Retail Building with Liquor
For Sale
$1,695,000
739 N Ferdon Boulevard, Crestview, FL 32536
Retail building on 1.03 acres with direct corridor frontage and a 6COP liquor license included in the sale.
Property Size4,695 SF
Lot Size1.03 Acres
Price / SF$361.02
Days on Market115
Property Features for 739 N Ferdon Boulevard
General Information
Standard status
Active
Size
4,695 SF
Class
Income Producing, Retail
Lot size
1.03 Acres
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
NBI Properties Inc
(850) 852-7653
Listed By:
Brian and Mel Marshall · License #3307056
(850) 852-7653
Source:
Stagerightgroup.idxbroker
Added: May 8
Changed: Aug 28
Last Checked: Aug 30 at 1:07PM
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 NBI Properties Inc
Investment Insights
Based on property information with market context.
This 4,695 SF retail building sits on 1.03 acres and is offered with a 6COP liquor license included in the sale. The property is positioned to support an operating bar, with the business currently carrying approximately $50,000–$60,000 in inventory and generating about $40,000 per month in bar revenue, providing an owner-operator or investor with immediate income stream potential.
The site has direct frontage on N Ferdon Blvd along one of Crestview’s busiest commercial corridors, supported by a daily traffic count of 30,000 vehicles for consistent visibility and customer exposure.
For buyers looking for both real estate and operational flexibility, the included liquor license (reported value between $300,000 and $500,000) adds built-in equity. The property is offered for sale, with owner financing available.
The site has direct frontage on N Ferdon Blvd along one of Crestview’s busiest commercial corridors, supported by a daily traffic count of 30,000 vehicles for consistent visibility and customer exposure.
For buyers looking for both real estate and operational flexibility, the included liquor license (reported value between $300,000 and $500,000) adds built-in equity. The property is offered for sale, with owner financing available.
Key Highlights
- 4,695 SF retail building on 1.03 acres with direct frontage on N Ferdon Blvd in Crestview
- Daily traffic count of 30,000 vehicles for ongoing storefront exposure
- 6COP liquor license included in the sale (valued at $300,000–$500,000)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,533,020
$2.5M
Cap Rate 7%
$1,809,300
$1.8M
Cap Rate 9%
$1,407,233
$1.4M
Market Conditions
NOI Build-Up for 4,695 SF
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.
Gross rent
$174.1K $37.08/SF
− Vacancy
−$5.2K −$1.11/SF
EGI
$168.9K $35.97/SF
− OpEx
−$42.2K −$8.99/SF
NOI
$126.7K $26.98/SF
Area
Okaloosa County, FL
Vacancy
3.00%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,533,020
Cap Rate 7%
$1,809,300
Cap Rate 9%
$1,407,233
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,651 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Home Improvements & Furnishings 12%
Apparel 7%
Dining 4%
CEFCO
Shops & Services
27,708 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,396 visits/mo
0.3 miles
Consolidated Ace Hdwe & Sply Inc
Home Improvements & Furnishings
9,755 visits/mo
0.2 miles
Tom Thumb Food Stores
Shops & Services
6,991 visits/mo
0.2 miles
Goodwill
Apparel
5,803 visits/mo
0.1 miles
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cash's Ice House — 739 N Ferdon Blvd, Crestview, FL 32536
Frequently Asked Questions
What type of property is this?
Bar & Pub - Retail building on 1.03 acres with direct corridor frontage and a 6COP liquor license included in the sale.
Where is this bar & pub located?
The property is located at 739 N Ferdon Boulevard Crestview, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 4,695 SF retail building on 1.03 acres with direct frontage on N Ferdon Blvd in Crestview; Daily traffic count of 30,000 vehicles for ongoing storefront exposure; 6COP liquor license included in the sale (valued at $300,000–$500,000)
