8936 Navarre PkwyNavarre, FL 32566

Property Details for 8936 Navarre Pkwy

Year built

1984

Construction

STEEL FRAME

Lot size

0.87 AC

Property size (Sq ft)

4,560 SF

Zone code

HCD

Property type

Retail properties

Property subtype

Retail space

APN

21-2S-26-0780-0DD00-0000

APU

212S2607800DD000000

Description

This exceptional 6.09-acre commercial property in Navarre, Florida, presents a compelling redevelopment opportunity. Currently housing a single-story, 2,000 square foot building with 4,560 square feet of net rentable space, operating as a boat and RV storage facility, this property offers significant income potential. The existing structure was built and renovated in 1984 and sits on two separate parcels located at 8936 and 8926 Navarre Parkway, zip code 32566, within Santa Rosa County. The property boasts 100% occupancy and is zoned HCD, providing flexibility for various commercial or residential projects. The asking price is $6,250,000, translating to $1,026,272 per acre and $3,125 per square foot. High traffic volume (over 47,000 vehicles per day) on Navarre Parkway, coupled with strong demographics (average household income within 3 miles is $123,120, and average household value within 10 miles is $402,906), underscores the property's exceptional investment potential. An on-site billboard further enhances visibility and marketing opportunities. This is a rare chance to acquire a substantial land parcel in a thriving Florida market. The property is for sale by owner. Parcel numbers are 21-2S-26-0789-0DD00-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $907,846

  6.5%

  $838,011

  7%

  $778,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $777,747

  Geo Method

  $816,909

• Alternative Use

  Use

  Valuation

  Residential

  $706,894

  Hospitality

  $647,511

  Educational

  $538,722

  Medical

  $557,249

  Retail

  $838,011

Location Insight

City

Navarre

County

Santa Rosa

State

Florida

Latitude

30.407

Longitude

-86.8489

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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