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    206 Stokes Ave NW Fort Walton Beach, FL 32548

    Source: https://www.saltercompany.com
    For Sale
    $725,000

    7,200 SF Light Industrial; 6 Units

    Property size:
    7,200 SF

    Description

    Added:
    Feb 12, 2025
    Days on Market:
    298
    This exceptional 7,200 square foot light industrial property, located at 206 Stokes Ave NW in Fort Walton Beach, Florida, 32548, presents a unique investment opportunity. The complex comprises three buildings, each offering 2,400 square feet and subdivided into six individual 1,200 square foot units. Currently, two of the buildings are under month-to-month leases, while the central building is available for immediate occupancy. Situated on a 0.82-acre lot, this property benefits from its location within a rapidly growing area of Fort Walton Beach. Nearby developments include a significant DR Horton residential project at Lovejoy Rd and Hill Ave, a new Frito Lay distribution center on Lovejoy Rd, expanding businesses on Anchors Street, and a new extended-stay hotel on MLK. This prime location offers excellent potential for future growth and strong rental income. The property's layout and individual unit sizes provide flexibility for a variety of uses, making it an attractive option for investors seeking a diversified portfolio or owner-occupants looking for expansion space. This is a rare opportunity to acquire a well-positioned light industrial property in a thriving market.

    Property Features for 206 Stokes Ave NW

    General Information

    Property type
    Other industrial properties
    Square Feet
    7,200 SF
    Price / Square Foot
    $100
    Elevators
    N/A
    Lot Size
    35,719 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • 7,200 square feet of light industrial space in Fort Walton Beach, FL.
    • Six 1,200 sq ft units available, ideal for multiple tenants or owner‑occupancy.
    • Located in a rapidly growing area with new residential and commercial developments nearby.
    Insight Report Location Intelligence

    Current Use by Public Records

    Impact Custom Clothing Screen Printing Shop Tansey Automotive Auto Repair Shop Able Railing & Welding Welder

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    State
    Florida
    Longitude
    -86.671179
    Latitude
    30.42552

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    FAQs

    What type of property is this?
    Industrial property - 7,200 SF Light Industrial; 6 Units
    Where is this industrial property located?
    The property is located at 206 Stokes Ave NW Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 7,200 square feet of light industrial space in Fort Walton Beach, FL.; Six 1,200 sq ft units available, ideal for multiple tenants or owner-occupancy.; Located in a rapidly growing area with new residential and commercial developments nearby.
    (850) 564-0120
    Request Owner's contact information
    206 Stokes Ave NW Fort Walton Beach, FL 32548
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    Fort Walton Beach, FL 32548
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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
    206 Stokes Ave NW Fort Walton Beach, FL 32548
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