Office/Warehouse in Fort Walton
2 NW Racetrack Road Fort Walton Beach, FL 32547
2 NW Racetrack Road, Fort Walton Beach, FL, 32547
$1,250,000
For Sale
$1,250,000
Freestanding 9,760 SF office/warehouse with excellent access and visibility.
Property Size9,760 SF
Lot Size0.81 Acres
Price / SF$128.07
Days on Market427
Property Features for 2 NW Racetrack Road
General Information
- Standard status
- Active
- Size
- 9,760 SF
- Lot size
- 0.81 Acres
- Property subtype
- Commercial
Listing Agency
TAYLOR ALLEN PROPERTIES LLC
(850) 259-2894
Listed by
CHAD KNAEPPLE
Source
Corcoran
Added: May 20, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 3:34 am
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 TAYLOR ALLEN PROPERTIES LLC
Investment Insights
Based on property information with market context.
This 9,760 square foot freestanding office and warehouse property is available for sale. The building includes 5,140 square feet of office and showroom space, along with 4,620 square feet of warehouse area. Situated on a 0.8-acre lot, the property provides 30 parking spaces. It benefits from access to both Mooney Road and Racetrack Road, offering convenient access and visibility, making it suitable for service-related businesses. The location has an average annual daily traffic count of 28,500.
Key Highlights
- Freestanding 9760 sf Office/Warehouse
- Excellent access and visibility on .8 acres
- Features 5140 sf of Office/Showroom and 4620 sf of warehouse space
Local Financial Insights For Flex RnD
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 | $175.7k | $18.00 |
| − Vacancy | −$10.5k | −$1.08 |
| EGI | $165.1k | $16.92 |
| − OpEx | −$57.8k | −$5.92 |
| NOI | $107.3k | $11.00 |
9,760 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,050 @ 7.0% cap · market cap 10.08%
Second Best
Flex RnD
$1.53M
$1.34M – $1.79M
NOI $107,340 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,283 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cardtronics ATM
Atm
Tom thumb
Gas Station
Western Union
Bank
Wilson Autosports
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- That's My Dogg — food truck Chevron gas station, 708 Lewis Turner Boulevard mobile, Fort Walton Beach, FL 32547
FAQs
What type of property is this?
Flex space - Freestanding 9,760 SF office/warehouse with excellent access and visibility.
Where is this flex space located?
The property is located at 2 NW Racetrack Road Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Freestanding 9760 sf Office/Warehouse; Excellent access and visibility on .8 acres; Features 5140 sf of Office/Showroom and 4620 sf of warehouse space
