Medical Office Suite Opportunity

1013 Marwalt Drive D Fort Walton Beach, FL 32547

Claim this Listing
For Sale
$400,000

Office suite with multiple work areas and reception potential, offering convenient client and staff access in Fort Walton Beach.

Property size:
2,500 SF
Price / SF:
$160/SF
Added:
Jun 30, 2026
Days on Market:
12
Last Refresh:
Jul 1 at 5:11 am

Property Features for 1013 Marwalt Drive D

General Information

Standard status
Active
Size
2,500 SF

Listing office

Listing date Jun 30, 2026

Source Stagerightgroup.idxbroker

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 commercial office suite offers 2,500 square feet of functional space arranged with multiple work areas and reception potential. The layout is suited to a range of professional services, including medical or other small business uses, where a defined front-of-house presence is helpful for client intake and waiting.

Located at 1013 Marwalt Drive D in Fort Walton Beach, the property is described as being in a well-traveled area with strong visibility and accessibility. The offering also notes that other units at this location are available, which can support multi-suite requirements or phased occupancy planning.

For owner-occupants, the space’s combination of work areas and reception-friendly layout supports day-to-day operations for a practice, office team, or professional service provider. For investors, the property is presented as an affordable commercial office option with multiple available units at the same site, offering flexibility for tenanting strategies around professional and medical-oriented businesses.

Key Highlights

  • 2,500 SF commercial office suite at 1013 Mar Walt Drive in Fort Walton Beach
  • Asking price listed at $400,000 for this office space
  • Functional layout with multiple work areas and reception potential

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $52.5k $21.00
− Vacancy −$9.5k −$3.78
EGI $43.1k $17.22
− OpEx −$10.8k −$4.31
NOI $32.3k $12.92
2,500 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$461.3K
$403.6K – $538.1K (±1% cap)
NOI $32,288 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$402.8K
$352.4K – $469.9K (±1% cap)
NOI $28,193 @ 7.0% cap · market cap 7.05%
Theoretical Best
Specialty Retail
$963.4K
$843.0K – $1.12M (±1% cap)
NOI $67,439 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

sxr medical llc ... Medical Clinic SXR Medical Pediatrician Paul J. Kalin, ... Physician Emerald Touch Spa Spa & Massage Center Paul Ju Kalin Physician

Suggested Use

Real Estate Agency Dental Office Building Supply Restaurant Hair Salon Big Box & Wholesale Store Spa & Massage Center Law Firm Storage Facility Parking Lot & Garage

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

FAQs

What type of property is this?
Office units - Office suite with multiple work areas and reception potential, offering convenient client and staff access in Fort Walton Beach.
Where is this office units located?
The property is located at 1013 Marwalt Drive D Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,500 SF commercial office suite at 1013 Mar Walt Drive in Fort Walton Beach; Asking price listed at $400,000 for this office space; Functional layout with multiple work areas and reception potential
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