Mixed-Use Property with
For Sale
$420,000
Pending
107 SE Beal Parkway, Fort Walton Beach, FL 32548
Commercial for Sale, Fort Walton Beach, FL
Property Size1,699 SF
Lot Size0.13 Acres
Days on Market36
Property Features for 107 SE Beal Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Eglin Parkway (US-98), turn south onto Beal Parkway SE. Continue approximately 0.3 miles. Property will be on the left at 107 SE Beal Pkwy.
Subdivision
12 - Fort Walton Beach
Standard status
Pending
APN
13-2S-24-1050-000C-0090
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
Gibson Add Lot 9 Blk C
Legal Description
Gibson Add Lot 9 Blk C
Listing Agency:
Coastal Realty Services
(850) 244-2100
Listed By:
Roxana D Malaga · License #3592153
(850) 797-2987
Added: Aug 15
Changed: Sep 12
Last Checked: Sep 19 at 2:06PM
MLS# 1009951
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.
Investment Insights
Based on property information with market context.
Constructed in 2021, this approximately 1,699-square-foot property occupies a 0.13-acre site and is configured with three bedrooms, two bathrooms, an open-concept interior, an indoor laundry room, and an attached two-car garage. The existing residential layout is well maintained and may support residential occupancy, professional office use, or another compatible business application subject to MX-1 zoning requirements and 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. Its mixed-use zoning and current residential configuration provide a flexible foundation for the permitted use selected by the buyer.
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. Its mixed-use zoning and current residential configuration provide a flexible foundation for the permitted use selected by the buyer.
Key Highlights
- MX‑1 mixed‑use zoning allows residential and compatible commercial applications subject to approvals
- Approximately 1,699 square feet on a 0.13‑acre site
- Built in 2021 with a modern open‑concept floor plan
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,724
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-1 zoning supports residential use and compatible commercial applications subject to required 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 allows residential and compatible commercial applications subject to approvals; Approximately 1,699 square feet on a 0.13‑acre site; Built in 2021 with a modern open‑concept floor plan
