Office Suite with Multiple Work
For Sale
$200,000
A-1013 Mar Walt Dr, Fort Walton Beach, FL 32547
Office suite with a functional layout that includes multiple work areas and reception potential in a well-traveled setting.
Property Size1,200 SF
Price / SF$166.67
Days on Market246
Property Features for A-1013 Mar Walt Dr
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
James E Nabors · License #3104014
(850) 420-1111
Source:
Exprealty
Added: Feb 19
Changed: Oct 14
Last Checked: Oct 23 at 12:14PM
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 NBI Properties Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite offers a functional layout designed for day-to-day client and staff workflow, with multiple work areas and reception potential. The space is positioned within a commercial setting that prioritizes practical accessibility for visitors and employees.
The property is located at A-1013 Mar Walt Dr in Fort Walton Beach, Florida, and is presented as a prime office opportunity in a well-traveled area. Public remarks also indicate that other units at the same location are available.
The suite is being offered for sale, providing an ownership option for buyers seeking a commercial office space configured around reception and multiple work areas.
The property is located at A-1013 Mar Walt Dr in Fort Walton Beach, Florida, and is presented as a prime office opportunity in a well-traveled area. Public remarks also indicate that other units at the same location are available.
The suite is being offered for sale, providing an ownership option for buyers seeking a commercial office space configured around reception and multiple work areas.
Key Highlights
- Office suite at 1013 Mar Walt Drive, Fort Walton Beach
- 1,200 SqFt commercial space priced at $200,000
- Functional layout with multiple work areas and reception potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,498
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,960
$310.0K
Cap Rate 7%
$221,400
$221.4K
Cap Rate 9%
$172,200
$172.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$4.5K −$3.78/SF
EGI
$20.7K $17.22/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.5K $12.92/SF
Area
Okaloosa County, FL
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,960
Cap Rate 7%
$221,400
Cap Rate 9%
$172,200
Alternative Uses
Best Use
Office B
$221.4K
$193.7K – $258.3K
NOI $15,498 @ 7.0% cap · market cap 7.75%
Second Best
Healthcare Medical
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with a functional layout that includes multiple work areas and reception potential in a well-traveled setting.
Where is this office unit located?
The property is located at A-1013 Mar Walt Dr Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Office suite at 1013 Mar Walt Drive, Fort Walton Beach; 1,200 SqFt commercial space priced at $200,000; Functional layout with multiple work areas and reception potential
