Warehouse Property with Pole
For Sale
$445,000
4156 Painter Branch Road, Crestview, FL 32539
Commercial for Sale, Crestview, FL
Property Size5,000 SF
Lot Size4.47 Acres
Price / SF$89
Days on Market275
Property Features for 4156 Painter Branch Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Off of HWY 393 go onto Poverty Creek Rd then Painter Branch Rd.
Subdivision
25 - Crestview Area
Standard status
Active
APN
28-4N-22-0000-0002-019A
Lot size
4.47 Acres
Taxes and HOA fees
Tax Description
BEG 704.85 FT S & 3912 FT E OF NW COR OF SW1/4 E326
Legal Description
BEG 704.85 FT S & 3912 FT E OF NW COR OF SW1/4 E326
Listing Agency:
NBI Properties Inc
Listed By:
Craig S Barrett · License #3294646
(850) 243-0007
Added: Jan 26
Changed: Oct 1
Last Checked: Oct 28 at 12:06PM
MLS# 993729
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.
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Investment Insights
Based on property information with market context.
This 4.47-acre warehouse property includes a 5,000-square-foot Quonset hut built on a 15-inch concrete slab. The building has a loading dock, full utility access, and a rooftop sprinkler system designed to help moderate interior temperatures. Electronic entry gates were recently installed, providing controlled access to the site.
A new pole barn accommodates a 45-foot RV. The property also includes two municipal water meters, a deep water well, two like-new septic systems, and three RV hookups with both 30 AMP and 50 AMP service. The combination of enclosed warehouse space, covered outdoor capacity, and multiple utility systems supports a range of industrial and storage functions.
A new pole barn accommodates a 45-foot RV. The property also includes two municipal water meters, a deep water well, two like-new septic systems, and three RV hookups with both 30 AMP and 50 AMP service. The combination of enclosed warehouse space, covered outdoor capacity, and multiple utility systems supports a range of industrial and storage functions.
Key Highlights
- 4.47‑acre warehouse property
- 5,000‑square‑foot Quonset hut on a 15‑inch concrete slab
- Loading dock, full utility access, and rooftop sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,986
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,720
$679.7K
Cap Rate 7%
$485,514
$485.5K
Cap Rate 9%
$377,622
$377.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$42.0K $8.40/SF
− Vacancy
−$2.0K −$0.40/SF
EGI
$40.0K $8.00/SF
− OpEx
−$6.0K −$1.20/SF
NOI
$34.0K $6.80/SF
Area
Okaloosa County, FL
Vacancy
4.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,720
Cap Rate 7%
$485,514
Cap Rate 9%
$377,622
Alternative Uses
Best Use
Flex RnD
$785.6K
$687.4K – $916.5K
NOI $54,990 @ 7.0% cap · market cap 12.36%
Second Best
Warehouse
$485.5K
$424.8K – $566.4K
NOI $33,986 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,879 @ 7.0% cap · market cap 30.31%
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
Dock-high doors
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32539, FL
31,749
Population
12,642
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
127.9 sq mi
ZIP Area
248
Density / Sq Mi
$72,521
Median Household Income
$40,064
Median Earnings
$1,323
Median Rent
$272,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with gated access, outdoor storage capacity, loading dock, and full utility service.
Where is this warehouse located?
The property is located at 4156 Painter Branch Road Crestview, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 4.47‑acre warehouse property; 5,000‑square‑foot Quonset hut on a 15‑inch concrete slab; Loading dock, full utility access, and rooftop sprinkler system
