Car Wash with MU
New
For Sale
$3,000,000
5343 S Ferdon Blvd, Crestview, FL 32536
The site includes on-site stormwater management and allows for continued car wash use or commercial redevelopment under its MU zoning.
Property Size3,834 SF
Lot Size2.00 Acres
Days on Market1
Property Features for 5343 S Ferdon Blvd
General Information
Standard status
Active
Size
3,834 SF
Lot size
2.00 Acres
Property subtype
Retail
Zoning
Mixed Use (MU)
Site & Location
Traffic Count
42,500 vehicles/day
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Building Size
3,834 SF
Year Built
2020
Listing Agency:
Bellcore Commercial
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Oct 19
Last Checked: Oct 19 at 2:39PM
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 Bellcore Commercial
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Investment Insights
Based on property information with market context.
A car wash built in 2020 occupies this 2.00-acre commercial property. On-site stormwater management is part of the existing site improvements, and Mixed Use (MU) zoning supports continued car wash use or commercial redevelopment.
The property is at 5343 S Ferdon Blvd in Crestview, along SR 85. The corridor carries approximately 42,500 vehicles per day.
The property is at 5343 S Ferdon Blvd in Crestview, along SR 85. The corridor carries approximately 42,500 vehicles per day.
Key Highlights
- ±2.00 acres along S Ferdon Boulevard (SR 85)
- Approximately 42,500 vehicles per day on the corridor
- Mixed Use (MU) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,425
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,068,500
$2.1M
Cap Rate 7%
$1,477,500
$1.5M
Cap Rate 9%
$1,149,167
$1.1M
Market Conditions
NOI Build-Up for 3,834 SF
Gross rent
$142.2K $37.08/SF
− Vacancy
−$4.3K −$1.11/SF
EGI
$137.9K $35.97/SF
− OpEx
−$34.5K −$8.99/SF
NOI
$103.4K $26.98/SF
Area
Okaloosa County, FL
Vacancy
3.00%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,068,500
Cap Rate 7%
$1,477,500
Cap Rate 9%
$1,149,167
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,425 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$787.3K
$688.9K – $918.5K
NOI $55,112 @ 7.0% cap · market cap 1.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
42,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
CEFCO
Shops & Services
35,861 visits/mo
0.0 miles
Little Caesars Pizza
Dining
1,798 visits/mo
0.0 miles
Prime Storage
Shops & Services
845 visits/mo
0.1 miles
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
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
Frequently Asked Questions
What type of property is this?
Car wash - The site includes on-site stormwater management and allows for continued car wash use or commercial redevelopment under its MU zoning.
Where is this car wash located?
The property is located at 5343 S Ferdon Blvd Crestview, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: ±2.00 acres along S Ferdon Boulevard (SR 85); Approximately 42,500 vehicles per day on the corridor; Mixed Use (MU) zoning
