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    311 Racetrack Road NW Fort Walton Beach, FL 32547

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $1,650,000

    Fully renovated, 19,000+ SF flex space. Excellent location.

    Property size:
    19,821 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    335
    This exceptional 19,821 square foot flex space, situated at 311 Racetrack Road NW in Fort Walton Beach, Florida, 32547, presents a unique investment opportunity. The property boasts a substantial 14,000+ square feet of warehouse space, perfectly complemented by over 4,000 square feet of office and showroom areas. Recently and completely renovated, this building features a brand-new roof, siding, windows, and overhead doors, ensuring both functionality and aesthetic appeal. The expansive 0.69-acre lot provides ample space for operations and potential expansion. Its convenient location offers easy access and high visibility, making it ideal for a diverse range of businesses. The property is priced at $1,650,000. This is a rare chance to acquire a fully modernized, versatile commercial space in a thriving Florida market. Don't miss this opportunity to own a prime piece of Fort Walton Beach real estate. Contact us today to schedule a showing.

    Property Features for 311 Racetrack Road NW

    General Information

    Property type
    Flex space
    Square Feet
    19,821 SF
    Price / Square Foot
    $83
    Elevators
    N/A
    Lot Size
    30,013 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    HighLights

    • Fully renovated 19,000+ sq ft flex space in prime Fort Walton Beach location.
    • Features over 14,000 sq ft of warehouse space and 4,000+ sq ft of office/showroom.
    • $1,650,000 asking price; 0.69 acres with excellent visibility and easy access.
    Location Intelligence

    Current Use by Public Records

    Pep Boys Tire Shop Book and Game Emporium Comic Book Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    State
    Florida
    Longitude
    -87.200264
    Latitude
    30.536143

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    FAQs

    What type of property is this?
    Flex space - Fully renovated, 19,000+ SF flex space. Excellent location.
    Where is this flex space located?
    The property is located at 311 Racetrack Road NW Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Fully renovated 19,000+ sq ft flex space in prime Fort Walton Beach location.; Features over 14,000 sq ft of warehouse space and 4,000+ sq ft of office/showroom.; $1,650,000 asking price; 0.69 acres with excellent visibility and easy access.
    (850) 564-0120
    Request Owner's contact information
    311 Racetrack Road NW Fort Walton Beach, FL 32547
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    Fort Walton Beach, FL 32547
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Racetrack Road NW Fort Walton Beach, FL 32547
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