Operating Restaurant with Included
For Sale
$3,200,000
1025 Industrial Drive, Crestview, FL 32539
Commercial for Sale, Crestview, FL
Property Size7,140 SF
Lot Size1.56 Acres
Price / SF$448.18
Days on Market295
Property Features for 1025 Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located corner of Industrial Drive and N Ferdon ( Hwy 85 N)
Subdivision
25 - Crestview Area
Standard status
Active
APN
04-3N-23-1840-0009-001A
Lot size
1.56 Acres
Taxes and HOA fees
Tax Description
04-3N-23-1840-0009-001A
Legal Description
04-3N-23-1840-0009-001A
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
James E Nabors · License #3104014
(850) 420-1111
Added: Jan 6
Changed: Oct 1
Last Checked: Oct 28 at 6:06PM
MLS# 992248
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 7,140 SF restaurant facility is currently operating as El Paso Tacos and Tequila. Furniture, fixtures, and equipment convey with the property, providing an existing operational setup within the building. The restaurant occupies a 1.56-acre parcel and is configured as a complete dining establishment.
The property is located at 1025 Industrial Drive in Crestview, Florida, within Okaloosa County. Its current operation, included FFE, building size, and acreage provide a defined commercial restaurant offering for continued restaurant use or evaluation by a new operator.
The property is located at 1025 Industrial Drive in Crestview, Florida, within Okaloosa County. Its current operation, included FFE, building size, and acreage provide a defined commercial restaurant offering for continued restaurant use or evaluation by a new operator.
Key Highlights
- 7,140 SF operating restaurant facility
- Currently operating as El Paso Tacos and Tequila
- Furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,606
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,852,120
$3.9M
Cap Rate 7%
$2,751,514
$2.8M
Cap Rate 9%
$2,140,067
$2.1M
Market Conditions
NOI Build-Up for 7,140 SF
Gross rent
$264.8K $37.08/SF
− Vacancy
−$7.9K −$1.11/SF
EGI
$256.8K $35.97/SF
− OpEx
−$64.2K −$8.99/SF
NOI
$192.6K $26.98/SF
Area
Okaloosa County, FL
Vacancy
3.00%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,852,120
Cap Rate 7%
$2,751,514
Cap Rate 9%
$2,140,067
Alternative Uses
Best Use
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,606 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 16%
SONIC Drive In
Dining
12,855 visits/mo
0.4 miles
Taco Bell
Dining
10,670 visits/mo
0.4 miles
Waffle House
Dining
7,170 visits/mo
0.2 miles
Little Caesars Pizza
Dining
4,888 visits/mo
0.1 miles
Shell
Shops & Services
4,162 visits/mo
0.5 miles
Demographics for 32539, FL
31,749
Population
12,642
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
127.9 sq mi
ZIP Area
248
Density / Sq Mi
$72,521
Median Household Income
$40,064
Median Earnings
$1,323
Median Rent
$272,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Hola' Tacos — 1212 N Ferdon Blvd, Crestview, FL 32536
Frequently Asked Questions
What type of property is this?
Restaurant - Operating restaurant facility with furniture, fixtures, and equipment included.
Where is this restaurant located?
The property is located at 1025 Industrial Drive Crestview, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 7,140 SF operating restaurant facility; Currently operating as El Paso Tacos and Tequila; Furniture, fixtures, and equipment included
