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    Mixed-Use Development Lot with Plans Title is generated by Realmo AI

    1 SE Birch Street, Fort Walton Beach, FL 32548

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    For Sale
    $115,000

    LAND - Fort Walton Beach, FL

    Lot size:
    0.13 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 1 SE Birch Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial, Resid Single
    Standard status
    Active
    APN
    13-2S-24-1050-000C-0100
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Gibson Add Lot 10 Blk C Less Corner Taken By Dot As Per Or 489-211
    Tax Annual Amount
    1126

    We can help!

    Listing Contact
    Roxana D Malaga

    Listing agent Roxana D Malaga License #3592153

    Listing office Coastal Realty Services 111 Beal Pkwy SE, Fort Walton Beach, FL

    Listing date Jun 2, 2026

    MLS# 1004495 Listing URL

    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.

    HighLights

    • Vacant commercial/residential lot at 1 SE Birch St in Fort Walton Beach
    • Zoned for both commercial and residential use
    • READY‑TO‑BUILD approved plans included for a 3‑bedroom single‑family home
    • Plans and zoning support multiple development options such as office, boutique retail, coffee shop, professional services, live/work, or residential
    • Located in a growing Fort Walton Beach area with convenient access to downtown, shopping, dining, and major roadways

    Overview

    This is a vacant commercial/residential lot offered as a flexible development opportunity. The property includes ready-to-build, approved plans for a 3-bedroom single-family home, providing a clear path to construction. With zoning that supports both commercial and residential use, the site offers multiple development directions, including office space, boutique retail, a coffee shop, professional services, a live/work concept, or residential development.

    Located at 1 SE Birch Street in Fort Walton Beach, the property is described as having excellent visibility and convenient access to downtown, shopping, dining, and major roadways. It is positioned in a growing, high-demand area, and is noted as being just minutes from Okaloosa Island beaches and Eglin Air Force Base, with nearby schools, parks, and other local amenities.

    For investors, builders, business owners, or end users seeking development flexibility, this site can support a range of mixed-use or single-use plans aligned with its commercial and residential zoning. The inclusion of approved home plans may appeal to buyers who want to move forward with a residential build, while the commercial-residential designation supports a longer-term strategy for income-producing or service-oriented uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.612805
    Latitude
    30.4081

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    FAQs

    What type of property is this?
    Commercial land - Vacant lot zoned commercial and residential, with ready-to-build approved plans for a 3-bedroom home included.
    Where is this commercial land located?
    The property is located at 1 SE Birch Street Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: Vacant commercial/residential lot at 1 SE Birch St in Fort Walton Beach; Zoned for both commercial and residential use; READY‑TO‑BUILD approved plans included for a 3‑bedroom single‑family home
    (850) 797-2987
    We can help!
    Listing Contact
    Roxana D Malaga
    Real Estate License ID: 3592153
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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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