Mixed-Use Property with
New
For Sale
$420,000
107 SE Beal Parkway, Fort Walton Beach, FL 32548
MX-1 zoning supports residential and compatible commercial uses, subject to applicable approvals.
Property Size1,699 SF
Price / SF$247.20
Days on Market6
Property Features for 107 SE Beal Parkway
General Information
Standard status
Active
Size
1,699 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
MX-1
Building Details
Year Built
2021
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
COASTAL REALTY SERVICES
(850) 244-2100
Listed By:
ROXANA D MALAGA · License #3592153
Source:
Corcoran
Added: Aug 15
Changed: Aug 18
Last Checked: Aug 20 at 6:34AM
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 COASTAL REALTY SERVICES
Investment Insights
Based on property information with market context.
Built in 2021, this approximately 1,699-square-foot mixed-use property is configured as a three-bedroom, two-bathroom residence with an open-concept floor plan. The improvements include an attached two-car garage and indoor laundry room. Its existing layout may also support professional office use or another compatible business use, subject to MX-1 zoning requirements and approvals. The property is tenant occupied.
Located at 107 SE Beal Parkway in Fort Walton Beach, the property is near shopping, dining, schools, medical facilities, parks, Hurlburt Field, Eglin Air Force Base, downtown Fort Walton Beach, and the Emerald Coast beaches. Buyers should verify intended uses, zoning requirements, and applicable approvals.
Located at 107 SE Beal Parkway in Fort Walton Beach, the property is near shopping, dining, schools, medical facilities, parks, Hurlburt Field, Eglin Air Force Base, downtown Fort Walton Beach, and the Emerald Coast beaches. Buyers should verify intended uses, zoning requirements, and applicable approvals.
Key Highlights
- MX‑1 mixed‑use zoning with residential and compatible commercial use potential
- Approximately 1,699 square feet built in 2021
- Three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,860
$412.9K
Cap Rate 7%
$294,900
$294.9K
Cap Rate 9%
$229,367
$229.4K
Market Conditions
NOI Build-Up for 1,699 SF
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.
Gross rent
$36.7K $21.60/SF
− Vacancy
−$3.7K −$2.16/SF
EGI
$33.0K $19.44/SF
− OpEx
−$12.4K −$7.29/SF
NOI
$20.6K $12.15/SF
Area
Okaloosa County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,860
Cap Rate 7%
$294,900
Cap Rate 9%
$229,367
Alternative Uses
Best Use
Mixed Use
$294.9K
$258.0K – $344.1K
NOI $20,643 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Explore this area
Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-1 zoning supports residential and compatible commercial uses, subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 107 SE Beal Parkway Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: MX‑1 mixed‑use zoning with residential and compatible commercial use potential; Approximately 1,699 square feet built in 2021; Three bedrooms and two bathrooms
