Crestview Investment Property For
3301 South Ferdon Boulevard, Crestview, FL 32536
For Sale
$1,394,000
Multi-tenant retail property with high traffic and development potential.
Property Size4,350 SF
Lot Size0.80 Acres
Price / SF$320.46
Days on Market284
Property Features for 3301 South Ferdon Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
Bellcore Commercial
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 6:03AM
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
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Investment Insights
Based on property information with market context.
This investment property for sale is situated on a 0.8-acre parcel zoned C-2. The multi-building property features a single-tenant, free-standing Jimmy John's, a co-tenant building housing a QQ Smoke Shop and a 1,600-square-foot vacant space. Additionally, a billboard is located on the property under a month-to-month lease. The property is located on Hwy 85/S Ferdon Blvd, which has a high traffic count of 44,000 AADT. The seller will credit the buyer one year of rent for the vacant tenant space. Nearby national retailers include Aldi, Chipotle, Walmart, Publix, McDonald's, Starbucks, Panera Bread, Seven Brew, and Lowe's.
The Crestview Metropolitan Statistical Area (MSA), encompassing Okaloosa and Walton Counties in the Florida Panhandle, has nearly 270,000 residents. The area has experienced growth exceeding 25% since 2000. The economy is supported by military, tourism, fishing, and healthcare sectors, with Okaloosa County leading in healthcare services in Northwest Florida. Eglin Air Force Base is located between Crestview and Fort Walton Beach. Fort Walton Beach and Destin are nearby tourism destinations on Florida’s Emerald Coast, which spans from Panama City Beach to Pensacola Beach.
The Crestview Metropolitan Statistical Area (MSA), encompassing Okaloosa and Walton Counties in the Florida Panhandle, has nearly 270,000 residents. The area has experienced growth exceeding 25% since 2000. The economy is supported by military, tourism, fishing, and healthcare sectors, with Okaloosa County leading in healthcare services in Northwest Florida. Eglin Air Force Base is located between Crestview and Fort Walton Beach. Fort Walton Beach and Destin are nearby tourism destinations on Florida’s Emerald Coast, which spans from Panama City Beach to Pensacola Beach.
Key Highlights
- High traffic location on Hwy 85/S Ferdon Blvd with 44,000 AADT.
- Income‑producing property with existing tenants (Jimmy John's, QQ Smoke Shop, Billboard).
- Seller to credit Buyer 1 year of rent for the vacant tenant space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,344
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,880
$2.3M
Cap Rate 7%
$1,676,343
$1.7M
Cap Rate 9%
$1,303,822
$1.3M
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$161.3K $37.08/SF
− Vacancy
−$4.8K −$1.11/SF
EGI
$156.5K $35.97/SF
− OpEx
−$39.1K −$8.99/SF
NOI
$117.3K $26.98/SF
Area
Okaloosa County, FL
Vacancy
3.00%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,346,880
Cap Rate 7%
$1,676,343
Cap Rate 9%
$1,303,822
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,344 @ 7.0% cap · market cap 8.42%
Second Best
Retail
$893.3K
$781.6K – $1.04M
NOI $62,529 @ 7.0% cap · market cap 4.49%
Theoretical Best
—
—
same as Best Use
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
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
583k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Superstores 19%
Shops & Services 12%
Apparel 9%
Walmart
Superstores
92,260 visits/mo
0.2 miles
Chick-fil-A
Dining
51,665 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
34,124 visits/mo
0.5 miles
McDonald's
Dining
31,626 visits/mo
0.1 miles
Whataburger
Dining
26,991 visits/mo
0.4 miles
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Crestview Commons — 2680 S Ferdon Blvd Unit 201, Crestview, FL 32536
- Crestview corners — Crestview, FL 32539
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property with high traffic and development potential.
Where is this shopping center located?
The property is located at 3301 South Ferdon Boulevard Crestview, FL.
What is the asking price?
The asking price for this property is $1,394,000.
What are key features of this property?
This property features: High traffic location on Hwy 85/S Ferdon Blvd with 44,000 AADT.; Income‑producing property with existing tenants (Jimmy John's, QQ Smoke Shop, Billboard).; Seller to credit Buyer 1 year of rent for the vacant tenant space.
