High-Traffic Commercial Space
For Sale
Contact for pricing
220 Eglin Parkway NE, Fort Walton Beach, FL 32547
Prime commercial property with high visibility and ample parking.
Property Size8,450 SF
Price / SF$0.00
Days on Market330
Property Features for 220 Eglin Parkway NE
General Information
Standard status
Active
Size
8,450 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
8,450 SF
Properties For Sale
at 220 Eglin Parkway NE Contact usSuite 4
Size
6,500 SF
Type
Strip Center
Term
Negotiable
Suite 5
Size
8,450 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
NAI TALCOR - Tallahassee
Listed By:
Brent Faison · License #3027940
(850) 814-4490
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 10
Last Checked: Oct 16 at 7:30AM
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 NAI TALCOR - Tallahassee
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Investment Insights
Based on property information with market context.
This commercial property at 220 Eglin Parkway NE in Fort Walton Beach, FL, is suitable for business and office space. The location benefits from a high traffic count of 49,500 vehicles per day, providing visibility and exposure. There is currently 8,450 square feet of space available, with an additional 16,000 square feet becoming available on June 1, 2025. The property features ample parking and is located in close proximity to Eglin AFB and Hurlburt Field.
Key Highlights
- High traffic count (49,500 vehicles per day) provides exceptional visibility and exposure.
- Competitive lease rate of $10 per square foot NNN.
- Excellent suitability for business and office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,132
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,640
$2.2M
Cap Rate 7%
$1,559,029
$1.6M
Cap Rate 9%
$1,212,578
$1.2M
Market Conditions
NOI Build-Up for 8,450 SF
Gross rent
$177.5K $21.00/SF
− Vacancy
−$31.9K −$3.78/SF
EGI
$145.5K $17.22/SF
− OpEx
−$36.4K −$4.31/SF
NOI
$109.1K $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%
$2,182,640
Cap Rate 7%
$1,559,029
Cap Rate 9%
$1,212,578
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.02M
NOI $121,465 @ 7.0% cap · market cap 1,214,650.00%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,132 @ 7.0% cap · market cap 1,091,320.00%
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $227,945 @ 7.0% cap · market cap 2,279,450.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,436
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail property - Prime commercial property with high visibility and ample parking.
Where is this retail property located?
The property is located at 220 Eglin Parkway NE Fort Walton Beach, FL.
What are key features of this property?
This property features: High traffic count (49,500 vehicles per day) provides **exceptional visibility and exposure**.; Competitive lease rate of $10 per square foot NNN.; Excellent suitability for business and office space.
