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Class A Office Building
For Lease
$30 SF/Yr

511 Government Avenue, Valparaiso, FL 32580

Commercial for Lease, Valparaiso, FL

Space SizeContact for details
Lot Size13.47 Acres
Days on Market216

Property Features for 511 Government Avenue

General Information

Property type Commercial Lease
Property subtype Office
Property condition Under Construction
Directions Located in Valparaiso at the corner of Government Avenue & Valparaiso Parkway. The District office building is located 1.5 miles from Eglin AFB east gate.
Subdivision 13 - Niceville
Standard status Active
APN 12-1S-23-253E-0012-0030
Size 123,500 SF
Lot size 13.47 Acres

Amenities

ground floor dining facility
coffee bar
green space
multi-purpose room

Building Details

Year built 2025
Listing Agency: Taylor Allen Properties LLC
Listed By: Brett D Stuart · License #678851
Added: Feb 9 Changed: Sep 11 Last Checked: Sep 13 at 7:06PM
MLS# 994838

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.

Office units are available within a 123,500-square-foot Class A building situated on a 13.47-acre campus. The property is designed as a professional office environment with technology, safety, and occupant comfort incorporated into the facility. Tenant spaces are available, and Okaloosa Gas serves as the anchor tenant.

Shared campus amenities include a ground-floor dining facility and coffee bar open to the public, landscaped green space, and a multipurpose room with capacity for up to 300 people. The property is near the East Gate of Eglin AFB, providing access to a setting associated with defense contractors and professional office users.

Key Highlights

  • 123,500‑square‑foot Class A office building
  • Office campus spans 13.47 acres
  • Near the East Gate of Eglin AFB

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Bakery

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby

Demographics for 32580, FL

4,120
Population
1,936
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
528
Density / Sq Mi
$85,385
Median Household Income
$50,546
Median Earnings
$1,268
Median Rent
$348,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Valparaiso, FL

$30.5 /SF/Yr
Avg Asking Price
$30–$33 /SF/Yr
Price Range
89,992 SF
Avg Space Size

This space is priced 2% below the average of $30.5 /SF/Yr.

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 - Office suites within a 13.47-acre campus featuring shared dining, coffee, green space, and event facilities.
Where is this office units located?
The property is located at 511 Government Avenue Valparaiso, FL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 123,500‑square‑foot Class A office building; Office campus spans 13.47 acres; Near the East Gate of Eglin AFB
More about this property
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