5950 Berryhill Medical Park DrMilton, FL 32570

Property Details for 5950 Berryhill Medical Park Dr

Year built

1990

Construction

STEEL FRAME

Lot size

0.55 AC

Property size (Sq ft)

5,248 SF

Zone code

C1

Property type

Healthcare properties

Property subtype

Medical offices

APN

32-2N-28-0358-00000-0010

APU

322N280358000000010

Description

This exceptional Class A, 4,876-square-foot medical office building, situated on a 0.55-acre lot in Milton, Florida's Berryhill Medical Park, presents a unique investment opportunity. Built in 1990 and extensively renovated in 2023, the single-story building boasts a 9-foot ceiling height and offers multiple suites ranging from 2,246 to 2,630 contiguous square feet. The property features 25 parking spaces, a recently resurfaced parking lot, and is conveniently located next to the Santa Rosa Medical Center, ensuring high visibility and accessibility. Recent upgrades include a new roof, exterior paint, HVAC units, landscaping enhancements, and a freshly painted and striped parking lot. The building's versatile layout includes multiple exam rooms, waiting areas, offices, and bathrooms, making it ideal for a variety of medical or office uses. The property is zoned C1 and offers excellent potential for both owner-occupancy and investment. Additional rent expenses are estimated at $4.71 per square foot, encompassing property taxes, water/sewer, lawn care, and insurance. Tenants are responsible for a pro-rata share of electricity (upon full occupancy) and all janitorial costs. This turnkey property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $710,761

  6.5%

  $656,087

  7%

  $609,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $355,195

  Geo Method

  $373,080

• Alternative Use

  Use

  Valuation

  Residential

  $813,548

  Hospitality

  $745,206

  Educational

  $620,002

  Medical

  $641,325

  Retail

  $964,448

Location Insight

City

Milton

County

Santa Rosa

State

Florida

Latitude

30.6351

Longitude

-87.0688

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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