Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    437 Jonquil Ave NW Fort Walton Beach, AL 32548

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $20 SF/Yr ($6,666 /Mo)

    4,000 sq ft retail space, excellent location.

    Lot size:
    4,000 SF

    Property Features for 437 Jonquil Ave NW

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    4,000 SF
    USF (Usable sq. ft)
    4,000 SF
    Elevators
    N/A
    Total Rate
    6666.67

    Amenities

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1

    Overview

    Retail Space in Sun Village

    Located in Fort Walton Beach, Alabama, a 4,000 sq ft retail space is available for lease. The property is situated within the Sun Village shopping center, a 10,000 sq ft center with convenient access. The space benefits from a highly visible position within a thriving retail hub and enjoys proximity to major national retailers including Publix, Chipotle, and 2nd & Charles. The space has recently undergone significant improvements, featuring fresh paint, updated lighting, and enhanced landscaping. The parking lot is also scheduled for resurfacing. The property is ideal for a variety of retail uses and offers the advantage of being situated in the heart of Fort Walton Beach's retail district, providing easy access to a large customer base and a wealth of amenities.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 4,000 sq ft retail space available in Fort Walton Beach, AL.
    • Located in Sun Village center near Publix, Chipotle, and more.
    • Recently renovated with new paint, lighting, landscaping, and parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IGLESIA C. PENTECOSTES ... Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    State
    Alabama
    Longitude
    -86.646327
    Latitude
    30.42573

    Nearby Comparable

    • $1,095 /Mo

      Second Floor Office Space Available

      Office space with open area, private offices, restrooms, parking.
      428 Mary Esther Cut Off, Fort Walton Beach, FL 32548
      View Details
    • $1,095 /Mo

      Second Floor Office Space Available

      Office space with parking, reception, offices, and restrooms.
      428 Mary Esther Cut Off, Fort Walton Beach, FL 32548
      View Details
    • Contact for pricing
      25,158 SF

      Longhorn Plaza Retail Space

      Ft. Walton Beach Retail Opportunity
      550 Mary Esther Cut Off, Fort Walton Beach, FL 32548
      View Details
    • $42 SF/Yr
      5,145 SF

      Restaurant Space in Fort Walton

      Prime restaurant space for lease in Fort Walton Beach, FL.
      402 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548
      View Details
    • Contact for pricing

      Retail Space on Busy Corridor

      Retail space for lease near military base and technology park.
      550 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548
      View Details
    • $17,330 /Mo

      Versatile Warehouse and Office Space

      Warehouse and office space suitable for logistics, manufacturing, or investment.
      627 NW Anchors St, Fort Walton Beach, FL 32548
      View Details
    • $9,000 /Mo
      18,080 SF

      Renovated Office and Flex Space

      9,000 SF flex space with renovated office component.
      481 Mary Esther Blvd, Mary Esther, FL 32569
      View Details
    • $3,248 /Mo

      Office Space with Multiple Offices

      Office space featuring multiple offices, reception, and restrooms.
      362 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $20 SF/Yr
      3,271 SF

      Fort Walton Beach Office Building

      3,271 SF Office, High Visibility
      355 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $20 SF/Yr
      3,171 SF

      Fort Walton Beach Office Building

      3,271 SF office building for lease in Florida.
      355 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $21 SF/Yr
      2,650 SF

      Gulf Breeze Medical Office Suite B

      Modern Medical Office Space Available
      41 Fairpoint Dr, Gulf Breeze, FL 32561
      View Details

    FAQs

    What type of property is this?
    Other retail property - 4,000 sq ft retail space, excellent location.
    Where is this other retail property located?
    The property is located at 437 Jonquil Ave NW Fort Walton Beach, AL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 243-0007
    Request Owner's contact information
    437 Jonquil Ave NW Fort Walton Beach, AL 32548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    437 Jonquil Ave NW
    Fort Walton Beach, AL 32548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    437 Jonquil Ave NW Fort Walton Beach, AL 32548
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Salter
    (850) 243-0007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!