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 Market162
Property Features for A-1013 Mar Walt Dr
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
NBI Properties Inc
(850) 420-1111
Listed By:
James E Nabors · License #3104014
(850) 420-1111
Source:
Exprealty
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 31 at 6:43PM
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
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 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 | $25.2k | $21.00 |
| − Vacancy | −$4.5k | −$3.78 |
| EGI | $20.7k | $17.22 |
| − OpEx | −$5.2k | −$4.31 |
| NOI | $15.5k | $12.92 |
1,200 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
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.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with a functional layout that includes multiple work areas and reception potential in a well-traveled setting.
Where is this office units 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
