Auto Shop Property with Two
For Sale
$425,000
805 Playground Road, Fort Walton Beach, FL 32547
Commercial for Sale, Fort Walton Beach, FL
Property Size2,700 SF
Lot Size0.48 Acres
Price / SF$157.41
Days on Market358
Property Features for 805 Playground Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Shop
Directions
Going west on Racetrack Road turn south onto Playground Road next to Pryor Middle School
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
02-2S-24-2200-000A-0180
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
Parcel id# 02-2S-24-2200-000A-0180
Legal Description
Parcel id# 02-2S-24-2200-000A-0180
Listing Agency:
NBI Properties Inc
Listed By:
Craig S Barrett · License #3294646
(850) 243-0007
Added: Nov 4, 2025
Changed: Oct 1
Last Checked: Oct 28 at 6:06PM
MLS# 988987
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 automotive-oriented property comprises a 0.48-acre parcel with two existing buildings: a 1,300 SF shop and a separate 1,400 SF house. The site has previously operated as a lawn mower repair shop and is zoned Commercial Shop. The owner is relocating and cleanup is underway on the property.
Located at 805 Playground Road in Fort Walton Beach, the parcel sits just off Racetrack Road and across from Pryor Middle School. The combination of an established shop building, additional house structure, and commercial zoning defines the current property configuration.
Located at 805 Playground Road in Fort Walton Beach, the parcel sits just off Racetrack Road and across from Pryor Middle School. The combination of an established shop building, additional house structure, and commercial zoning defines the current property configuration.
Key Highlights
- 0.48‑acre parcel in Fort Walton Beach
- 1,300 SF shop building
- Separate 1,400 SF house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,811
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,220
$776.2K
Cap Rate 7%
$554,443
$554.4K
Cap Rate 9%
$431,233
$431.2K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$59.9K $22.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$55.4K $20.54/SF
− OpEx
−$16.6K −$6.16/SF
NOI
$38.8K $14.37/SF
Area
Okaloosa County, FL
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,220
Cap Rate 7%
$554,443
Cap Rate 9%
$431,233
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 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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 35%
Superstores 21%
Groceries 4%
Big Lots
Superstores
14,003 visits/mo
0.2 miles
Wendy's
Dining
9,997 visits/mo
0.3 miles
Wells Fargo
Shops & Services
6,817 visits/mo
0.4 miles
Dollar General
Shops & Services
6,234 visits/mo
0.2 miles
Burger King
Dining
4,668 visits/mo
0.4 miles
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
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
Similar Off Market Nearby
- 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
- 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
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes an existing shop and separate house on a commercially zoned parcel.
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: 0.48‑acre parcel in Fort Walton Beach; 1,300 SF shop building; Separate 1,400 SF house
