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    700 N Palm Blvd Niceville, FL 32578

    For Sale
    $1,500,000

    Apartment - Niceville, FL

    Type:Apartment
    Days on Market:
    14
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 700 N Palm Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    051S22256B00150080
    Parking features
    Guest

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    8
    Architectural style
    Other

    Florida Investment Group LLC dba Keller Williams Realty Gulf Coast (850) 471-5000 [email protected]

    Listing agent Andy Powell (850) 471-5029

    Listing date Nov 24, 2025

    MLS# 674157 Listing URL

    Copyright © 2025 Pensacola 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.

    Overview

    Niceville 8-Unit Apartment Complex

    This well-maintained 8-unit apartment complex presents an opportunity for rental income and future growth. The property comprises two buildings connected by a breezeway. Each unit includes 2 bedrooms, 1 full bath, a living room, a dining area, and a kitchen equipped with an electric oven, pantry, and refrigerator. Four units are currently tenant-occupied with varying lease terms, providing immediate income. The property's lot size allows for expansion up to 15 total units, accommodating another apartment building, townhomes, or single-family homes. Located near Northwest Florida State College and medical facilities, the property benefits from strong demand for rental housing. This property is an investment with potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Niceville
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.473295788
    Latitude
    30.532304955

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained apartment complex with income and development potential.
    Where is this apartment building located?
    The property is located at 700 N Palm Blvd Niceville, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Development Potential: Generously sized lot allows expansion up to 15 units with options for additional apartment buildings, townhomes, or single-family homes.; - Income-Generating: Four units are currently tenant-occupied, providing immediate rental income.; - Prime Location: Situated near Northwest Florida State College and medical facilities, ensuring strong rental demand.
    (850) 471-5029
    Request Owner's contact information
    700 N Palm Blvd Niceville, FL 32578
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    Niceville, FL 32578
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    Realmo Value Estimation

    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.

    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.

    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
    700 N Palm Blvd Niceville, FL 32578
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