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    119-123 Hampton Dr Crestview, FL 32539

    View on Map
    Sponsored
    For Sale
    Pending
    $495,000

    MULTI_FAMILY - Other - Crestview, FL

    Property size:
    2,996 SF
    Lot size:
    0.07 Acres
    Days on Market:
    26
    Last Refresh:
    Mar 8 at 11:06 pm

    Property Features for 119-123 Hampton Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    City, Resid Multi-Family
    Rooms
    Bathroom 5, Bedroom 1, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Dining Room, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2
    Bedrooms
    6
    Bathrooms
    4
    APN
    16-3N-23-0561-000H-013A
    Patio and Porch features
    Porch
    Interior features
    Washer/Dryer Hookup
    Appliances
    Refrigerator, Stove/Oven Electric, Water Heater - Elect
    Size
    2,996 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Melissa A Haworth

    EXP REALTY LLC (888) 883-8509

    Listing agent Melissa A Haworth (469) 658-2869 License #3481018

    Listing date Feb 11, 2026

    MLS# 990940

    Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Triplex in Crestview, Florida

    This renovated triplex, located at 119-123 Hampton Drive in Crestview, Florida, presents an investment or house-hack opportunity. The property features three units, each with 2 bedrooms and 1.5 bathrooms. The combined living space of all units totals 2,996 square feet. Each unit has been completely remodeled inside and out, featuring modern finishes. The property includes a 2019 roof and HVAC systems in two units. Each unit offers an open floor plan with living and dining areas, in-unit laundry, a private back deck, and separate utilities. Unit 121 is currently leased through September 2026 at $1,428 per month. Units 119 and 123 are vacant with projected rents of $1,333 per month each. The property has low-maintenance landscaping and no HOA. The lot size is 0.07 acres. The zoning is City, Resid Multi-Family. The property offers convenient access to shopping, restaurants, and major routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Dental Office Hair Salon Building Supply Auto Repair Shop Accounting Firm Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.548242
    Latitude
    30.762967

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    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex with strong rental income potential in Crestview.
    Where is this triplex located?
    The property is located at 119-123 Hampton Dr Crestview, FL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Fully renovated triplex featuring three 2-bedroom, 1.5-bath units.; - Strong cash flow potential, one unit leased through September 2026.; - Ideal investment or house-hack opportunity.
    (469) 658-2869
    Request Owner's contact information
    119-123 Hampton Dr Crestview, FL 32539
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    Crestview, FL 32539
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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.

    More about this property
    119-123 Hampton Dr Crestview, FL 32539
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    We can help!
    Listing Contact
    Melissa A Haworth
    Real Estate License ID: 3481018
    (469) 658-2869 (888) 883-8509
    Learn more
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