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10-Unit Apartment Building
New
For Sale
$995,000

14 NW Cape Drive, Fort Walton Beach, FL 32548

Commercial for Sale, Fort Walton Beach, FL

Property SizeContact for details
Lot Size0.32 Acres
Days on Market2

Property Features for 14 NW Cape Drive

General Information

Property type Commercial Sale
Property subtype Other
Directions From Eglin Parkway, head north and turn left onto Racetrack Road. Continue to Beal Parkway NW and turn right. After about half a mile, turn left onto Cape Drive NW. 14 Cape Dr will be on your left. The drive takes around 5-10 minutes depending on traffic.
Subdivision 12 - Fort Walton Beach
Special listing conditions Real Estate Owned, In Foreclosure
Standard status Active
APN 09-2S-24-1860-0002-0120
Lot size 0.32 Acres

Taxes and HOA fees

Tax Description OAKLAND ADD LOTS 12 BLK 2
Legal Description OAKLAND ADD LOTS 12 BLK 2
Listing Agency: Endless Horizons Realty Inc
Listed By: Amber M Carpenter · License #3412747
Added: Sep 24 Last Checked: Sep 25 at 4:06AM
MLS# 1012634

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.

Investment Insights

Based on property information with market context.

This apartment property contains 10 units, each arranged with one bedroom and one bathroom. The parcel encompasses 0.32 acres.

The property is at 14 NW Cape Drive in Fort Walton Beach, Florida, 32548.

Key Highlights

  • 10 apartment units, each with one bedroom and one bathroom
  • 0.32‑acre parcel at 14 NW Cape Drive in Fort Walton Beach

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Electrical Service Butcher Locksmith Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

563
Businesses Nearby

Demographics for 32548, FL

22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Each residence has a one-bedroom, one-bathroom layout.
Where is this apartment building located?
The property is located at 14 NW Cape Drive Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 10 apartment units, each with one bedroom and one bathroom; 0.32‑acre parcel at 14 NW Cape Drive in Fort Walton Beach
More about this property
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