Two-Unit Office
58 Beal Parkway #A & B, Fort Walton Beach, FL 32548
For Sale
$524,900
Six private offices and two reception areas support a divided or combined workspace.
Property Size1,800 SF
Price / SF$291.61
Days on Market239
Property Features for 58 Beal Parkway #A & B
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Office Units
Property Use
Amenities
attached storage
storage shed
fenced yard
Building Details
Year Renovated
Buildings
Listing Agency:
EGLIN REALTY INC
(850) 314-9618
Listed By:
JUDY COUTO · License FL #702519
(850) 240-9618
Source:
Corcoran
Added: Mar 18
Changed: Nov 10
Last Checked: Nov 10 at 8:39AM
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 EGLIN REALTY INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot office property is configured as two units, with two reception areas, six private offices, a utility room, break room, and two restrooms. A connecting door allows the units to function together. The property also includes attached storage, a separate shed, a fenced yard, and a roof installed in 2021.
Parking is available on site, with access from Beal Parkway and a parking area along Holmes Boulevard.
Parking is available on site, with access from Beal Parkway and a parking area along Holmes Boulevard.
Key Highlights
- 1,800‑square‑foot office property arranged as two units
- Six private offices, two reception areas, a break room, utility room, and two restrooms
- Connecting door allows the two units to be used together
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,247
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,940
$464.9K
Cap Rate 7%
$332,100
$332.1K
Cap Rate 9%
$258,300
$258.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$37.8K $21.00/SF
− Vacancy
−$6.8K −$3.78/SF
EGI
$31.0K $17.22/SF
− OpEx
−$7.7K −$4.31/SF
NOI
$23.2K $12.92/SF
Area
Okaloosa County, FL
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,940
Cap Rate 7%
$332,100
Cap Rate 9%
$258,300
Alternative Uses
Best Use
Office B
$332.1K
$290.6K – $387.5K
NOI $23,247 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$693.7K
$607.0K – $809.3K
NOI $48,556 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
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
$291,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Fort Walton Beach, FL
Properties on Market for Office Units in Fort Walton Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Six private offices and two reception areas support a divided or combined workspace.
Where is this office unit located?
The property is located at 58 Beal Parkway #A & B Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 1,800‑square‑foot office property arranged as two units; Six private offices, two reception areas, a break room, utility room, and two restrooms; Connecting door allows the two units to be used together
