Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1184 Eglin Pkwy Shalimar, FL 32579

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Rented
    $2,500 /Mo ($15 SF/Yr)

    Office space available for lease in Shalimar, Florida.

    Property size:
    1,920 SF
    Lot size:
    1,920 SF

    Property Features for 1184 Eglin Pkwy

    General Information

    Standard status
    Rented
    Size
    1,920 SF

    We can help!

    Listing Contact
    Craig Barrett
    Craig Barrett
    Source: Corcoran

    Listing Agency: NBI Properties Inc Listing Agent: Craig Barrett

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

    Learn more

    Overview

    Office Space Available For Rent

    This commercial real estate offers office units and spaces for rent. The property provides 1920 square feet of space and is located on Eglin Parkway in Shalimar, Florida.
    Location Intelligence

    Current Use by Public Records

    The Virga Law Firm, ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shalimar
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.581462
    Latitude
    30.4418449

    Nearby Similar for Lease

    • $550 /Mo

      Professional Business Suite For Rent

      Business suite with utilities included and flexible lease terms.
      4 9Th Ave, Shalimar, FL 32579
      View Details
    • $4,925 /Mo
      4,589 SF

      Two-Story Office Space Available

      Two-story office space featuring multiple offices and conference room.
      5 Clifford Dr, Shalimar, FL 32579
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for rent with reception area.
      102 Sunset Ln, Shalimar, FL 32579
      View Details
    • $17 SF/Yr
      2,508 SF

      Shalimar Office Space: 2508 SF

      Prime Shalimar office, flexible lease.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $500 /Mo
      80 SF

      Shalimar Office Suite - 80 SF

      Prime Shalimar office, 80 sq ft, all-inclusive rent.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $2,500 /Mo
      1,920 SF

      Shalimar Office Space Available

      Upscale 1920 sq ft office, prime location.
      1184 Eglin Parkway, Shalimar, FL 32579
      View Details
    • $582 /Mo
      140 SF

      Shalimar Office Suite - 140 SF

      Private office, short-term lease, all-inclusive.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $920 /Mo
      221 SF

      Prime Shalimar Office Suite Available

      Modern 221 sq ft office, short-term lease.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $920 /Mo

      Professional Business Suite For Rent

      Business suites with flexible lease terms and included utilities.
      4 9Th St, Shalimar, FL 32579
      View Details
    • $3,553 /Mo
      2,508 SF

      Shalimar Professional Office Space

      Stand-alone office building in Shalimar, suitable for retail.
      4 9Th Ave, Shalimar, FL 32579
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Shalimar, Florida.
    Where is this office units located?
    The property is located at 1184 Eglin Pkwy Shalimar, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Office space available for lease; - Located in Shalimar, Florida
    (850) 243-0007
    Request Owner's contact information
    1184 Eglin Pkwy Shalimar, FL 32579
    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.
    1184 Eglin Pkwy
    Shalimar, FL 32579
    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
    1184 Eglin Pkwy Shalimar, FL 32579
    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

    We can help!
    Listing Contact
    Craig Barrett
    Craig Barrett
    Real Estate License ID: 3294646
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!