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    Dustin Parkman, Fort Walton Beach, FL

    License ID: 3307056
    Years of Experience
    9
    Association
    Emerald Coast Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (850) 218-8408
    Office Address:
    154 Brooks Street SE, Ste. 101, Fort Walton Beach, FL 32548

    Property Types

    • Land

    Performance

    Listings
    20
    Total transactions
    26
    Total transactions amount
    $9M
    Price range
    $231k - 519k
    Average price
    $346k

    Listings

    For Sale (10)

    View map
    • $1,750,000
      0.22 Acres

      Santa Rosa Beach Homesite

      Expansive homesite in gated Draper Lake Coastal Village.
      15 N Branch Rd, Santa Rosa Beach, FL 32459
      View Details
    • $2,400,000
      2.02 Acres

      Prime Commercial Land Panama City Beach

      2.02 acre commercial parcel with high visibility and traffic.
      22000 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $425,000
      1.50 Acres

      Prime Baker Commercial Land

      1.5-Acre Parcel, Highway 4 Access
      4 Unit 1.5Ac, Baker, FL 32531
      View Details
    • $565,000
      1,638 SF

      Renovated Boutique Office in Panama

      Fully renovated 1,638 SF office space in downtown Panama.
      108 W 4Th St, Panama City, FL 32401
      View Details
    • $2,795,000

      Commercial Property in Crestview, FL

      8-acre commercial property with multiple access points in high-growth area.
      4253 Hugo Ln, Crestview, FL 32539
      View Details
    • $2,950,000

      Prime Commercial Land I-10 Access

      3.95-acre commercial parcel with high visibility and access.
      Tbd Hugh Adams Rd, Defuniak Springs, FL
      View Details
    • $1,195,000

      Commercial Land Near Interstate 10

      Commercial property near Interstate 10 and Highway 331.
      Hugh Adams Rd, Defuniak Springs, FL 32435
      View Details
    • $495,000
      3,526 SF

      Mixed-Use Property in Fort Walton

      Mixed-use property ideal for live-work or investment in Fort Walton.
      117 Auburn Rd, Fort Walton Beach, FL 32547
      View Details
    • $600,000

      Crestview Mixed-Use Development Opportunity

      Five-acre mixed-use land parcel in Crestview, Florida.
      Tbd Victory Ln, Crestview, FL
      View Details
    • $995,000

      1.23 Acre Development Site

      Development site overlooking Lake Powell, suitable for residential or commercial.
      23402 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details

    For Lease (10)

    View map
    • $3,400 /Mo

      Fort Walton Beach Office/Retail Space

      3,000 SF office/retail space in high-traffic Fort Walton Beach.
      652 Beal Pkwy, Fort Walton Beach, FL 32547
      View Details
    • $3,300 /Mo
      5,169 SF

      Professional Space in Panama City

      Professional or retail space available off 23rd Street in Panama City.
      2401 Ruth Hentz Ave, Panama City, FL 32405
      View Details
    • $20 SF/Yr
      9,000 SF

      Versatile Industrial Facility for Lease

      9,000 SF industrial facility on 1.5 acres for lease.
      309 Green Acres Rd, Fort Walton Beach, FL 32547
      View Details
    • $28 SF/Yr
      3,644 SF

      Fort Walton Beach Retail Space

      High-visibility retail property with drive-thru and commercial kitchen.
      302 Racetrack Rd NW, Fort Walton Beach, FL 32547
      View Details
    • $13 SF/Yr
      7,200 SF

      Panama City Flex Warehouse

      7,200 SF flex warehouse in Panama City for lease.
      1117 Saint Andrews Blvd, Panama City, FL 32405
      View Details
    • $14 SF/Yr
      4,500 SF

      Crestview Flex Space For Lease

      4,500 SF commercial flex space with high visibility.
      493 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $7,615 /Mo

      9,620 SF Building in Walton

      9,620 SF building on 1.43 acres in West DeFuniak Springs.
      10724 Us Highway 90 W, Defuniak Springs, FL 32433
      View Details
    • $5,250 /Mo

      Crestview Flex Space For Rent

      4,500 SF commercial flex space with high visibility.
      493 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $2,647 /Mo

      Professional Space in Panama City

      Professional space available in Panama City, just off 23rd Street.
      2401 Ruth Hentz Ave, Panama City, FL 32405
      View Details
    • $7,615 /Mo
      9,620 SF

      West DeFuniak Springs Building

      9,620 SF building in Walton County, FL for lease.
      10724 Us Highway 90, Defuniak Springs, FL 32433
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Request Owner's contact information
    Dustin Parkman, Fort Walton Beach, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Dustin Parkman, Fort Walton Beach, FL
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