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    843 Eglin Pkwy Fort Walton Beach, FL 32547

    For Sale
    $1,299,000

    Prime 1.18-acre commercial land near Eglin Air Force Base.

    Property size:
    1 SF
    Lot size:
    1.18 Acres

    Property Features for 843 Eglin Pkwy

    General Information

    Size
    1 SF
    Lot size
    1.18 Acres

    Source: Harry Bell Jr. Agent Harry Bell Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eglin Parkway Commercial Development Opportunity

    This commercial land offers approximately 1.18 acres with 78 feet of frontage on Eglin Parkway. The property benefits from a location along Eglin Parkway, which experiences a traffic count of 46,500 AADT. Situated adjacent to the TownePlace Suites by Marriott, the property is zoned Mixed Use (MU), providing a versatile foundation for various potential uses. It is located a short 4-minute drive from Eglin Air Force Base (EAFB). Eglin Air Force Base employs 4,500 active-duty members and 8,500 civilians. The property is located in Fort Walton Beach, between Pensacola and Panama City. The area is characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Hurlburt Field has 10,782 active-duty military personnel and 1,316 civilian employees. New projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development to the city. This location is one mile from the Eglin Air Force Base and has Choctawhatchee Bay frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TownePlace Suites Fort ... Hotel 843 Eglin Parkway ... Parking Lot

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5936544
    Latitude
    30.440641

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    FAQs

    What type of property is this?
    Commercial land - Prime 1.18-acre commercial land near Eglin Air Force Base.
    Where is this commercial land located?
    The property is located at 843 Eglin Pkwy Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - High-traffic location on Eglin Parkway with 46,500 AADT, providing excellent visibility.; - Zoned Mixed Use (MU), offering versatile development options.; - Proximity to Eglin Air Force Base (4-minute drive).
    (850) 240-0527
    Request Owner's contact information
    843 Eglin Pkwy Fort Walton Beach, FL 32547
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    Fort Walton Beach, FL 32547
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    Realmo Value Estimation

    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.

    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.

    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
    843 Eglin Pkwy Fort Walton Beach, FL 32547
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