Fort Walton Beach Office
For Sale
$670,000
30 Ferry Rd SE, Fort Walton Beach, FL 32548
NNN leased office building in Fort Walton Beach, Florida.
Property Size2,208 SF
Price / SF$303.44
Days on Market320
Property Features for 30 Ferry Rd SE
General Information
Standard status
Active
Size
2,208 SF
Class
C
Property subtype
Office
Building Details
Building Size
2,208 SF
Year Built
2007
Listing Agency:
Bellcore Commercial
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Nov 21, 2025
Changed: Oct 2
Last Checked: Oct 5 at 3:55PM
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 Bellcore Commercial
Investment Insights
Based on property information with market context.
This NNN leased office building is an investment opportunity located in an income tax-free state, situated on approximately 0.23 acres in the heart of Fort Walton Beach. The property is located in the core retail trade area and shares a parking lot with Step One Automotive Group. The location is near Eglin Parkway, a main thoroughfare experiencing over 53,000 vehicles per day. The property is within minutes of numerous national retailers, restaurants, and other businesses, including Ross Dress For Less, Ulta, Five Below, West Marine, Winn-Dixie, Party City, Buffalo Wild Wings, Five Guys, Starbucks, and Firehouse Subs. Fort Walton Beach is located between Pensacola and Panama City. The trade area is largely characterized by military personnel from Eglin Air Force Base and Hurlburt Field. Eglin Air Force Base covers over 463,000 acres and employs more than 8,500 military and approximately 4,500 civilians. Hurlburt Field has 10,782 active duty military personnel and 1,316 civilian employees, creating a stable employment base. New projects and infrastructure improvements within the Fort Walton Beach MSA have drawn private development, creating new jobs and a booming economy. The building has a size of 2208 square feet. Seller financing will be considered.
Key Highlights
- NNN Leased Office Building providing stable income in an income tax‑free state.
- Located in the core retail trade area of Fort Walton Beach with high traffic (53,000 vehicles per day).
- Proximity to Eglin Air Force Base and Hurlburt Field provides a stable employment base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,516
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,320
$570.3K
Cap Rate 7%
$407,371
$407.4K
Cap Rate 9%
$316,844
$316.8K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$46.4K $21.00/SF
− Vacancy
−$8.3K −$3.78/SF
EGI
$38.0K $17.22/SF
− OpEx
−$9.5K −$4.31/SF
NOI
$28.5K $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%
$570,320
Cap Rate 7%
$407,371
Cap Rate 9%
$316,844
Alternative Uses
Best Use
Office B
$407.4K
$356.5K – $475.3K
NOI $28,516 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$850.9K
$744.5K – $992.7K
NOI $59,562 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,552
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - NNN leased office building in Fort Walton Beach, Florida.
Where is this office building located?
The property is located at 30 Ferry Rd SE Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: NNN Leased Office Building providing stable income in an income tax‑free state.; Located in the core retail trade area of Fort Walton Beach with **high traffic (53,000 vehicles per day)**.; Proximity to Eglin Air Force Base and Hurlburt Field provides a stable employment base.
