Retail Space with Liquor
For Sale
$1,695,000
739 N Ferdon Boulevard, Crestview, FL 32536
Commercial for Sale, Crestview, FL
Property Size4,695 SF
Lot Size1.03 Acres
Price / SF$361.02
Days on Market175
Property Features for 739 N Ferdon Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Head north on FL-283 or FL-395 Take it all the way to US-331 N. Turn right onto US-331 N Continue for about 12-15 miles until you reach DeFuniak Springs. Turn left onto US-90 W Stay on US-90 W for about 14 miles toward Crestview. Turn right onto N Ferdon Blvd / FL-85 N This is the main commercial corridor through Crestview. Continue north for about 1 mile property on the left
Subdivision
25 - Crestview Area
Standard status
Active
APN
08-3N-23-0000-0025-0010
Lot size
1.03 Acres
Taxes and HOA fees
Tax Description
Beg Se Cor Of Nw1/4 Of Se1/4 W 543.84 Ft To W R/W L&N Nely Alg R/W 565 Ft To Pob W 298.3 Ft To E R/W Hwy Ne Alg Hy 189 Ft S 78 Deg E 281.26 Ft To L&N R/W Sw Alg R/W 126.96 Ft To Pob 1087-156
Legal Description
Beg Se Cor Of Nw1/4 Of Se1/4 W 543.84 Ft To W R/W L&N Nely Alg R/W 565 Ft To Pob W 298.3 Ft To E R/W Hwy Ne Alg Hy 189 Ft S 78 Deg E 281.26 Ft To L&N R/W Sw Alg R/W 126.96 Ft To Pob 1087-156
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
Dustin Parkman · License #3307056
(850) 218-8408
Added: May 7
Changed: Oct 1
Last Checked: Oct 28 at 2:06AM
MLS# 1002526
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail property occupies 1.03 acres along N Ferdon Boulevard in Crestview, with an existing bar operation associated with the site. The sale includes a 6COP liquor license, adding a specific operational asset to the real estate offering.
The property has direct frontage on N Ferdon Boulevard, a commercial corridor with reported daily traffic of 30,000 vehicles. The site is located at 739 N Ferdon Boulevard in Crestview, Florida, within Okaloosa County and the 32536 postal area.
The property has direct frontage on N Ferdon Boulevard, a commercial corridor with reported daily traffic of 30,000 vehicles. The site is located at 739 N Ferdon Boulevard in Crestview, Florida, within Okaloosa County and the 32536 postal area.
Key Highlights
- Retail property situated on 1.03 acres
- Direct frontage on N Ferdon Boulevard
- Reported daily traffic count of 30,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,651
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
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
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 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
Retail
$964.1K
$843.6K – $1.12M
NOI $67,488 @ 7.0% cap · market cap 3.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
83k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Direct frontage along N Ferdon Boulevard places the property on a corridor carrying 30,000 vehicles daily.
Where is this retail space 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: Retail property situated on 1.03 acres; Direct frontage on N Ferdon Boulevard; Reported daily traffic count of 30,000 vehicles
