Auto Service Shop with Retail
For Sale
$599,000
799 Navy Street, Fort Walton Beach, FL 32547
Commercial for Sale, Fort Walton Beach, FL
Property Size4,011 SF
Lot Size0.31 Acres
Price / SF$149.34
Days on Market155
Property Features for 799 Navy Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU
Directions
From Racetrack Road turn south on to Navy Street. Property is located at the 4 way stop.
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
02-2S-24-1520-000A-0010
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Lloyd & Hetherington S/D Lots 1 Blk A
Legal Description
Lloyd & Hetherington S/D Lots 1 Blk A
Listing Agency:
ERA American Real Estate · ERA Real Estate
(850) 651-2454
Listed By:
Keith R Wood · License #3200493
(850) 200-2039
Added: May 27
Changed: Oct 1
Last Checked: Oct 28 at 9:06AM
MLS# 1004080
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This MU-zoned commercial property includes two buildings totaling approximately 4,011 square feet on Navy Street in Fort Walton Beach. The primary structure measures approximately 3,102 square feet, complemented by a secondary building of approximately 909 square feet. The configuration supports a combination of retail, parts, repair, storage, and equipment display functions, with flexibility for continued automotive or outdoor power equipment-related operations.
The property is associated with an established outdoor power equipment business serving the local market for more than 60 years. Existing operations include equipment sales, repairs, parts, and service for lawnmowers, chainsaws, generators, trimmers, and related products. The real estate may be acquired separately or together with the operating business and inventory, providing multiple acquisition structures for an owner-operator or an established service business.
The property is associated with an established outdoor power equipment business serving the local market for more than 60 years. Existing operations include equipment sales, repairs, parts, and service for lawnmowers, chainsaws, generators, trimmers, and related products. The real estate may be acquired separately or together with the operating business and inventory, providing multiple acquisition structures for an owner-operator or an established service business.
Key Highlights
- Two buildings totaling approximately 4,011 square feet
- Primary building measures approximately 3,102 square feet
- Secondary building contains approximately 909 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,113
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,260
$882.3K
Cap Rate 7%
$630,186
$630.2K
Cap Rate 9%
$490,144
$490.1K
Market Conditions
NOI Build-Up for 4,011 SF
Gross rent
$72.2K $18.00/SF
− Vacancy
−$4.3K −$1.08/SF
EGI
$67.9K $16.92/SF
− OpEx
−$23.8K −$5.92/SF
NOI
$44.1K $11.00/SF
Area
Okaloosa County, FL
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,260
Cap Rate 7%
$630,186
Cap Rate 9%
$490,144
Alternative Uses
Best Use
Retail
$823.7K
$720.7K – $960.9K
NOI $57,656 @ 7.0% cap · market cap 9.63%
Second Best
Flex RnD
$630.2K
$551.4K – $735.2K
NOI $44,113 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.80M
NOI $108,200 @ 7.0% cap · market cap 18.06%
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
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Allied Brake & Alignment Automotive Service — 101 duloft st, fort walton beach, fl 32547
- Auto Glass Center — 101 Lang Rd, Fort Walton Beach, FL 32547
- Pep Boys — 705 Beal Pkwy, Fort Walton Beach, FL 32547
- Thompson's Auto Services — 101 Lang Rd, Fort Walton Beach, FL 32547
- Xtra Automotive & Muffler Shop — 201 Lang Rd, Fort Walton Beach, FL 32547
Frequently Asked Questions
What type of property is this?
Auto shop - MU-zoned commercial property with separate buildings suited to retail, parts, equipment display, repairs, and storage.
Where is this auto shop located?
The property is located at 799 Navy Street Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two buildings totaling approximately 4,011 square feet; Primary building measures approximately 3,102 square feet; Secondary building contains approximately 909 square feet
