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    Medical Office Near Hospital Title is generated by Realmo AI

    600 Hospital Dr, Crestview, FL

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    Two-story medical office building near North Okaloosa County Medical Center.

    Type:OFFICE
    Property size:
    3,000 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $240/SF
    Added:
    Nov 25, 2025
    Days on Market:
    223
    Last Refresh:
    May 20 at 8:41 pm

    Property Features for 600 Hospital Dr

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.14 Acres
    Property subtype
    OFFICE

    Properties For Sale

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    Terry Koehn

    Listing office NAI TALCOR | Tallahassee

    Listing date Nov 25, 2025

    Source Moodyscre

    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 NAI TALCOR | Tallahassee

    HighLights

    • Convenient location near North Okaloosa County Medical Center
    • Limited office space available in the area
    • Growing area of Crestview with new expansions
    • Two‑story medical office building
    • Offers great opportunity
    • Suitable for medical practices

    Overview

    This two-story medical office building is located near the North Okaloosa County Medical Center in Crestview, Florida. The area is experiencing growth with new expansions underway. The property offers an opportunity in a market with limited office space available. The building has a size of 3,000 square feet.

    Local 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 $63.0k $21.00
    − Vacancy −$11.3k −$3.78
    EGI $51.7k $17.22
    − OpEx −$12.9k −$4.31
    NOI $38.7k $12.92
    3,000 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $553.5K
    $484.3K – $645.8K (±1% cap)
    NOI $38,745 @ 7.0% cap · market cap 5.38%
    Second Best
    Healthcare Medical
    $483.3K
    $422.9K – $563.9K (±1% cap)
    NOI $33,831 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Specialty Retail
    $1.16M
    $1.01M – $1.35M (±1% cap)
    NOI $80,927 @ 7.0% cap · market cap 11.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jimenez Derek MD Physician Dr. James P. ... Physician Aldred Van MD Ophthalmologist ABC Pediatrics Of Crestview Pediatrician Gomez Luis MD Pediatrician

    Suggested Use

    Law Firm Nail Salon Big Box & Wholesale Store Building Supply HVAC Service Kitchen & Bath Showroom Bar & Pub Computer & Electronic Repair Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5604
    Latitude
    30.7337

    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office building near North Okaloosa County Medical Center.
    Where is this medical office space located?
    The property is located at 600 Hospital Dr Crestview, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Convenient location near North Okaloosa County Medical Center; Limited office space available in the area; Growing area of Crestview with new expansions
    (850) 224-2300 Call to check price and availability
    More about this property
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