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    Warehouse and Loading Dock For Sale Title is generated by Realmo AI

    61 Carson Dr NE, Fort Walton Beach, FL

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    Warehouse with loading dock on one acre in Florida.

    Type:RETAIL
    Property size:
    7,611 SF
    Lot size:
    0.71 Acres
    Price / SF:
    $78/SF
    Added:
    Jun 19, 2024
    Days on Market:
    740
    Last Refresh:
    May 20 at 8:02 pm

    Property Features for 61 Carson Dr NE

    General Information

    Standard status
    Active
    Size
    7,611 SF
    Lot size
    0.71 Acres
    Property subtype
    RETAIL

    We can help!

    Contact an agent
    John Paul Somers
    John Paul Somers

    Listing office Somers & Company

    Listing date Jun 19, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Somers & Company

    HighLights

    • ±One acre of prime commercial zoned CG Commercial land.
    • Boasting a ±7,611 SF warehouse and loading dock.
    • Extraordinary assemblage of parcels.
    • Located in Ft. Walton Beach, Florida.
    • Commercial zoning allows for various business opportunities.
    • Property includes a loading dock.

    Overview

    This property features a 7,611-square-foot warehouse with a loading dock, situated on approximately one acre. The land is zoned CG Commercial through the City of Ft. Walton Beach, Florida. The property is being sold in 'as-is' condition.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $63.9k $8.40
    − Vacancy −$3.1k −$0.40
    EGI $60.9k $8.00
    − OpEx −$9.1k −$1.20
    NOI $51.7k $6.80
    7,611 SF · lease $8.40/SF/yr · vacancy 4.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $739.1K
    $646.7K – $862.2K (±1% cap)
    NOI $51,734 @ 7.0% cap · market cap 8.64%
    Second Best
    Industrial
    $562.8K
    $492.4K – $656.6K (±1% cap)
    NOI $39,395 @ 7.0% cap · market cap 6.58%
    Theoretical Best
    Specialty Retail
    $2.93M
    $2.57M – $3.42M (±1% cap)
    NOI $205,312 @ 7.0% cap · market cap 34.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    • Air Conditioned Self Storage — 37 tupelo ave se, fort walton beach, fl 32548
    • Public Storage — 112 Hollywood Blvd SE, Fort Walton Beach, FL 32548
    • Otter Self Storage — 26 Beal Pkwy NW A, Fort Walton Beach, FL 32548
    • Bonded Transportation — 35 Hollywood Blvd NW, Fort Walton Beach, FL 32548
    • A & A Transfer & Storage - Agent for Mayflower — 113 Hollywood Blvd NW, Fort Walton Beach, FL 32548

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6095
    Latitude
    30.4179

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with loading dock on one acre in Florida.
    Where is this warehouse located?
    The property is located at 61 Carson Dr NE Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: ±One acre of prime commercial zoned CG Commercial land.; Boasting a ±7,611 SF warehouse and loading dock.; Extraordinary assemblage of parcels.
    (850) 654-7777 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Paul Somers
    John Paul Somers
    Real Estate License ID: 3210089
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