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    1500 Martin Luther King Jr Blvd Fort Walton Beach, FL 32547

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    For Lease
    $1,800 /Mo ($20 SF/Yr)

    Office/retail space near Hurlburt Field with high traffic count.

    Property size:
    1,040 SF
    Lot size:
    5.80 Acres

    Property Features for 1500 Martin Luther King Jr Blvd

    General Information

    Size
    1,040 SF
    Lot size
    5.80 Acres

    Source: Rob Brooks Realty Agent Rob Brooks

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

    Overview

    Office/Retail Space Near Military Bases

    This office/retail space is located in West Fort Walton Beach, near Hurlburt Field. The property experiences a daily traffic count of 32,000. Its location is between Hurlburt Field, Eglin AFB, and downtown Fort Walton Beach. The unit offers 1040 rentable square feet, including an open lobby area and four individual spaces suitable for offices, a break room, or storage. The property features open storefront parking, security cameras, and an on-site management office. Rent includes water and sewer utilities, along with common area maintenance.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -86.653174
    Latitude
    30.453391

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    FAQs

    What type of property is this?
    Retail space - Office/retail space near Hurlburt Field with high traffic count.
    Where is this retail space located?
    The property is located at 1500 Martin Luther King Jr Blvd Fort Walton Beach, FL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High daily traffic count (32,000); - Located near Hurlburt Field, Eglin AFB, and downtown Fort Walton Beach; - 1040 sq ft of rentable space with open lobby and four individual spaces
    (850) 776-6706
    Request Owner's contact information
    1500 Martin Luther King Jr Blvd 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
    1500 Martin Luther King Jr Blvd Fort Walton Beach, FL 32547
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