Office Unit with 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 Market259
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 26
Changed: Oct 1
Last Checked: Nov 11 at 12:06AM
MLS# 996336
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 at 1013 Mar Walt Drive provides a practical commercial layout with multiple work areas and room for a reception area. The property is positioned in a well-traveled area of Fort Walton Beach with access described as convenient for clients and staff.
The space is identified as suitable for professional services, medical use, or a small business. Additional units are also available at the property, providing further office-space options within the same setting.
The space is identified as suitable for professional services, medical use, or a small business. Additional units are also available at the property, providing further office-space options within the same setting.
Key Highlights
- 1,200‑square‑foot office unit at 1013 Mar Walt Drive
- Layout includes multiple work areas
- 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.
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Property Analytics
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Open Analytics
Current Use
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
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 space with reception potential and convenient client and staff 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‑square‑foot office unit at 1013 Mar Walt Drive; Layout includes multiple work areas; Reception area potential
