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

    401 Mary Esther Blvd Mary Esther, FL 32569

    View on Map
    Picture of Other retail properties at 401 Mary Esther Blvd, Mary Esther, FL
    For Lease
    $18 SF/Yr

    +/- 6,000 SF Retail Space For Lease

    Added:
    Mar 10, 2025
    Days on Market:
    408
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 401 Mary Esther Blvd

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Retail properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Rate Type
    Yearly

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Mar 10, 2025

    Overview

    Prime Retail Space in Mary Esther

    This retail space, totaling approximately 6,000 square feet, is located in Mary Esther, Florida. Situated at the signalized intersection of Mary Esther Boulevard, the property benefits from high visibility and traffic, with 24,500 AADT. Constructed in 1998, the building includes two roll-up doors and ample parking. Previously occupied by a Cash America Pawn shop, the space is suitable for a variety of retail uses. The property is offered on a NNN lease. The retail center includes co-tenants such as Game Stop and a Cell Phone Repair shop. The property's location on Mary Esther Boulevard in Okaloosa County, Florida, zip code 32569, ensures accessibility for customers and employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greenpath Debt Counseling Law Firm Cash America Pawn Discount Store GameStop Arcade & Gaming Center Xi Beauty & Hair ... (Bike/Boat/Book/etc) Store Re-Sale Financial LLC Business To Business Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mary Esther
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.652868
    Latitude
    30.417876

    Nearby Similar for Lease

    • $22/mo

      Retail Space in Dolphin Plaza

      Retail and restaurant spaces available in high-traffic Mary Esther location.
      421 Mary Esther Blvd, Mary Esther, FL 30339
      View Details
    • Contact for pricing

      Renovated Office and Flex Space

      9,000 SF flex space with renovated office component.
      481 Mary Esther Blvd, Mary Esther, FL
      View Details
    • Contact for pricing

      Retail End Unit Available

      Retail end unit available in a highly visible outparcel.
      330 Mary Esther Blvd, Mary Esther, FL
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Boutique office space in a prime location for lease.
      151 Mary Esther Blvd #304, Mary Esther, FL 32569
      View Details
    • Contact for pricing

      Spacious Office Suite For Rent

      Office suite featuring reception area, five offices, and breakroom.
      151 Mary Esther Boulevard #509, Mary Esther, FL 32569
      View Details
    • Contact for pricing

      Retail Space Near Santa Rosa Mall

      Retail space available across from Santa Rosa Mall.
      481 Mary Esther Boulevard, Mary Esther, FL 32569
      View Details
    • Contact for pricing

      Retail End Unit Available

      Retail space available in a highly visible outparcel.
      330 Mary Esther Boulevard, Mary Esther, FL 32569
      View Details
    • $15/mo

      1,077 SF Office For Lease - 124 Highway 98 - 402

      1,077 SF office space in Mary Esther, Florida.
      124 Hwy 98, Mary Esther, FL 32569
      View Details
    • Contact for pricing

      Office/Retail Space For Rent

      Office and retail space available for lease.
      151 Mary Esther Boulevard #510, Mary Esther, FL 32569
      View Details
    • $18/mo

      Retail Space on Mary Esther

      Retail space available in a high-traffic location.
      401 Mary Esther Blvd, Mary Esther, FL
      View Details

    FAQs

    What type of property is this?
    Other retail property - +/- 6,000 SF Retail Space For Lease
    Where is this other retail property located?
    The property is located at 401 Mary Esther Blvd Mary Esther, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    (850) 434-3434
    We can help!
    Listing Contact
    Paul Salter
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!