Fort Walton Beach Flex
For Sale
$1,015,000
107 Truxton Ave, Fort Walton Beach, FL 32547
8700 SF flex space with office and warehouse.
Property Size8,700 SF
Lot Size0.44 Acres
Price / SF$116.67
Days on Market449
Property Features for 107 Truxton Ave
General Information
Standard status
Active
Size
8,700 SF
Lot size
0.44 Acres
Property subtype
Commercial
Listing Agency:
NBI Properties Inc
Listed By:
Craig S Barrett · License #3294646
(850) 243-0007
Source:
Emeraldcoasthomefinder
Added: Jul 22, 2025
Changed: Oct 1
Last Checked: Oct 12 at 7:56PM
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 NBI Properties Inc
Investment Insights
Based on property information with market context.
This 8700 SF flex space property features a 4000 SF office area with two restrooms and showers. The warehouse portion includes two 14' x 16' electric rollup doors and 22' ceilings, and is heated. A fenced-in yard with an electric gate provides added security. The property is located off Racetrack Road in Fort Walton Beach, FL. A new roof was installed in 2021. An additional parcel of 0.44 acres is included.
Key Highlights
- 8700 SF Flex space with 4000 SF office
- Warehouse boasts two 14' x 16' electric rollup doors and 22' ceilings
- Fenced‑in yard with electric gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,032
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,640
$900.6K
Cap Rate 7%
$643,314
$643.3K
Cap Rate 9%
$500,356
$500.4K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$67.9K $7.80/SF
− Vacancy
−$3.5K −$0.41/SF
EGI
$64.3K $7.39/SF
− OpEx
−$19.3K −$2.22/SF
NOI
$45.0K $5.18/SF
Area
Okaloosa County, FL
Vacancy
5.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,640
Cap Rate 7%
$643,314
Cap Rate 9%
$500,356
Alternative Uses
Best Use
Flex RnD
$1.37M
$1.20M – $1.59M
NOI $95,683 @ 7.0% cap · market cap 9.43%
Second Best
Industrial
$643.3K
$562.9K – $750.5K
NOI $45,032 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,689 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 8700 SF flex space with office and warehouse.
Where is this flex space located?
The property is located at 107 Truxton Ave Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,015,000.
What are key features of this property?
This property features: 8700 SF Flex space with 4000 SF office; Warehouse boasts two 14' x 16' electric rollup doors and 22' ceilings; Fenced‑in yard with electric gate
