Freestanding Showroom
507 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548
For Sale
Contact for pricing
Freestanding showroom building with a fully renovated interior, new metal roof, and new HVAC for flexible retail or service use.
Property Size3,760 SF
Price / SF$368.35
Days on Market246
Property Features for 507 Mary Esther Cut Off NW
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Listing Agency:
NBI Properties, Inc.
(850) 243-0007
Listed By:
Dustin Parkman · License FL #3307056
(850) 218-8468
Source:
Moodyscre
Added: Mar 11
Changed: Nov 10
Last Checked: Nov 10 at 10:39AM
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 NBI Properties, Inc.
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Investment Insights
Based on property information with market context.
Freestanding showroom building offering 3,760 SF of commercial space, positioned for owner-user or investor use. The interior has been fully renovated with updated finishes, and exterior improvements include a new metal roof, new HVAC, and exterior panel replacements.
The property is located along the heavily traveled Mary Esther Cutoff and just east of a lighted intersection, supporting strong day-to-day visibility and convenient access. The building’s layout is described as versatile and well-suited for retail, showroom, or service-based operations.
The offering is marketed as turnkey, with the ability for the property to be vacated 30 days after close, supporting operational planning for a new user or tenant.
The property is located along the heavily traveled Mary Esther Cutoff and just east of a lighted intersection, supporting strong day-to-day visibility and convenient access. The building’s layout is described as versatile and well-suited for retail, showroom, or service-based operations.
The offering is marketed as turnkey, with the ability for the property to be vacated 30 days after close, supporting operational planning for a new user or tenant.
Key Highlights
- 3,760 SF freestanding showroom building
- Heavily traveled Mary Esther Cutoff with strong visibility and access
- Just east of a lighted intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,048
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,960
$1.1M
Cap Rate 7%
$772,114
$772.1K
Cap Rate 9%
$600,533
$600.5K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$83.5K $22.20/SF
− Vacancy
−$6.3K −$1.67/SF
EGI
$77.2K $20.54/SF
− OpEx
−$23.2K −$6.16/SF
NOI
$54.0K $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%
$1,080,960
Cap Rate 7%
$772,114
Cap Rate 9%
$600,533
Alternative Uses
Best Use
Retail
$772.1K
$675.6K – $900.8K
NOI $54,048 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,429 @ 7.0% cap · market cap 7.32%
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
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
393k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 16%
Groceries 15%
Shops & Services 14%
T.J. Maxx
Apparel
47,966 visits/mo
0.4 miles
Publix
Groceries
33,069 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
31,524 visits/mo
0.4 miles
Aldi
Groceries
24,531 visits/mo
0.2 miles
Michaels
Shops & Services
23,304 visits/mo
0.5 miles
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Versatile Installation — 283 Echo Cir, Fort Walton Beach, FL 32548
Frequently Asked Questions
What type of property is this?
Showroom - Freestanding showroom building with a fully renovated interior, new metal roof, and new HVAC for flexible retail or service use.
Where is this showroom located?
The property is located at 507 Mary Esther Cut Off NW Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 3,760 SF freestanding showroom building; Heavily traveled Mary Esther Cutoff with strong visibility and access; Just east of a lighted intersection
