Multi-Office
New
For Sale
$500,000
Pending
133 NE Hospital Drive, Fort Walton Beach, FL 32548
A reception area, file room, and break room complement the private office layout.
Property Size2,722 SF
Days on Market3
Property Features for 133 NE Hospital Drive
General Information
Standard status
Pending
Size
2,722 SF
Class
Office
Listed By:
Brian and Mel Marshall
(850) 852-7653
Source:
Stagerightgroup.idxbroker
Added: Oct 19
Last Checked: Oct 20 at 5:14PM
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 Brian and Mel Marshall
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Investment Insights
Based on property information with market context.
This 2,722-square-foot office building is configured with six private offices, a reception area, a file room, and a break room. Its layout combines enclosed work areas with shared support space.
The property is located at 133 Hospital Dr NE in Fort Walton Beach, Florida, and includes ample parking.
The property is located at 133 Hospital Dr NE in Fort Walton Beach, Florida, and includes ample parking.
Key Highlights
- 2,722‑square‑foot office building
- Six private offices plus reception, file, and break rooms
- Parking available on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,155
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,100
$703.1K
Cap Rate 7%
$502,214
$502.2K
Cap Rate 9%
$390,611
$390.6K
Market Conditions
NOI Build-Up for 2,722 SF
Gross rent
$57.2K $21.00/SF
− Vacancy
−$10.3K −$3.78/SF
EGI
$46.9K $17.22/SF
− OpEx
−$11.7K −$4.31/SF
NOI
$35.2K $12.92/SF
Area
Okaloosa County, FL
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,100
Cap Rate 7%
$502,214
Cap Rate 9%
$390,611
Alternative Uses
Best Use
Office B
$502.2K
$439.4K – $585.9K
NOI $35,155 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$917.9K – $1.22M
NOI $73,428 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
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Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A reception area, file room, and break room complement the private office layout.
Where is this office building located?
The property is located at 133 NE Hospital Drive Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,722‑square‑foot office building; Six private offices plus reception, file, and break rooms; Parking available on site
