Office Unit with Multiple Work
1013 Marwalt Drive, Fort Walton Beach, FL 32547
For Sale
$200,000
Commercial for Sale, Fort Walton Beach, FL
Property Size1,200 SF
Price / SF$166.67
Days on Market266
Property Features for 1013 Marwalt Drive
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Taxes and HOA fees
Tax Description
Legal Description
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
James E Nabors · License FL #3104014
(850) 420-1111
Added: Feb 19
Changed: Oct 1
Last Checked: Nov 11 at 12:06AM
MLS# 995709
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.
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office unit in Fort Walton Beach offers a practical commercial layout with multiple work areas and space suitable for a reception area. The configuration can accommodate professional services, medical operations, or other small-business uses identified for the property.
Additional units are available within the same property, providing flexibility for businesses evaluating different office configurations. The property is located in Fort Walton Beach, Florida, with access described as convenient for clients and staff.
Additional units are available within the same property, providing flexibility for businesses evaluating different office configurations. The property is located in Fort Walton Beach, Florida, with access described as convenient for clients and staff.
Key Highlights
- 1,200 SqFt office unit in Fort Walton Beach
- Multiple work areas within the commercial layout
- Reception area potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,498
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,960
$310.0K
Cap Rate 7%
$221,400
$221.4K
Cap Rate 9%
$172,200
$172.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$4.5K −$3.78/SF
EGI
$20.7K $17.22/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.5K $12.92/SF
Area
Okaloosa County, FL
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,960
Cap Rate 7%
$221,400
Cap Rate 9%
$172,200
Alternative Uses
Best Use
Office B
$221.4K
$193.7K – $258.3K
NOI $15,498 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Fort Walton Beach, FL
Properties on Market for Office Units in Fort Walton Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Functional commercial layout with reception potential and convenient client access.
Where is this office unit located?
The property is located at 1013 Marwalt Drive Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,200 SqFt office unit in Fort Walton Beach; Multiple work areas within the commercial layout; Reception area potential
