1645 Nantahala Beach RdGulf Breeze, FL 32563

Property Details for 1645 Nantahala Beach Rd

Year built

2017

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.10 AC

Property size (Sq ft)

5,643 SF

Zone code

PBD

Property type

Healthcare properties

Property subtype

Medical offices

APN

25-2S-28-0000-00504-0000

APU

252S280000005040000

Description

This exceptional Class A medical office building, constructed in 2017, presents a unique owner-user investment opportunity in the thriving Gulf Breeze, Florida market. Located at 1645 Nantahala Beach Rd, 32563, this single-story building boasts 4,603 square feet of total space, with 4,329 square feet of net rentable area. The property sits on a 1.1-acre lot and offers ample parking with 31 spaces, providing a generous parking ratio of 5.8 spaces per 1,000 square feet. Currently operating at 100% occupancy, the building features a welcoming large reception/waiting area, two bathrooms, and ten office exam rooms, many equipped with sinks. There's significant potential for expansion, with space available to add more exam rooms or private offices. The building's core is efficiently designed for administration, storage, and the reception area. Recent improvements include exterior gutter installation, fresh paint, and cement coating. The property is secured with a system protecting both front and rear access. Recent parking expansion has also improved access with longer sidewalks. The permitted zoning is PBD. The asking price is $1,275,000, translating to $298.45 per square foot. This turnkey operation offers a strong return on investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $764,258

  6.5%

  $705,469

  7%

  $655,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,929

  Geo Method

  $401,161

• Alternative Use

  Use

  Valuation

  Residential

  $874,781

  Hospitality

  $801,295

  Educational

  $666,668

  Medical

  $689,596

  Retail

  $1,037,039

Location Insight

City

Gulf Breeze

County

Santa Rosa

State

Florida

Latitude

30.3956

Longitude

-87.0159

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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