Office Building Near Medical
908 Marwalt Drive Fort Walton Beach, FL 32547
908 Marwalt Drive, Fort Walton Beach, FL, 32547
$949,000
For Sale
$949,000
Office building with multiple spaces near Fort Walton Beach Medical
Property Size2,400 SF
Price / SF$395.42
Days on Market453
Property Features for 908 Marwalt Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Jan Hooks Real Estate Group Inc
(850) 585-2677
Listed by
Jan N Hooks · License #679574
(850) 585-2677
Source
Exitrealty
Added: Apr 22, 2025 Checked: Jul 17 at 4:23 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 Jan Hooks Real Estate Group Inc
Investment Insights
Based on property information with market context.
This commercial building offers over 2400 square feet of space. It features separate office spaces, dressing rooms, and bathrooms. The building has 90 feet of road frontage on Mar Walt Drive. It is located approximately 2/10 of a mile from Fort Walton Beach Medical Center. A new roof was installed in March 2025, and the exterior has been repainted.
Key Highlights
- Over 2400 sq ft. of building space.
- New roof installed in March 2025.
- 90' of road frontage on Mar Walt Dr.
Local Financial Insights For Office B
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 | $50.4k | $21.00 |
| − Vacancy | −$9.1k | −$3.78 |
| EGI | $41.3k | $17.22 |
| − OpEx | −$10.3k | −$4.31 |
| NOI | $31.0k | $12.92 |
2,400 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$442.8K
$387.5K – $516.6K
NOI $30,996 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$924.9K
$809.3K – $1.08M
NOI $64,742 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Steven J. ...
Physician
Total Wright Tree ...
Landscaping
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office building with multiple spaces near Fort Walton Beach Medical
Where is this office units located?
The property is located at 908 Marwalt Drive Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Over 2400 sq ft. of building space.; New roof installed in March 2025.; 90' of road frontage on Mar Walt Dr.
