Retail and Office
For Sale
$375,000
426 West James Lee Boulevard, Crestview, FL 32536
Versatile building with direct frontage along Hwy 90, offering adaptable space for office, medical, or retail uses.
Property Size2,304 SF
Days on Market92
Property Features for 426 West James Lee Boulevard
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,304 SF
Buildings
1
Listing Agency:
RE/MAX
Listed By:
Preston House · License #BK
(850) 398-8898
Source:
Remaxcommercial
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 26 at 12:38PM
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 RE/MAX
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Investment Insights
Based on property information with market context.
This versatile commercial building is offered for sale with a spacious interior layout that can be adapted for a range of business uses, including medical, professional office, or retail. The asset is positioned to provide strong commercial presence along a main corridor.
The property has direct frontage along Hwy 90 and convenient access to major routes, including Hwy 85 and I-10. Located in the expanding Crestview market, it benefits from ongoing development and continued growth in the area.
For tenants or owner-occupants seeking flexibility, the configuration supports multiple operational needs while maintaining straightforward access for clients and staff via nearby highways.
The property has direct frontage along Hwy 90 and convenient access to major routes, including Hwy 85 and I-10. Located in the expanding Crestview market, it benefits from ongoing development and continued growth in the area.
For tenants or owner-occupants seeking flexibility, the configuration supports multiple operational needs while maintaining straightforward access for clients and staff via nearby highways.
Key Highlights
- Versatile commercial building with direct frontage along Hwy 90 in the Crestview market.
- Adaptable layout suitable for office, medical, or retail use.
- Located on a well‑traveled corridor with direct access and exposure along Hwy 90.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,119
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
$662.4K
Cap Rate 7%
$473,129
$473.1K
Cap Rate 9%
$367,989
$368.0K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$47.3K $20.54/SF
− OpEx
−$14.2K −$6.16/SF
NOI
$33.1K $14.37/SF
Area
Okaloosa County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
Cap Rate 7%
$473,129
Cap Rate 9%
$367,989
Alternative Uses
Best Use
Retail
$473.1K
$414.0K – $552.0K
NOI $33,119 @ 7.0% cap · market cap 8.83%
Second Best
Office B
$425.1K
$372.0K – $495.9K
NOI $29,756 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$887.9K
$776.9K – $1.04M
NOI $62,152 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Similar Off Market Nearby
- The Petal Barne — 648 Wilson St N, Crestview, FL 32536
- The Flower Basket Florist — 897 Wilson St N, Crestview, FL 32536
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile building with direct frontage along Hwy 90, offering adaptable space for office, medical, or retail uses.
Where is this storefront property located?
The property is located at 426 West James Lee Boulevard Crestview, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Versatile commercial building with direct frontage along Hwy 90 in the Crestview market.; Adaptable layout suitable for office, medical, or retail use.; Located on a well‑traveled corridor with direct access and exposure along Hwy 90.
