Furnished Short-Term Rental
32 7Th Avenue, Shalimar, FL 32579
For Sale
$300,000
Residential, Shalimar, FL
Property Size1,730 SF
Lot Size0.10 Acres
Price / SF$173.41
Days on Market53
Property Features for 32 7Th Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Exterior features
Fencing
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Architectural style
Listing Agency:
World Impact Real Estate
(850) 225-7000
Listed By:
Daniel T Marks · License #3478916
(850) 557-1667
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 9 at 10:06AM
MLS# 1012325
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 1,730-square-foot townhome at 32 7th Avenue, Unit 127, is offered furnished and configured for short-term rental use. The residence includes three bedrooms, two bathrooms, a dining room, vaulted ceilings, tile and carpet flooring, and a fireplace. A kitchen with electric range, refrigerator, dishwasher, disposal, microwave, washer, and dryer supports day-to-day occupancy. Central heating and central air conditioning are installed.
The property occupies 0.1 acres in Shalimar, Florida, within Okaloosa County. Exterior features include a fenced and private backyard, along with a garage. Built in 1984, the home is served by public sewer and carries Resid Single Family zoning.
The property occupies 0.1 acres in Shalimar, Florida, within Okaloosa County. Exterior features include a fenced and private backyard, along with a garage. Built in 1984, the home is served by public sewer and carries Resid Single Family zoning.
Key Highlights
- 1,730‑square‑foot furnished townhome at 32 7th Avenue, Unit 127
- Three bedrooms and two bathrooms with a separate dining room
- Vaulted ceilings and fireplace complement tile and carpet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,898
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,960
$358.0K
Cap Rate 7%
$255,686
$255.7K
Cap Rate 9%
$198,867
$198.9K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$34.3K $19.80/SF
− Vacancy
−$1.7K −$0.99/SF
EGI
$32.5K $18.81/SF
− OpEx
−$14.6K −$8.46/SF
NOI
$17.9K $10.35/SF
Area
Okaloosa County, FL
Vacancy
5.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,960
Cap Rate 7%
$255,686
Cap Rate 9%
$198,867
Alternative Uses
Best Use
Apartment 5plus
$255.7K
$223.7K – $298.3K
NOI $17,898 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.7K
$583.4K – $777.8K
NOI $46,668 @ 7.0% cap · market cap 15.56%
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
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 32579, FL
10,444
Population
5,130
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
2,984
Density / Sq Mi
$98,014
Median Household Income
$46,926
Median Earnings
$1,582
Median Rent
$430,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Move-in-ready townhome with a furnished interior, private fenced yard, garage, and central heating and cooling.
Where is this short term rental property located?
The property is located at 32 7Th Avenue Shalimar, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,730‑square‑foot furnished townhome at 32 7th Avenue, Unit 127; Three bedrooms and two bathrooms with a separate dining room; Vaulted ceilings and fireplace complement tile and carpet flooring
