High-Visibility Commercial Office
58 Beal Pkwy Unit A & B, Fort Walton Beach, FL 32548
For Sale
$524,900
1,800 SF commercial property with high visibility and flexibility.
Property Size1,800 SF
Price / SF$291.61
Days on Market244
Property Features for 58 Beal Pkwy Unit A & B
General Information
Standard status
Size
Property subtype
Listing Agency:
Eglin Realty Inc
Listed By:
Judy Couto · License FL #702519
(850) 314-9618
Source:
Emeraldcoasthomefinder
Added: Mar 13
Changed: Nov 10
Last Checked: Nov 10 at 10:45AM
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 SF commercial property is located on Beal Parkway, a busy corridor. The property features two reception areas and six private offices, along with a utility room, break room, and two restrooms. Additional features include attached storage, a separate storage shed, and a large fenced yard. Ample parking is available with direct access from Beal Parkway, with additional spaces on the side fronting Holmes Boulevard. The layout is designed with flexibility in mind, and the duplex can be utilized as two separate units or converted into a single, larger space by opening the connecting door. This property is suitable for a range of professional or retail uses, offering maximum exposure and accessibility.
Key Highlights
- Prime commercial office duplex with outstanding visibility on Beal Parkway.
- Flexible layout featuring two reception areas and six private offices.
- Ample parking with direct access from Beal Parkway and additional spaces on Holmes Boulevard.
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
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
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - 1,800 SF commercial property with high visibility and flexibility.
Where is this office unit located?
The property is located at 58 Beal Pkwy Unit 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: Prime commercial office duplex with outstanding visibility on Beal Parkway.; Flexible layout featuring two reception areas and six private offices.; Ample parking with direct access from Beal Parkway and additional spaces on Holmes Boulevard.
