Fenced-Yard
751 Lovejoy Road NW, Fort Walton Beach, FL 32548
For Sale
Contact for pricing
A gated site with substantial concrete paving provides secured outdoor space alongside the building.
Property Size3,040 SF
Lot Size0.85 Acres
Price / SF$164.47
Days on Market16
Property Features for 751 Lovejoy Road NW
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Additional Details
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Listing Agency:
Keller Williams Town & Country
Listed By:
Jared Hatcher · License FL SL3193594
(850) 443-2289
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 8:57AM
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 Keller Williams Town & Country
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Investment Insights
Based on property information with market context.
This single-story warehouse contains approximately 3,040 square feet on a 0.85-acre parcel in Fort Walton Beach. Built in 1982, the steel-frame building has metal walls and a metal roof, a finished concrete floor, an on-site office, a drive-in roll-up door and a covered canopy at the front. The property is enclosed by fencing and a gate, with extensive concrete paving across the site.
The property is located within the City of Fort Walton Beach, with Eglin AFB, Hurlburt Field and Destin identified as nearby destinations.
The property is located within the City of Fort Walton Beach, with Eglin AFB, Hurlburt Field and Destin identified as nearby destinations.
Key Highlights
- Approximately 3,040 SF building on 0.85 acres
- Single‑story steel‑frame construction, built in 1982
- Drive‑in roll‑up door and on‑site office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,664
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,280
$413.3K
Cap Rate 7%
$295,200
$295.2K
Cap Rate 9%
$229,600
$229.6K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$25.5K $8.40/SF
− Vacancy
−$1.2K −$0.40/SF
EGI
$24.3K $8.00/SF
− OpEx
−$3.6K −$1.20/SF
NOI
$20.7K $6.80/SF
Area
Okaloosa County, FL
Vacancy
4.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,280
Cap Rate 7%
$295,200
Cap Rate 9%
$229,600
Alternative Uses
Best Use
Warehouse
$295.2K
$258.3K – $344.4K
NOI $20,664 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,006 @ 7.0% cap · market cap 16.40%
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
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32548, FL
22,399
Population
14,040
Households
1.6
Avg Household Size
42
Median Age
31%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
1,851
Density / Sq Mi
$63,857
Median Household Income
$37,725
Median Earnings
$1,281
Median Rent
$291,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Warehouses in Okaloosa County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Mary Esther Storage — 749 Hollywood Blvd W, Mary Esther, FL 32569
Frequently Asked Questions
What type of property is this?
Warehouse - A gated site with substantial concrete paving provides secured outdoor space alongside the building.
Where is this warehouse located?
The property is located at 751 Lovejoy Road NW Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 3,040 SF building on 0.85 acres; Single‑story steel‑frame construction, built in 1982; Drive‑in roll‑up door and on‑site office
