Restaurant Property with Development
1296 N Ferdon Boulevard, Crestview, FL 32536
Turn-key restaurant with land for new construction in Crestview.
Type:Commercial/Industrial
Property size:
4,800 SFLot size:
4.80 AcresPrice / SF:
$354/SF- Added:
- Apr 18, 2025
- Days on Market:
- 409
- Last Refresh:
- May 28 at 6:08 pm
Property Features for 1296 N Ferdon Boulevard
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 4.80 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2017
Listing agent Your House Team (850) 398-8898
Listing office RE/MAX Agency One (850) 398-8898
Listing date Apr 18, 2025
Source Exitrealty
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 RE/MAX Agency One
HighLights
- Turn‑key 180‑seat restaurant with drive‑thru window
- Located on 4.8 acres with room for additional building
- Highway 85 connection in a rapidly growing area
- Adjacent to Winn Dixie and a bank, across from a new Publix
- Shares parking lot to maximize business potential
- Near Crestview High School, Davidson Middle School, and McDonald's
Overview
This property features a 4.8-acre parcel with an existing 4,800-square-foot restaurant. The restaurant has a seating capacity of 180. The site also offers additional space for new construction on the south end of the parcel. Currently, the existing building is rented by Taskforce Pizza. The property benefits from a location with a Highway 85 connection and is situated in an area experiencing rapid growth. It shares a parking lot and is positioned across from a new Publix, next to Winn Dixie, and adjacent to a bank. Nearby educational institutions include Crestview High School and Davidson Middle School. A McDonald's is also located in close proximity. The restaurant includes a drive-thru window.
Local Financial Insights For Specialty Retail
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 | $178.0k | $37.08 |
| − Vacancy | −$5.3k | −$1.11 |
| EGI | $172.6k | $35.97 |
| − OpEx | −$43.2k | −$8.99 |
| NOI | $129.5k | $26.98 |
4,800 SF · lease $37.08/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,483 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Task Force Pizza ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.564335
- Latitude
- 30.7460333
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Turn-key restaurant with land for new construction in Crestview.
Where is this conventional restaurant located?
The property is located at 1296 N Ferdon Boulevard Crestview, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Turn‑key 180‑seat restaurant with drive‑thru window; Located on 4.8 acres with room for additional building; Highway 85 connection in a rapidly growing area
