Professional Office
For Sale
$200,000
1013 Marwalt Drive B, Fort Walton Beach, FL 32547
Office suite with multiple work areas and client-facing reception space, offered for sale as an owner-occupant or investment option.
Property Size1,200 SF
Price / SF$166.67
Days on Market73
Property Features for 1013 Marwalt Drive B
General Information
Standard status
Active
Size
1,200 SF
Class
Office
Additional Details
Asking Price
$200,000
Listed By:
Brian and Mel Marshall
(850) 852-7653
Source:
Stagerightgroup.idxbroker
Added: Jul 28
Changed: Oct 2
Last Checked: Oct 7 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian and Mel Marshall
Investment Insights
Based on property information with market context.
This for-sale office suite offers a functional interior layout with multiple work areas and space suitable for a reception setup. The property is presented as a commercial real estate opportunity tailored to professional services, medical, or small business uses.
The building is located at 1013 Mar Walt Dr in Fort Walton Beach, in a well-traveled area with convenient access for clients and staff. The offering emphasizes visibility and accessibility for those visiting the space.
The suite configuration is designed to support front-desk interaction alongside separate work areas, making it practical for day-to-day operations. Size is listed as 1,200 square feet.
The building is located at 1013 Mar Walt Dr in Fort Walton Beach, in a well-traveled area with convenient access for clients and staff. The offering emphasizes visibility and accessibility for those visiting the space.
The suite configuration is designed to support front-desk interaction alongside separate work areas, making it practical for day-to-day operations. Size is listed as 1,200 square feet.
Key Highlights
- Office suite for sale at 1013 Mar Walt Drive, Fort Walton Beach
- 1,200 SF commercial space offered at $200,000
- Includes multiple work areas plus client‑facing reception 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
Healthcare Medical
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 6.77%
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with multiple work areas and client-facing reception space, offered for sale as an owner-occupant or investment option.
Where is this office units located?
The property is located at 1013 Marwalt Drive B 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: Office suite for sale at 1013 Mar Walt Drive, Fort Walton Beach; 1,200 SF commercial space offered at $200,000; Includes multiple work areas plus client‑facing reception potential
