Mixed-Use Property with Service
For Sale
$2,800,000
20 NE Hollywood Boulevard, Fort Walton Beach, FL 32548
Four buildings combine automotive service space, storefronts, warehouse areas, offices, and a secured outdoor yard.
Property Size13,513 SF
Lot Size2.76 Acres
Price / SF$207.21
Days on Market281
Property Features for 20 NE Hollywood Boulevard
General Information
Standard status
Active
Size
13,513 SF
Lot size
2.76 Acres
Property subtype
Commercial
Zoning
MX2- Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Property Use
Warehouse
Amenities
storefront/shop space
warehouse and storage buildings
lobby and office areas
Building Details
Buildings
4
Listing Agency:
Taylor Allen Properties LLC
(850) 259-2894
Listed By:
Christopher L Wooten · License #3435164
(850) 502-9900
Source:
Emeraldgulfrealty
Added: Jan 16
Changed: Oct 23
Last Checked: Oct 23 at 5:00PM
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
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 seven-parcel mixed-use property encompasses approximately 2.76 acres and includes four buildings totaling about 13,513 square feet. The improvements feature automotive service bays, shop and storefront areas, warehouse and storage space, plus lobby and office areas. A privacy-fenced laydown yard of approximately 0.41 acres provides additional outdoor area. Some buildings are vacant, while Haudini Upholstery continues to operate on the property; rental income is also identified from leased buildings.
The site has more than 429 feet of frontage along Hollywood Boulevard and rear access from Park Cir/Park Pl. It is less than one mile from U.S. Highway 98 and approximately one-third of a mile from Eglin Parkway. The property is zoned MX2- Mixed Use.
The site has more than 429 feet of frontage along Hollywood Boulevard and rear access from Park Cir/Park Pl. It is less than one mile from U.S. Highway 98 and approximately one-third of a mile from Eglin Parkway. The property is zoned MX2- Mixed Use.
Key Highlights
- Four buildings totaling approximately 13,513 square feet
- Approximately 2.76 acres across seven parcels
- More than 429 feet of Hollywood Boulevard frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,243
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,884,860
$3.9M
Cap Rate 7%
$2,774,900
$2.8M
Cap Rate 9%
$2,158,256
$2.2M
Market Conditions
NOI Build-Up for 13,513 SF
Gross rent
$300.0K $22.20/SF
− Vacancy
−$22.5K −$1.67/SF
EGI
$277.5K $20.54/SF
− OpEx
−$83.2K −$6.16/SF
NOI
$194.2K $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%
$3,884,860
Cap Rate 7%
$2,774,900
Cap Rate 9%
$2,158,256
Alternative Uses
Best Use
Retail
$2.77M
$2.43M – $3.24M
NOI $194,243 @ 7.0% cap · market cap 6.94%
Second Best
Mixed Use
$2.35M
$2.05M – $2.74M
NOI $164,183 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$5.21M
$4.56M – $6.08M
NOI $364,523 @ 7.0% cap · market cap 13.02%
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four buildings combine automotive service space, storefronts, warehouse areas, offices, and a secured outdoor yard.
Where is this mixed-use property located?
The property is located at 20 NE Hollywood Boulevard Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Four buildings totaling approximately 13,513 square feet; Approximately 2.76 acres across seven parcels; More than 429 feet of Hollywood Boulevard frontage
