6708 Dearborn St, Milton

Usage

Warehousing, distribution terminal, trucking terminal, or van and storage warehousing

Address:

6708 Dearborn St
Milton
FL 32570

Property Size:15,290 sq ft
Acreage:0.80
Year Built:1977
Property Class:C2
Latitude:30.647
Longitude:-87.044

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Milton:

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Please quote reference number: 14549308 in your email

Visulate Support for REITs and Private Equity Firms

Santa Rosa County, Florida

Santa Rosa County is part of the Northwest region of Florida. The largest industries by employment are trade, transportation & utilities; leisure & hospitality; education & health services; and professional & business services.

Top private sector employers for Santa Rosa County are Wal-Mart, Baptist Health Care, Clearwire, Mediacom, and Santa Rosa Medical Center. Major public sector employers are Santa Rosa County School District, US Government, Florida State Government, and Santa Rosa County. Cities and towns in Santa Rosa County include Gulf Breeze, Jay, and Milton. ..more

[Property Appraiser]
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Links

  1. 6708 Dearborn St, Milton, FL on Google Maps
  2. Milton, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32570 from City-Data.com
  4. Milton Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32570 Zipcode

Owner Details

Companies at this Address

  1. Mailing Address for Rco LLC

Companies near this Address

  1. Turn One Graphics, LLC (5833 Stewart St)
  2. Turn One Performance, LLC (5833 Stewart St)
  3. Ljfd, Inc. (5837 Stewart St)
  4. Floritex, Inc. (5844 Stewart St)

Santa Rosa County Real Estate - Milton

Milton is in North West Florida. It's population as recorded in the 2010 Census was 8,826. Milton is approximately 18 miles from Pensacola (population 51,923) and around 89 miles from Panama City (population 36,484).

The median age for residents of Milton is 34.9. Around 31.9% of Milton households include school aged children and 25.7% of households include individuals aged 65 years or over. Census records indicate 77.3% of the Milton population are White, 13.9% are Black or African American, .7% American Indian, 2.2% Asian and 4% are Two or more Races.

There are 4,021 housing units in Milton. 505 (12.5%) of these were reported as vacant in the 2010 Census. There are 1,773 residential rental units in Milton. 1,501 of them were occupied in 2010 providing a residential rental vacancy rate of 15.1%.

Milton links:

Local Household Income

The median household income in this part of Florida is $65,955. The bottom 10% of the population earn less than $24,030 per year. The top 10% earn more than $142,741 per year. The top 1% earn more than $427,659 per year. Most renters earn between $31,620 (20th percentile) and $59,964 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $975. Most renters earn between $2,635 and $4,997 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,394 (80th percentile) range. The residential vacancy rate is 7%.

Estimated Value: 6708 Dearborn St

Market Data

In 2013 class A warehousing, distribution terminal, trucking terminal, or van and storage warehousing properties in Milton sold for $119.24 to 119.24 per sq ft with a median price per sq ft of $119.24. Class B properties sold for $119.25 to 119.23 per sq ft with a median of $119.24 and class C properties sold for $119.24 to 119.24 per sq ft with a median of $119.24.

Market Valuation

6708 Dearborn St appears to be a C Class property. Suggested value: $1,823,180

HighMedianLow
Value1,823,180 1,823,180 1,823,180

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $665,322. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 6708 Dearborn St. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent5,989
Annual Rent per Sq Ft4.70
Gross Annual Rent71,863
Vacancies and Bad Debt8%
Vacancies and Bad Debt Amount5,965
Maintenance660
HOA, Utilities and CAM0
Property Taxes174
Insurance1,231
Management Fees3,954
NOI59,879
Cap Rate9
Estimated Value665,322
Edit Values and Estimate Cashflow Estimate Cashflow
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Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.