Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    658 Lovejoy Rd Fort Walton Beach, FL 32548

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Industrial Warehouse, 2,241 sq ft.

    Lot size:
    2,241 SF

    Property Features for 658 Lovejoy Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,241 SF

    Spaces For Lease

    at 658 Lovejoy Rd, Fort Walton Beach, FL 32548 Contact us
    Unit

    $118 /Mo

    Size
    2,241 SF
    Contact us

    We can help!

    Listing Contact
    Oxana Solovieva
    Oxana Solovieva

    Listing Agency: OXANASOL COMMERCIAL REAL ESTATE Listing Agent: Oxana Solovieva

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,241-square-foot flex space presents a fantastic opportunity for businesses seeking a centrally located warehouse or storage solution in Fort Walton Beach's thriving industrial park. The property boasts a single-tenant occupancy, offering privacy and control. Access is convenient with one standard door and a sizable 10x12 roll-up door, facilitating efficient loading and unloading of goods. The property is well-suited for a variety of uses, from light manufacturing to storage and distribution. A significant advantage is the inclusion of utilities within the rental cost, simplifying budgeting and operational expenses. While the space is ideal for many businesses, it's important to note that there is no restroom on-site. This property is ready for immediate occupancy and offers a cost-effective solution for businesses seeking a functional and strategically positioned industrial space in a vibrant commercial area. Its convenient location within the industrial park provides easy access to major transportation routes and other essential business services. The combination of size, accessibility, and included utilities makes this a highly attractive option for a range of industrial and storage needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Odd Jobs Willie Hardware & Home Improvement South Eastern Audio ... Electronics & Wireless Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -86.6658798
    Latitude
    30.4240203

    Nearby Similar for Lease

    • $10 SF/Yr
      8,450 SF

      Retail Space in Mariner Plaza

      Retail or office space available in Mariner Plaza.
      224 NE Eglin Pkwy, Fort Walton Beach, FL 32547
      View Details
    • $1,545 /Mo
      1,475 SF

      Office Space on Racetrack Road

      1,475 SF office space with frontage on Racetrack Road.
      17 Racetrack Rd NE, Fort Walton Beach, FL 32547
      View Details
    • $28 SF/Yr
      3,644 SF

      Fort Walton Beach Retail Space

      High-visibility retail property with drive-thru and commercial kitchen.
      302 Racetrack Rd NW, Fort Walton Beach, FL 32547
      View Details
    • $1,248 /Mo
      892 SF

      Retail Space with High Visibility

      Retail space with front and rear access and parking.
      294 Eglin Pkwy NE, Fort Walton Beach, FL 32547
      View Details
    • $1,500 /Mo
      1,100 SF

      Retail Space with New Renovations

      Renovated retail space featuring open layout and storage room.
      Eglin Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $20,000 /Mo
      10,000 SF

      Two-Story Office Space Available

      10,000 sq ft office space with dedicated parking.
      113 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $12 SF/Yr
      10,265 SF

      Retail/Office Space in Fort Walton

      10,265 SF space ideal for retail or office use.
      109-113 Racetrack Rd NE, Fort Walton Beach, FL 32547
      View Details
    • $2,650,000
      11,800 SF

      Retail Building on Eglin Parkway

      11,800 SF retail building on 1.48 acres for rent.
      11 Eglin Pkwy SE, Fort Walton Beach, FL 32548
      View Details
    • $42 SF/Yr
      5,145 SF

      Restaurant Space in Fort Walton

      Prime restaurant space for lease in Fort Walton Beach, FL.
      402 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548
      View Details
    • $5,500 /Mo
      6,100 SF

      Versatile Warehouse with Office Space

      6,100 SF commercial property with warehouse and office space.
      67 Eglin St, Fort Walton Beach, FL 32547
      View Details
    • $7,500 /Mo
      10,000 SF

      Functional Industrial Property with Bay Doors

      Versatile industrial property with high ceilings and oversized bay doors.
      33 Jet Dr NW, Fort Walton Beach, FL 32548
      View Details
    • $9,240 /Mo
      9,240 SF

      Established Warehouse Property For Rent

      Warehouse property featuring two buildings and fenced commercial lot.
      211 Truman St, Fort Walton Beach, FL 32547
      View Details

    FAQs

    What type of property is this?
    Flex space - Prime Industrial Warehouse, 2,241 sq ft.
    Where is this flex space located?
    The property is located at 658 Lovejoy Rd Fort Walton Beach, FL.
    What is the lease rate?
    The lease rate is $118 SF/Yr.
    What are key features of this property?
    This property features: 2,241 square foot single-tenant industrial flex space.; Centrally located in Fort Walton Beach industrial park.; Features one standard door and one 10' x 12' roll-up door.
    (850) 797-5277 Call to check price and availability
    Request Owner's contact information
    658 Lovejoy Rd Fort Walton Beach, FL 32548
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    658 Lovejoy Rd
    Fort Walton Beach, FL 32548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Oxana Solovieva
    Oxana Solovieva
    Real Estate License ID: 3271180
    (850) 797-5277
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!