Service Shop on Half
805 Playground Road Fort Walton Beach, FL 32547
805 Playground Road, Fort Walton Beach, FL, 32547
$425,000
For Sale
$425,000
Half acre parcel with shop and house near school.
Property Size2,700 SF
Lot Size0.48 Acres
Price / SF$157.41
Days on Market258
Property Features for 805 Playground Road
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.48 Acres
- Property subtype
- Commercial
Listing Agency
NBI PROPERTIES INC
(850) 243-0007
Listed by
CRAIG S BARRETT · License #3294646
Source
Corcoran
Added: Nov 5, 2025 Updated: Jul 6 at 10:06 am Checked: Jul 20 at 4:03 am
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 property is a half-acre parcel located off Racetrack Road, across from Pryor Middle School. Zoned for service shops, it includes two buildings: a 1,300-square-foot shop and a 1,400-square-foot house. The property was previously used as a lawn mower repair shop. The owner is relocating and currently cleaning up the site. This location offers potential for various business uses.
Key Highlights
- Prime location directly off Racetrack Road and across from Pryor Middle School.
- Zoned service shop, suitable for commercial use.
- Includes two buildings: a 1300 sq ft shop and a 1400 sq ft house.
Local Financial Insights For Retail
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 | $59.9k | $22.20 |
| − Vacancy | −$4.5k | −$1.67 |
| EGI | $55.4k | $20.54 |
| − OpEx | −$16.6k | −$6.16 |
| NOI | $38.8k | $14.37 |
2,700 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$554.4K
$485.1K – $646.9K
NOI $38,811 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$199.6K
$174.7K – $232.9K
NOI $13,975 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.04M
$910.4K – $1.21M
NOI $72,834 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- C A C Auto Repair Llc — 679 Denton Blvd NW unit #4, Fort Walton Beach, FL 32547
- Techmaster — 683 Denton Blvd NW #1, Fort Walton Beach, FL 32547
- Xtra Automotive & Muffler Shop — 201 Lang Rd, Fort Walton Beach, FL 32547
- Foxy Auto Repair - Mobile Mechanic — 500 Ross Rd, Fort Walton Beach, FL 32547
- Where Ya At? Mobile Automotive Repair — 600 Manchester Rd, Fort Walton Beach, FL 32547
FAQs
What type of property is this?
Auto shop - Half acre parcel with shop and house near school.
Where is this auto shop located?
The property is located at 805 Playground Road Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location directly off Racetrack Road and across from Pryor Middle School.; Zoned service shop, suitable for commercial use.; Includes two buildings: a **1300 sq ft shop** and a 1400 sq ft house.
