High-Visibility Commercial Property on Hwy
641 N Ferdon Boulevard Crestview, FL 32536
For Sale
$795,000
Versatile commercial property with income potential in prime location.
Property Size4,080 SF
Lot Size0.45 Acres
Price / SF$194.85
Days on Market98
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 Agency:
ERA AMERICAN REAL ESTATE
(850) 682-4822
Listed By:
JANET F JOHNSON · License #419424
Source:
Corcoran
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 26 at 9:18AM
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
Investment Insights
Based on property information with market context.
This commercial property is located in a high-visibility area along Hwy 85 (N Ferdon Blvd). The property includes approximately 4,080 square feet of heated and cooled space, plus additional storage, situated on a 0.45-acre lot. The building is configured into three units, with two currently leased. There are approximately 18 parking spaces. The location is just minutes from downtown Crestview and the new Walmart Marketplace currently under construction. The property has commercial frontage along one of Crestview's main corridors.
Key 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
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 |
4,080 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$837.8K
$733.1K – $977.5K
NOI $58,648 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.83M
NOI $110,061 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
My Sister's Closet
Clothing & Fashion Store
Similar Off Market 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
FAQs
What type of property is this?
Storefront property - Versatile commercial property with income potential in prime location.
Where is this storefront property located?
The property is located at 641 N Ferdon Boulevard Crestview, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 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
