Fort Walton Beach Retail
150 Se Hollywood Blvd, Fort Walton Beach, FL 32548
For Sale
$1,950,000
7,500 SF retail property in downtown Fort Walton Beach.
Property Size7,500 SF
Price / SF$260
Days on Market247
Property Features for 150 Se Hollywood Blvd
General Information
Standard status
Size
Property subtype
Listing Agency:
One Commercial Properties LLC
Listed By:
Micheal A Whitfield
(850) 226-8011
Source:
Emeraldcoasthomefinder
Added: Mar 10
Changed: Nov 1
Last Checked: Nov 10 at 11:31AM
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 One Commercial Properties LLC
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Investment Insights
Based on property information with market context.
This 7,500 SF property is located in the downtown Fort Walton Beach Business District, specifically on the southwest corner of Hollywood Boulevard SE and Chestnut Avenue. Hollywood Boulevard is a major east-west arterial road in Fort Walton Beach. The property includes 1,440 SF of HVAC office/showroom space, 5,160 SF of shop/service space, and 900 SF of storage space. The property has been recently updated with new paint and flooring and is in excellent condition. It presents a great location for many retail opportunities. Plans were in place to open a sports bar at this location, and a working open development order is in place. New A/C throughout, a new sprinkler system, grease traps, cooler freezers, and floor drains are all installed. A variety of furniture and kitchen equipment have already been purchased.
Key Highlights
- Prime downtown Fort Walton Beach location at the corner of Hollywood Blvd SE and Chestnut Ave.
- Owner financing available.
- Existing development order and plans for a sports bar.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,809
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,180
$2.2M
Cap Rate 7%
$1,540,129
$1.5M
Cap Rate 9%
$1,197,878
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$166.5K $22.20/SF
− Vacancy
−$12.5K −$1.67/SF
EGI
$154.0K $20.54/SF
− OpEx
−$46.2K −$6.16/SF
NOI
$107.8K $14.37/SF
Area
Okaloosa County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,180
Cap Rate 7%
$1,540,129
Cap Rate 9%
$1,197,878
Alternative Uses
Best Use
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,318 @ 7.0% cap · market cap 10.38%
Second Best
Retail
$1.54M
$1.35M – $1.80M
NOI $107,809 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
223k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 24%
Apparel 18%
Groceries 14%
Ross Dress for Less
Apparel
39,879 visits/mo
0.5 miles
Publix
Groceries
31,489 visits/mo
0.5 miles
Dodge's Southern Style
Shops & Services
20,894 visits/mo
0.1 miles
Starbucks
Dining
17,859 visits/mo
0.5 miles
McDonald's
Dining
16,333 visits/mo
0.2 miles
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
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Okaloosa County, FL
Properties on Market for Retail space in Okaloosa County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 7,500 SF retail property in downtown Fort Walton Beach.
Where is this retail space located?
The property is located at 150 Se Hollywood Blvd Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime downtown Fort Walton Beach location at the corner of Hollywood Blvd SE and Chestnut Ave.; Owner financing available.; Existing development order and plans for a sports bar.
