Office Duplex with Fenced
For Sale
$524,900
58 Beal Parkway, Fort Walton Beach, FL 32548
Commercial for Sale, Fort Walton Beach, FL
Property Size1,800 SF
Lot Size0.24 Acres
Price / SF$291.61
Days on Market227
Property Features for 58 Beal Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Hwy 98 - North on Beal - Property is on your left.at the corner of Beal and Holmes.
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
14-2S-24-0000-0004-0000
Lot size
0.24 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
BEG NE COR SEC S 205 FT W 50 FT FOR BEG W 85 FT S 125 FT E 85 FT N 125 FT TO BEG
Legal Description
BEG NE COR SEC S 205 FT W 50 FT FOR BEG W 85 FT S 125 FT E 85 FT N 125 FT TO BEG
Listing Agency:
Eglin Realty Inc
Listed By:
Judy Couto · License #702519
(850) 314-9618
Added: Mar 16
Changed: Oct 27
Last Checked: Oct 28 at 12:06PM
MLS# 998257
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.
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Investment Insights
Based on property information with market context.
This office property is configured as a duplex, with two reception areas, six private offices, a utility room, break room, and two restrooms. A connecting door allows the suites to function separately or as one larger space. The building also includes attached storage and a separate storage shed, with a fenced yard and a new roof installed in 2021.
Located at 58 Beal Parkway in Fort Walton Beach, the property has access from Beal Parkway and parking along the side fronting Holmes Boulevard. The site measures 0.24 acres.
Located at 58 Beal Parkway in Fort Walton Beach, the property has access from Beal Parkway and parking along the side fronting Holmes Boulevard. The site measures 0.24 acres.
Key Highlights
- Two reception areas, six private offices, a utility room, break room, and two restrooms
- Duplex layout can be used as two units or combined through a connecting door
- New roof installed in 2021
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,300
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office suites can operate independently or connect as a larger workspace.
Where is this office building located?
The property is located at 58 Beal Parkway 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: Two reception areas, six private offices, a utility room, break room, and two restrooms; Duplex layout can be used as two units or combined through a connecting door; New roof installed in 2021
