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    658 Lovejoy Rd Fort Walton Beach, FL 32548

    Sponsored
    For Sale
    $1,350,000

    High-yield flex/warehouse investment. Fully occupied.

    Property size:
    20,751 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, multi-tenant industrial property located at 658 Lovejoy Rd NW, Fort Walton Beach, Florida, 32548. The property encompasses a substantial 20,751 square feet of combined office, flex, and warehouse space situated on a one-acre lot (43,560 square feet). Currently generating a 7% capitalization rate, this property offers significant upside potential due to below-market rents. Detailed rent rolls are available upon request, showcasing the current income stream and the potential for future rent increases. The property consists of two parcels and is classified as a modified lease, multi-tenancy structure. The asking price for this prime industrial investment is $1,350,000. This property is ideally situated within an established Fort Walton Beach industrial park, providing excellent access to transportation routes and a strong local workforce. The combination of existing income, potential for rent growth, and strategic location makes this a compelling investment opportunity in the thriving Florida market. Don't miss this chance to acquire a high-performing asset with substantial long-term growth prospects.

    Property Features for 658 Lovejoy Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    20,751 SF
    Lot Size
    43,560 SF

    HighLights

    • 1.0‑acre lot
    • 43,560 square foot lot
    Property Profile Location Intelligence

    Current Use by Public Records

    Odd Jobs Willie Handyman/Handywoman/Handyperson South Eastern Audio ... Audio Visual Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6659092
    Latitude
    30.424055

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    FAQs

    What type of property is this?
    Distribution property - High-yield flex/warehouse investment. Fully occupied.
    Where is this distribution property located?
    The property is located at 658 Lovejoy Rd Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1.0-acre lot; 43,560 square foot lot;
    Request Owner's contact information
    658 Lovejoy Rd Fort Walton Beach, FL 32548
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    Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    658 Lovejoy Rd Fort Walton Beach, FL 32548
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