Office Suite with Private
323 Page Bacon Road, Mary Esther, FL 32569
For Sale
$135,000
Commercial for Sale, Mary Esther, FL
Property Size844 SF
Lot Size0.02 Acres
Price / SF$159.95
Days on Market45
Property Features for 323 Page Bacon Road
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Dustin Parkman · License FL #3307056
(850) 218-8408
Added: Sep 29
Changed: Oct 1
Last Checked: Nov 12 at 6:06AM
MLS# 1012952
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 844-square-foot office suite in Park Place Plaza is Unit 5, a breezeway space on the left side of the complex. Its layout includes three private offices, two large open rooms, a reception area, and a private restroom. New paint and flooring have refreshed the interior. The property is zoned C-2.
The suite is on Page Bacon Road in Mary Esther, near Highway 98, residential neighborhoods, and established commercial activity. The corridor carries an average daily traffic count of approximately 22,500 vehicles.
The suite is on Page Bacon Road in Mary Esther, near Highway 98, residential neighborhoods, and established commercial activity. The corridor carries an average daily traffic count of approximately 22,500 vehicles.
Key Highlights
- 844‑square‑foot office suite, Unit 5, in Park Place Plaza
- Three private offices, two large open rooms, reception area, and private restroom
- New paint and flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,900
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,000
$218.0K
Cap Rate 7%
$155,714
$155.7K
Cap Rate 9%
$121,111
$121.1K
Market Conditions
NOI Build-Up for 844 SF
Gross rent
$17.7K $21.00/SF
− Vacancy
−$3.2K −$3.78/SF
EGI
$14.5K $17.22/SF
− OpEx
−$3.6K −$4.31/SF
NOI
$10.9K $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%
$218,000
Cap Rate 7%
$155,714
Cap Rate 9%
$121,111
Alternative Uses
Best Use
Office B
$155.7K
$136.3K – $181.7K
NOI $10,900 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.2K
$284.6K – $379.5K
NOI $22,767 @ 7.0% cap · market cap 16.86%
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
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 32569, FL
12,378
Population
5,795
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
2,947
Density / Sq Mi
$73,762
Median Household Income
$43,832
Median Earnings
$1,456
Median Rent
$296,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Okaloosa County, FL
Properties on Market for Office Units in Okaloosa County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C-2 zoning, a reception area, and two open rooms complement the suite’s private offices.
Where is this office unit located?
The property is located at 323 Page Bacon Road Mary Esther, FL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 844‑square‑foot office suite, Unit 5, in Park Place Plaza; Three private offices, two large open rooms, reception area, and private restroom; New paint and flooring throughout
