,727,807

  Medical

  $1,787,229

  Retail

  $2,687,700

Location Insight

City

Gulf Breeze

County

Santa Rosa

State

Florida

Latitude

30.3984

Longitude

-87.0042

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].