Medical Office Near
710 Hospital Dr, Crestview, FL 32539
Two-story medical office building near North Okaloosa County Medical Center.
Type:Office
Property size:
3,000 SFPrice / SF:
$239/SF- Added:
- Jan 27, 2026
- Days on Market:
- 125
- Last Refresh:
- Dec 3 at 5:49 am
Property Features for 710 Hospital Dr
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agent Corey Wayland License #251575364
Listing office DR Horton Realty SW FL LLC (239) 488-4766
Listing date Jan 27, 2026
Source Naiglobal
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 DR Horton Realty SW FL LLC
HighLights
- Close proximity to North Okaloosa Medical Center.
- Located just off Crestview's arterial S Ferdon Blvd and adjacent to North Okaloosa Medical Campus.
- Limited office space available in a growing area.
- Multiple exam rooms & offices.
- Large breakroom & kitchen.
- Currently occupied as a medical office (Panhandle Orthopaedics).
Overview
This two-story medical office building, comprising 3,000 square feet, is located near the North Okaloosa County Medical Center. Situated just off Crestview's arterial S Ferdon Blvd and adjacent to the North Okaloosa Medical Campus, the property is the current office of Panhandle Orthopaedics. The building contains multiple exam rooms and offices, along with a large breakroom and kitchen. The area of Crestview is experiencing growth, with new expansions underway. Given the limited office space available, this property presents a significant opportunity.
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
NOI $38,745 @ 7.0% cap · market cap 5.38%
Second Best
Healthcare Medical
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,927 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Panhandle Orthopaedics
Physician
Florida Center For Orthopaedics
Physician
Dr. Richard C. ...
Physician
Melanie Broome
Physician
Deborah Goodwin
Physician
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5604
- Latitude
- 30.7333
Nearby Similar for Sale
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 710 Hospital Dr Crestview, FL.
What is the asking price?
The asking price for this property is $719,500.
What are key features of this property?
This property features: Close proximity to North Okaloosa Medical Center.; Located just off Crestview's arterial S Ferdon Blvd and adjacent to North Okaloosa Medical Campus.; Limited office space available in a growing area.
