Mixed-Use Property with
For Sale
$925,000
8196 FL-85, Laurel Hill, FL 32567
Commercial for Sale, Laurel Hill, FL
Property Size3,766 SF
Lot Size0.42 Acres
Price / SF$245.62
Days on Market181
Property Features for 8196 FL-85
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Take Highway 85 N to Laurel Hill, the property fronts 85 at the intersection of 85 and 3rd St, across from the Tom Thumb.
Subdivision
25 - Crestview Area
Standard status
Active
APN
05-5N-22-2510-0003-0140
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
LAUREL HILL LOTS 14 TO 16 INC BLK 3 AND COM NW COR LOT 13 S 17 DEG E 167.28 FT TO SE COR LOT 13 N 165 FT W 50 FT TO POB
Legal Description
LAUREL HILL LOTS 14 TO 16 INC BLK 3 AND COM NW COR LOT 13 S 17 DEG E 167.28 FT TO SE COR LOT 13 N 165 FT W 50 FT TO POB
Listing Agency:
Taylor Allen Properties LLC
(850) 259-2894
Listed By:
Christopher L Wooten · License #3435164
(850) 502-9900
Added: May 1
Changed: Oct 2
Last Checked: Oct 28 at 1:06PM
MLS# 1002099
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 two-story mixed-use property combines a ground-floor restaurant with 1,302 square feet of upper-level space divided into six rooms. The building totals 3,766 square feet and includes a commercial kitchen with hood system, grease trap, walk-in cooler, and freezer. Restaurant features also include a dedicated drive-through and a screened pit room with a large-capacity smoker. Electrical service is 400 amps, with two 5-ton HVAC units.
The property comprises three parcels, including one improved with a single-family home and another equipped with septic. It fronts Hwy 85 for approximately 184 feet. The restaurant is licensed for 88 occupants, seats 68 guests, and has approximately 15 dedicated parking spaces, with additional room for overflow.
The sale includes both the real estate and restaurant operations. The second-floor rooms provide a separate space within the existing building configuration.
The property comprises three parcels, including one improved with a single-family home and another equipped with septic. It fronts Hwy 85 for approximately 184 feet. The restaurant is licensed for 88 occupants, seats 68 guests, and has approximately 15 dedicated parking spaces, with additional room for overflow.
The sale includes both the real estate and restaurant operations. The second-floor rooms provide a separate space within the existing building configuration.
Key Highlights
- Two‑story, 3,766‑square‑foot building with a 1,302‑square‑foot upper level
- Restaurant licensed for 88 occupants; seating for 68 guests
- Approximately 184 feet of frontage along Hwy 85
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,757
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,140
$915.1K
Cap Rate 7%
$653,671
$653.7K
Cap Rate 9%
$508,411
$508.4K
Market Conditions
NOI Build-Up for 3,766 SF
Gross rent
$81.3K $21.60/SF
− Vacancy
−$8.1K −$2.16/SF
EGI
$73.2K $19.44/SF
− OpEx
−$27.5K −$7.29/SF
NOI
$45.8K $12.15/SF
Area
Okaloosa County, FL
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,140
Cap Rate 7%
$653,671
Cap Rate 9%
$508,411
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,590 @ 7.0% cap · market cap 10.98%
Second Best
Mixed Use
$653.7K
$572.0K – $762.6K
NOI $45,757 @ 7.0% cap · market cap 4.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Tom Thumb Food Stores
Shops & Services
7,856 visits/mo
0.1 miles
Demographics for 32567, FL
4,210
Population
2,112
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
89%
High-School Grad
145.3 sq mi
ZIP Area
29
Density / Sq Mi
$66,215
Median Household Income
$39,404
Median Earnings
$231,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The restaurant occupies the first floor, while six rooms on the upper level offer additional business space.
Where is this mixed-use property located?
The property is located at 8196 FL-85 Laurel Hill, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑story, 3,766‑square‑foot building with a 1,302‑square‑foot upper level; Restaurant licensed for 88 occupants; seating for 68 guests; Approximately 184 feet of frontage along Hwy 85
