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Class A Office Building
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511 Government Ave, Valparaiso, FL 32580

New Class A office campus with ground-floor dining and a multi-purpose room accommodating up to 300.

Space Size4,062 SF
Days on Market901

Property Features for 511 Government Ave

General Information

Standard status Active
Size 4,062 SF
Class A
Property subtype OFFICE
Lease Type NNN

Additional Details

Business Included No

Amenities

dining facility
coffee bar
green space
multi-purpose room

Building Details

Tenancy Multi

Spaces For Lease

at 511 Government Ave Contact us

Now Preleasing ~ Class "A" Office Space ~ Valparaiso, FL $33/SF/Yr

Size
4,062 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Introducing The District!. This state of the art new Class "A" Office building spanning...
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Listing Agency: Taylor Allen Properties LLC
Listed By: Brett D Stuart · License #678851
Source: Moodyscre
Added: Feb 23, 2024 Changed: Aug 8 Last Checked: Aug 11 at 10:56AM

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.

Introducing The District, a new Class “A” office building and campus spanning over 13 acres. The property includes an office environment and updated facilities for Okaloosa Gas operations, HR, and training, with design focused on the latest technology, safety, and comfort.

Common amenities include a ground-floor dining facility and coffee bar open to the public, along with landscaped green space and a large multi-purpose room that can accommodate up to 300 people for events. The building is located near the East Gate of Eglin AFB, providing access to defense contractors seeking a professional working environment.

The building has opened for business by its anchor tenant, Okaloosa Gas, in January 2026, and tenant spaces are now available at 511 Government Ave in Valparaiso, Florida.

Key Highlights

  • New Class A office building and campus spanning over 13 acres
  • Anchor tenant Okaloosa Gas opened the building for business in January 2026
  • Ground‑floor dining facility and coffee bar open to the public

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Law Firm HVAC Service Real Estate Agency Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

231
Businesses Nearby

Demographics for 32580, FL

4,120
Population
1,936
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
528
Density / Sq Mi
$85,385
Median Household Income
$50,546
Median Earnings
$1,268
Median Rent
$348,600
Median Home Value

Market

Lease Benchmarks for Valparaiso, FL

$30.6 /SF/Yr
Avg Asking Price
$30–$33 /SF/Yr
Price Range
4,062 SF
Avg Space Size

This space is priced 8% above the average of $30.6 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - New Class A office campus with ground-floor dining and a multi-purpose room accommodating up to 300.
Where is this office building located?
The property is located at 511 Government Ave Valparaiso, FL.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: New Class A office building and campus spanning over 13 acres; Anchor tenant Okaloosa Gas opened the building for business in January 2026; Ground‑floor dining facility and coffee bar open to the public
(850) 865-9123 Call to check price and availability
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