Warehouse Redevelopment
For Sale
$525,000
1314 Greendale Avenue, Fort Walton Beach, FL 32547
Commercial for Sale, Fort Walton Beach, FL
Property Size6,785 SF
Lot Size0.31 Acres
Price / SF$77.38
Days on Market72
Property Features for 1314 Greendale Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Beal Pkwy, turn onto Green Acres Rd. Turn right onto Greendale Ave. 1314 Greendale Ave A will be on the left.
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
33-1S-24-0000-0001-0080
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Beg 375' W Of Se Cor Of Ne1/4 W95 Ft N 145' E95 Ft S 145' To Beg
Legal Description
Beg 375' W Of Se Cor Of Ne1/4 W95 Ft N 145' E95 Ft S 145' To Beg
Listing Agency:
Endless Horizons Realty Inc
(850) 315-0111
Listed By:
Stefanie K Fair · License #3588822
(850) 217-2311
Added: Aug 11
Changed: Oct 21
Last Checked: Oct 21 at 10:06PM
MLS# 1009684
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property at 1314 Greendale Avenue includes approximately 6,785 square feet of building area. The interior has been cleared back to the structural framing, and the former second-floor office has been removed, allowing the next owner to configure the space for a new commercial layout.
The property is classified for warehouse and storage use and is situated in Fort Walton Beach near surrounding commercial corridors. Potential applications include storage, warehouse, owner-user, investor, or other commercial purposes, subject to applicable zoning, county approval, and verification of permitted uses and measurements.
The property is classified for warehouse and storage use and is situated in Fort Walton Beach near surrounding commercial corridors. Potential applications include storage, warehouse, owner-user, investor, or other commercial purposes, subject to applicable zoning, county approval, and verification of permitted uses and measurements.
Key Highlights
- Approximately 6,785 square feet of building area
- Interior cleared to the studs for new construction and build‑out
- Former upstairs office removed from the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,120
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,400
$922.4K
Cap Rate 7%
$658,857
$658.9K
Cap Rate 9%
$512,444
$512.4K
Market Conditions
NOI Build-Up for 6,785 SF
Gross rent
$57.0K $8.40/SF
− Vacancy
−$2.7K −$0.40/SF
EGI
$54.3K $8.00/SF
− OpEx
−$8.1K −$1.20/SF
NOI
$46.1K $6.80/SF
Area
Okaloosa County, FL
Vacancy
4.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,400
Cap Rate 7%
$658,857
Cap Rate 9%
$512,444
Alternative Uses
Best Use
Warehouse
$658.9K
$576.5K – $768.7K
NOI $46,120 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $183,030 @ 7.0% cap · market cap 34.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Space Saver Self Storage — 422 Racetrack Rd NW, Fort Walton Beach, FL 32547
- M R Barrett, Inc. — 331 Green Acres Rd, Fort Walton Beach, FL 32547
Frequently Asked Questions
What type of property is this?
Warehouse - Interior is stripped to the studs for a new commercial build-out, subject to applicable approvals.
Where is this warehouse located?
The property is located at 1314 Greendale Avenue Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 6,785 square feet of building area; Interior cleared to the studs for new construction and build‑out; Former upstairs office removed from the building
