641 N Ferdon Boulevard, Crestview, FL 32536
Versatile commercial property with income potential in prime location.
- Added:
- Apr 21, 2026
- Days on Market:
- 52
- Last Refresh:
- Apr 22 at 11:14 am
Property Features for 641 N Ferdon Boulevard
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 0.45 Acres
- Property subtype
- Commercial
Listing agent JANET F JOHNSON License #419424
Listing office ERA AMERICAN REAL ESTATE (850) 682-4822
Listing date Apr 21, 2026
Source Corcoran
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 ERA AMERICAN REAL ESTATE
HighLights
- High‑visibility location on heavily traveled Hwy 85 (N Ferdon Blvd)
- Immediate income potential from two leased units
- Approximately 4,080 square feet of heated and cooled space
- Strategic location near downtown Crestview and new Walmart Marketplace
- Approximately 18 parking spaces
- .45‑acre lot with additional storage
Overview
Local Financial Insights For Retail
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 | $90.6k | $22.20 |
| − Vacancy | −$6.8k | −$1.67 |
| EGI | $83.8k | $20.54 |
| − OpEx | −$25.1k | −$6.16 |
| NOI | $58.6k | $14.37 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Petal Barne — 648 Wilson St N, Crestview, FL 32536
- The Flower Basket Florist — 897 Wilson St N, Crestview, FL 32536
- Friendly Florist — 586 S Ferdon Blvd, Crestview, FL 32536
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.566861
- Latitude
- 30.7683596
