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Multi-Suite Office Property
For Lease
$3,855/Mo

5 Farquar Lane, Shalimar, FL 32579

Commercial for Lease, Shalimar, FL

Space SizeContact for details
Lot Size0.10 Acres
Days on Market141

Property Features for 5 Farquar Lane

General Information

Property type Commercial Lease
Property subtype Office
Zoning Commercial
Directions Located in the Shalimar Business Center Complex across from the new Okaloosa County Administration Office on 11th Street.
Subdivision 12 - Fort Walton Beach
Standard status Active
APN 05-2S-23-2080-0119-0250
Lot size 0.10 Acres

Amenities

break room
reception area
his & her ADA bathrooms
Listing Agency: NBI Properties Inc
Listed By: Dennis Fortenberry · License #627640
Added: Apr 24 Changed: Sep 11 Last Checked: Sep 11 at 4:06PM
MLS# 1007722

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.

Investment Insights

Based on property information with market context.

This office property at 5 Farquar Lane includes five individual office suites along with a larger executive office and adjoining sitting area. The layout also provides a conference room, reception area, break room, and separate ADA-compliant restrooms, supporting a range of professional office configurations. The property is situated on a 0.1-acre site in Shalimar, Florida, within Okaloosa County, and carries Commercial zoning. The available improvements combine private offices with shared administrative and meeting areas in a single commercial setting.

Key Highlights

  • Five office suites within one commercial property
  • Large executive office with adjoining sitting area
  • Conference room, reception area, and break room

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Hair Salon Auto Repair Shop Spa & Massage Center Dental Office Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 32579, FL

10,444
Population
5,130
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
2,984
Density / Sq Mi
$98,014
Median Household Income
$46,926
Median Earnings
$1,582
Median Rent
$430,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Shalimar, FL

$16.52 /SF/Yr
Avg Asking Price
$4.95–$24.3 /SF/Yr
Price Range
2,672 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Commercially zoned workspace with executive office, conference room, reception, break area, and ADA restrooms.
Where is this office units located?
The property is located at 5 Farquar Lane Shalimar, FL.
What is the lease rate?
The lease rate is $3,855/Mo.
What are key features of this property?
This property features: Five office suites within one commercial property; Large executive office with adjoining sitting area; Conference room, reception area, and break room
More about this property
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