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    109 Racetrack Rd Fort Walton Beach, FL 32547

    Sponsored
    For Lease
    $15 SF/Yr

    High-traffic, 1,540 sq ft restaurant space.

    Lot size:
    62,504 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional leasing opportunity is located at 109 Racetrack Rd NE, Fort Walton Beach, FL 32547, within the Beltway Plaza Shopping Center. The property offers 1,540 square feet of versatile retail/restaurant space, ideal for a variety of businesses. Situated on a 4.05-acre lot, this Class C property enjoys prime visibility and signage along Racetrack Rd NE, benefiting from exposure to over 28,500 vehicles daily. The shopping center comprises two single-story buildings totaling 62,504 square feet and fourteen suites. Built in 1970, this established center provides a strong foundation for new tenants. The zoning is designated as SH CTR COMM. The property's location in Fort Walton Beach, Florida (zip code 32547) offers excellent access and visibility. This is a rare opportunity to secure a space in a high-traffic location within a well-established shopping center. The property's APN is 01-2S-24-0000-0032-0000. The cross street is Racetrack Rd NE. This space is ready for immediate occupancy.

    Property Features for 109 Racetrack Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,504 SF
    Class
    C
    Total Rate
    78130

    Building Details

    Year Built
    1970
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite L
    Size
    1,540 SF
    Rate per SF
    $15

    HighLights

    • High visibility and prominent signage on Racetrack Rd.
    • Beltway Plaza Shopping Center boasts over 28,500 daily vehicle counts.
    • 1,540 square feet of retail or restaurant space available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thai Hut Garden Thai Restaurant Stars N Stripes ... Liquor Store Gulf Coast Monuments Monument Maker Ocean City Bingo Bingo Hall FLUENT Cannabis Dispensary ... Herb Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -86.60935833403
    Latitude
    30.446998436553

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic, 1,540 sq ft restaurant space.
    Where is this lifestyle center located?
    The property is located at 109 Racetrack Rd Fort Walton Beach, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High visibility and prominent signage on Racetrack Rd.; Beltway Plaza Shopping Center boasts over 28,500 daily vehicle counts.; 1,540 square feet of retail or restaurant space available.
    Request Owner's contact information
    109 Racetrack Rd Fort Walton Beach, FL 32547
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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
    109 Racetrack Rd Fort Walton Beach, FL 32547
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