Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Near Hospital Title is generated by Realmo AI

    600 Hospital Dr, Crestview, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story medical office building near North Okaloosa County Medical Center.

    Type:OFFICE
    Property size:
    3,000 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $240/SF
    Added:
    Nov 25, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 600 Hospital Dr

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.14 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 600 Hospital Dr Contact us

    We can help!

    Listing Contact
    Terry Koehn

    Listing agent Terry Koehn

    Listing office NAI TALCOR | Tallahassee

    Listing date Nov 25, 2025

    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 NAI TALCOR | Tallahassee

    HighLights

    • Convenient location near North Okaloosa County Medical Center
    • Limited office space available in the area
    • Growing area of Crestview with new expansions
    • Two‑story medical office building
    • Offers great opportunity
    • Suitable for medical practices

    Overview

    This two-story medical office building is located near the North Okaloosa County Medical Center in Crestview, Florida. The area is experiencing growth with new expansions underway. The property offers an opportunity in a market with limited office space available. The building has a size of 3,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimenez Derek MD Physician Dr. James P. ... Physician Aldred Van MD Ophthalmologist ABC Pediatrics Of Crestview Pediatrician Gomez Luis MD Pediatrician

    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
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5604
    Latitude
    30.7337

    Nearby Similar for Sale

    • $720,000
      2,834 SF

      New Duplex Investment Opportunity

      New construction duplex in Crestview, expected completion June 2026.
      161 S Booker Street, Crestview, FL 32536
      View Details
    • $795,000
      4,080 SF

      High-Visibility Commercial Property on Hwy 85

      Versatile commercial property with income potential in prime location.
      641 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $579,900
      6,600 SF

      Commercial Warehouse Near Downtown Crestview

      6600 SF commercial warehouse with offices and open work areas.
      5450 Fairchild Road, Crestview, FL 32539
      View Details
    • $689,900

      Commercial Building with Flexible Suites

      Versatile commercial building with layout options for various business needs.
      1078 S Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $789,000
      5,000 SF

      Historic Crestview Building For Sale

      Charming 5,000 SF building in Crestview, zoned C-1.
      196 W Pine Ave, Crestview, FL 32536
      View Details
    • $719,500

      Medical Office Building Near Hospital

      Two-story medical office building near North Okaloosa County Medical Center.
      710 Hospital Dr, Crestview, FL 32539
      View Details
    • $719,500
      3,000 SF

      Medical Office Near Hospital

      Two-story medical office building near North Okaloosa County Medical Center.
      710 Hospital Dr, Crestview, FL 32539
      View Details
    • $375,000

      Commercial Space on Hwy 90

      Spacious building with high visibility on Hwy 90.
      426 W James Lee Boulevard, Crestview, FL 32536
      View Details
    • $475,000
      15,246 SF

      Commercial Investment Opportunity

      Corner lot near Crestview High School and upcoming Wal-Mart.
      1202 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $30
      3,548 SF

      Crestview Retail Opportunity on Ferdon

      Retail property with high traffic and national retailer proximity.
      3045 South Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $1,000,000
      2,711 SF

      2,067 SF S Ferdon Blvd Retail Lots For Sale

      Prime 1.13-acre retail site with two buildings in Crestview.
      582 S ferdon boulevard, Crestview, FL 32536
      View Details
    • $399,000
      6,564 SF

      1,500 SF Industrial Building For Sale

      1,500 SF building on 1.5 acres with commercial zoning potential.
      2785 Goodwin Ave, Crestview, FL 32539
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building near North Okaloosa County Medical Center.
    Where is this medical office space located?
    The property is located at 600 Hospital Dr Crestview, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Convenient location near North Okaloosa County Medical Center; Limited office space available in the area; Growing area of Crestview with new expansions
    (850) 224-2300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Terry Koehn
    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

    Thank You for Inquiry
    600 Hospital Dr, Crestview, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!