Freestanding Warehouse
431 Racetrack Road Northwest Fort Walton Beach, FL 32547
431 Racetrack Road Northwest, Fort Walton Beach, FL, 32547
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For Sale
Contact for pricing
Freestanding building with glass storefront showroom, offices, and rear warehouse with two roll-up doors.
Property Size5,670 SF
Price / SF$132.28
Days on Market45
Property Features for 431 Racetrack Road Northwest
General Information
- Standard status
- Active
- Size
- 5,670 SF
- Property subtype
- Industrial
Listing agency
Taylor Allen Properties
(850) 865-9123
Listed by
Brett Stuart · License #FL 678851
Source
Crexi
Added: Jun 8 Updated: Jul 21 at 1:11AM Checked: Jul 21 at 1:11AM
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 Taylor Allen Properties
Investment Insights
Based on property information with market context.
This freestanding, income-producing building is occupied by Wesco Gas and configured with a glass storefront that opens to an associated showroom area. The interior includes new LVP flooring, multiple offices, a kitchen/break area, and two restrooms. The rear portion functions as a warehouse with two roll-up doors, supporting practical loading and operations.
The property is positioned along Racetrack Road in Fort Walton Beach, with a highly visible presence and a nice amount of parking suited to larger trucks and trailers. A fenced rear lot is also in place for outdoor storage.
The building footprint is approximately 2,500 SF for showroom/office space and approximately 3,000 SF for warehouse space, offering a combined front-of-house retail or service feel with back-of-house warehousing functionality.
The property is positioned along Racetrack Road in Fort Walton Beach, with a highly visible presence and a nice amount of parking suited to larger trucks and trailers. A fenced rear lot is also in place for outdoor storage.
The building footprint is approximately 2,500 SF for showroom/office space and approximately 3,000 SF for warehouse space, offering a combined front-of-house retail or service feel with back-of-house warehousing functionality.
Key Highlights
- Freestanding, income‑producing property occupied by Wesco Gas
- Highly visible location along Racetrack Road in Fort Walton Beach, FL
- Glass storefront with open showroom, plus 2 restrooms, several offices, and a kitchen/break area
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.1k | $18.00 |
| − Vacancy | −$6.1k | −$1.08 |
| EGI | $95.9k | $16.92 |
| − OpEx | −$33.6k | −$5.92 |
| NOI | $62.4k | $11.00 |
5,670 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$890.8K
$779.5K – $1.04M
NOI $62,359 @ 7.0% cap · market cap 8.31%
Second Best
Warehouse
$550.6K
$481.8K – $642.4K
NOI $38,541 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $152,952 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Independent Flooring
Carpet & Flooring Store
Independent Flooring and Blinds
Carpet & Flooring Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Freestanding building with glass storefront showroom, offices, and rear warehouse with two roll-up doors.
Where is this flex space located?
The property is located at 431 Racetrack Road Northwest Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Freestanding, income‑producing property occupied by Wesco Gas; Highly visible location along Racetrack Road in Fort Walton Beach, FL; Glass storefront with open showroom, plus 2 restrooms, several offices, and a kitchen/break area
