Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Restaurant Spaces Available Title is generated by Realmo AI

    352 W Highway 90 Boulevard #A-1, Crestview, FL 32536

    View on Map
    Claim this Listing
    For Lease
    $16,800/Mo $13 SF/Yr (calc)

    Pre-leasing retail and restaurant spaces in Crestview, Florida.

    Property size:
    15,110 SF
    Lot size:
    4.15 Acres
    Added:
    Feb 20, 2024
    Days on Market:
    837
    Last Refresh:
    Mar 16 at 9:37 am

    Property Features for 352 W Highway 90 Boulevard #A-1

    General Information

    Standard status
    Active
    Size
    15,110 SF
    Lot size
    4.15 Acres

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    JAMES J WATTS
    JAMES J WATTS

    Listing agent JAMES J WATTS License #FL BK3150740

    Listing office J WATTS PROPERTIES INC

    Listing date Feb 20, 2024

    Source Corcoran

    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 J WATTS PROPERTIES INC

    HighLights

    • Pre‑leasing space available in a new addition to a Tractor Supply‑anchored shopping center.
    • Located in the heart of Crestview, ideally situated to serve surrounding communities.
    • High traffic location: Intersection of HWY 85 and HWY 90 sees approximately 45,000 vehicles per day.
    • Building A offers a large, configurable space (up to 11,200 s.f.) suitable for retail or restaurant use, divisible to approximately 2,685 s.f.
    • Building C is a pad site designed for a coffee or QSR concept with a drive‑through lane and utilities in place.
    • Building B (2,860 s.f.) will be completely renovated and divided into two spaces (approximately 1,430 s.f. each) fronting HWY 90.

    Overview

    Pre-leasing space is available in the new addition to the Tractor Supply-anchored center, ideally located in the heart of Crestview, Florida. The Tractor Supply Center is situated just west of the intersection of Highway 85 and Highway 90, serving Crestview and the surrounding communities of Baker, Milligan, Holt, and Laurel Hill. The intersection of Highway 85 and Highway 90 experiences approximately 45,000 vehicles per day. The center is currently occupied by Tractor Supply, Pic N Save, Dollar General, Kim's Beauty Supply, Soap Opera Laundry, The Hub, T-Mobile, and Nail Experts. The addition will include three buildings. Building A offers a maximum contiguous space of 11,200 square feet, configurable for either retail or restaurant use. Building A can be divided into multiple units, with a minimum divisible space of about 2,685 square feet. Building B is an existing 2,860 square foot building that will be completely renovated and divided into two spaces of approximately 1,430 square feet each. Building B fronts directly on Highway 90 and backs up to The Hub, T-Mobile, and Soap Opera. Unit B-2 will be the unit closest to Highway 90. Building C is a curb-in pad site designed for a coffee or QSR concept with a drive-through lane in place. Utilities will be in place and turned up to the pad, which can accommodate up to 1,250 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5136
    Latitude
    30.7849

    Nearby Similar for Lease

    • $16 SF/Yr
      5,492 SF

      Versatile Commercial Space on Ferdon

      Flexible retail/office space with showroom, offices, kitchen, and storage.
      535 S Ferdon Boulevard #A, Crestview, FL 32536
      View Details
    • $2,950/Mo

      Office and Medical Office Space

      Office space with frontage on Ferdon Blvd and rear access off Texas Pkwy in Crestview.
      638 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $850/Mo
      8,040 SF

      Office Space with Private Bathroom

      Office space for lease featuring a private bathroom.
      128 John King Road #20&22, Crestview, FL 32539
      View Details
    • $1,450/Mo
      8,040 SF

      Office Space with Flexible Layout

      Adaptable office space with potential for single or dual occupancy.
      128 John King Road #20&22, Crestview, FL 32539
      View Details
    • $2,000/Mo
      2,304 SF

      Commercial Space on Hwy 90

      Commercial space with high visibility on Hwy 90.
      426 W James Lee Boulevard, Crestview, FL 32536
      View Details
    • $18 SF/Yr
      1,950 SF

      Medical/Professional Office Park Space

      Flexible medical and professional office space for lease.
      4100 S Ferdon Blvd, Crestview, FL
      View Details
    • $500/Mo
      210 SF

      Office Space Available For Rent

      Office unit available for lease, 210 square feet.
      650 W James Lee Boulevard #3, Crestview, FL 32536
      View Details
    • $5,250/Mo
      4,500 SF

      Crestview Flex Space For Rent

      4,500 SF commercial flex space with high visibility.
      493 N Ferdon Blvd, CRESTVIEW, FL, 32536-2741
      View Details
    • Contact for pricing

      Medical Office Near Hospital

      Two-story medical office building near North Okaloosa County Medical Center.
      710 Hospital Dr | Crestview, FL 32539
      View Details
    • $5,000/Mo
      11,000 SF

      Crestview Office Space For Rent

      Desirable Crestview building with highway frontage and high ceilings.
      5210 S Ferdon Boulevard #B, Crestview, FL 32536
      View Details
    • $3,500/Mo

      Crestview Flex Space Available

      Flex space with 3-phase power and fenced yard.
      641 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Retail Space in Crestview Corners

      Retail space with high visibility and easy access in Crestview.
      2535 2499 S Ferdon Blvd, Crestview, FL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Pre-leasing retail and restaurant spaces in Crestview, Florida.
    Where is this shopping center located?
    The property is located at 352 W Highway 90 Boulevard #A-1 Crestview, FL.
    What is the lease rate?
    The lease rate is $16,800 /Mo.
    What are key features of this property?
    This property features: Pre‑leasing space available in a new addition to a Tractor Supply‑anchored shopping center.; Located in the heart of Crestview, ideally situated to serve surrounding communities.; High traffic location: Intersection of HWY 85 and HWY 90 sees approximately 45,000 vehicles per day.
    Edit or Promote this Listing
    Or you can promote this listing later in your account
    We can help!
    Listing Contact
    JAMES J WATTS
    JAMES J WATTS
    Real Estate License ID: FL BK3150740
    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
    352 W Highway 90 Boulevard #A-1, Crestview, FL 32536
    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!