Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space Near Eglin Parkway Title is generated by Realmo AI

    5 Clifford Drive, Shalimar, FL 32579

    View on Map
    Claim this Listing
    For Lease
    $4,925 /Mo

    Commercial space for rent, located near Eglin Parkway.

    Added:
    Jan 30, 2026
    Days on Market:
    122
    Last Refresh:
    Apr 4 at 2:30 am

    Property Features for 5 Clifford Drive

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    M Kevin Bethea
    M Kevin Bethea

    Listing agent M Kevin Bethea License #450832

    Listing office Realty House Commercial Properties, Inc

    Listing date Jan 30, 2026

    Source Evrealestate

    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 Realty House Commercial Properties, Inc

    HighLights

    • Convenient location across the street from the Shalimar Post Office
    • Located in Okaloosa County
    • Built in 1985
    • Clifford St is parallel with Eglin Pkwy

    Overview

    This commercial space is situated across the street from the Shalimar Post Office. The property is located on Clifford Street, which runs parallel to Eglin Parkway in Okaloosa County.
    Location Intelligence

    Current Use by Public Records

    Goodwin Law Group, ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shalimar
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5845757
    Latitude
    30.4388737

    Nearby Similar for Lease

    • $1,585/Mo
      1,057 SF

      Professional Office Suite For Rent

      Professional office suite available for lease, totaling 1,057 square feet.
      6 11Th Street #101, Shalimar, FL 32579
      View Details
    • $3,542/Mo

      Shalimar Office Space Available

      Office space for rent in Shalimar, Florida.
      4 9th Avenue Suite B, Shalimar, FL 32579
      View Details
    • $550/Mo

      Professional Business Suite For Rent

      Business suite with utilities included and flexible lease terms.
      4 9th Avenue #E115, Shalimar, FL 32579
      View Details
    • Contact for pricing
      5,000 SF

      Charming Office Building Near Eglin

      Three-story office building with ample parking and convenient location.
      5 Clifford Drive, Shalimar, FL, 32579
      View Details
    • $920/Mo

      221 SF Private Office Suite For Lease (Floor 1, Suite E108 & E110)

      221 sq ft office suite with flexible lease terms.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $500/Mo

      80 SF Private Office Suite For Lease (Floor 1, Suite E112)

      80 sq ft office suite with included utilities and Wi-Fi.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $2,500/Mo

      1,920 SF Office For Lease - 1184 Eglin Parkway (Suite 1184)

      Exceptional 1,920 sq ft office space for lease in Shalimar.
      1184 Eglin Parkway, Shalimar, FL 32579
      View Details
    • $582/Mo

      140 SF Private Office Suite For Lease (Floor 1, Suite E111)

      140 SF private office suite with flexible lease terms.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • Contact for pricing
      1,432 SF

      Class A Office Space Available

      Class A office space for rent with reception area.
      102 Sunset Ln, Shalimar, FL
      View Details
    • $17 SF/Yr

      2,508 SF Office For Lease (Suite A) - 4 9th Avenue

      2,508 SF office space in Shalimar, Florida available for lease.
      4 9th Avenue, Shalimar, FL 32579
      View Details
    • $2,500/Mo
      1,920 SF

      Office Space Available For Rent

      Office space available for lease in Shalimar, Florida.
      1184 Eglin Parkway, Shalimar, FL 32579
      View Details
    • $920/Mo

      Professional Business Suite For Rent

      Business suites with flexible lease terms and included utilities.
      4 9th Avenue #E108 & E109, Shalimar, Shalimar, FL 32579
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space for rent, located near Eglin Parkway.
    Where is this specialty property located?
    The property is located at 5 Clifford Drive Shalimar, FL.
    What is the lease rate?
    The lease rate is $4,925 /Mo.
    What are key features of this property?
    This property features: Convenient location across the street from the Shalimar Post Office; Located in Okaloosa County; Built in 1985
    (850) 585-7277
    We can help!
    Listing Contact
    M Kevin Bethea
    M Kevin Bethea
    Real Estate License ID: 450832
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 Clifford Drive, Shalimar, FL 32579
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!