Commercial Office Duplex with
58 Beal Pkwy NW Fort Walton Beach, FL 32548
For Sale
Contact for pricing
Office duplex features two reception areas, multiple private offices, restrooms, attached storage, and a large fenced yard.
Property Size1,800 SF
Price / SF$302.78
Days on Market137
Property Features for 58 Beal Pkwy NW
General Information
Standard status
Active
Size
1,800 SF
Property subtype
OFFICE
Listing Agency:
Eglin Realty, Inc
(850) 314-9618
Listed By:
Judy Couto · License #702519
(850) 314-9618
Source:
Moodyscre
Added: Mar 16
Changed: Jul 28
Last Checked: Jul 29 at 3:28PM
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
Investment Insights
Based on property information with market context.
This commercial office duplex offers a flexible layout with two reception areas and six private offices, along with a utility room, break room, and two restrooms. The property also includes attached storage, a separate storage shed, and a large fenced yard for added functionality.
The building is positioned for visibility along Beal Parkway, with direct access from the main corridor. Additional parking is available, including a large parking area on the side fronting Holmes Boulevard.
The duplex can be used as two separate units or configured as a single larger space by opening the connecting door, which may support a range of business operations. A new roof was installed in 2021.
The building is positioned for visibility along Beal Parkway, with direct access from the main corridor. Additional parking is available, including a large parking area on the side fronting Holmes Boulevard.
The duplex can be used as two separate units or configured as a single larger space by opening the connecting door, which may support a range of business operations. A new roof was installed in 2021.
Key Highlights
- 1,800 SF commercial office duplex with prominent frontage and direct access from Beal Parkway
- Interior layout includes two reception areas, six private offices, utility room, break room, and two restrooms
- Can be used as two separate units or converted to a single larger space by opening the connecting door
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $21.00 |
| − Vacancy | −$6.8k | −$3.78 |
| EGI | $31.0k | $17.22 |
| − OpEx | −$7.7k | −$4.31 |
| NOI | $23.2k | $12.92 |
1,800 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$332.1K
$290.6K – $387.5K
NOI $23,247 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$693.7K
$607.0K – $809.3K
NOI $48,556 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office duplex features two reception areas, multiple private offices, restrooms, attached storage, and a large fenced yard.
Where is this office units located?
The property is located at 58 Beal Pkwy NW Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 1,800 SF commercial office duplex with prominent frontage and direct access from Beal Parkway; Interior layout includes two reception areas, six private offices, utility room, break room, and two restrooms; Can be used as two separate units or converted to a single larger space by opening the connecting door
