Flex Space with Fenced
For Sale
$1,015,000
107 Truxton Avenue, Fort Walton Beach, FL 32547
Commercial for Sale, Fort Walton Beach, FL
Property Size8,700 SF
Price / SF$116.67
Days on Market909
Property Features for 107 Truxton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located off of Racetrack Road on Truxton
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
02-2S-24-0000-0013-0000 , 02-2S-24-0000-0013-0000
Taxes and HOA fees
Tax Description
BEG 814 FT W & 461.37 FT S OF NE COR NE1/4 S 75 FT E 151.04 FT N 75 FT W 151.04 FT TO BEG
Legal Description
BEG 814 FT W & 461.37 FT S OF NE COR NE1/4 S 75 FT E 151.04 FT N 75 FT W 151.04 FT TO BEG
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Craig S Barrett · License #3294646
(850) 217-0303
Added: Apr 12, 2024
Changed: Oct 1
Last Checked: Oct 7 at 12:06PM
MLS# 947180
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.
This 8,700-square-foot flex property combines warehouse and office improvements in a functional commercial configuration. The warehouse offers 22-foot ceilings, heating, and two electric roll-up doors measuring 14 feet by 16 feet. A 4,000-square-foot office area includes two restrooms and showers, supporting both administrative and operational needs. The building received a new roof in 2021.
A fenced yard with an electric gate provides secured outdoor space. The property is positioned off Racetrack Road in Fort Walton Beach, Florida, and includes a second parcel totaling 0.44 acres.
A fenced yard with an electric gate provides secured outdoor space. The property is positioned off Racetrack Road in Fort Walton Beach, Florida, and includes a second parcel totaling 0.44 acres.
Key Highlights
- 8,700 SF flex space with 22‑foot warehouse ceilings
- Two electric roll‑up doors, each measuring 14' x 16'
- 4,000 SF office area with 2 restrooms and showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,136
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,720
$1.2M
Cap Rate 7%
$844,800
$844.8K
Cap Rate 9%
$657,067
$657.1K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$73.1K $8.40/SF
− Vacancy
−$3.5K −$0.40/SF
EGI
$69.6K $8.00/SF
− OpEx
−$10.4K −$1.20/SF
NOI
$59.1K $6.80/SF
Area
Okaloosa County, FL
Vacancy
4.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,720
Cap Rate 7%
$844,800
Cap Rate 9%
$657,067
Alternative Uses
Best Use
Flex RnD
$1.37M
$1.20M – $1.59M
NOI $95,683 @ 7.0% cap · market cap 9.43%
Second Best
Warehouse
$844.8K
$739.2K – $985.6K
NOI $59,136 @ 7.0% cap · market cap 5.83%
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.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Fenced yard
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 - Heated warehouse space includes substantial office improvements, showers, and controlled yard access.
Where is this flex space located?
The property is located at 107 Truxton Avenue 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: 8,700 SF flex space with 22‑foot warehouse ceilings; Two electric roll‑up doors, each measuring 14' x 16'; 4,000 SF office area with 2 restrooms and showers
