Office Suite with Multiple Work
B-1013 Mar Walt Dr Fort Walton Beach, FL 32547
For Sale
$200,000
For sale office suite in unit B, featuring multiple work areas and reception potential at 1013 Mar Walt Drive.
Property Size1,200 SF
Price / SF$166.67
Days on Market148
Property Features for B-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 26
Changed: Jul 23
Last Checked: Jul 24 at 2:54PM
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 for-sale office suite, identified as unit B, is offered as a commercial space with a functional interior layout that includes multiple work areas and reception potential. The space is presented for office and medical office use as reflected in the property type description.
Located at 1013 Mar Walt Drive in Fort Walton Beach, the property is described as having convenient access for clients and staff. The listing also notes that other units are available at the same space, which may support options for different office configurations.
Please note that the listing provides an approximate size of 1,200 square feet and an asking price of $200,000.
Located at 1013 Mar Walt Drive in Fort Walton Beach, the property is described as having convenient access for clients and staff. The listing also notes that other units are available at the same space, which may support options for different office configurations.
Please note that the listing provides an approximate size of 1,200 square feet and an asking price of $200,000.
Key Highlights
- Office suite for sale in unit B at 1013 Mar Walt Drive, Fort Walton Beach
- 1,200 SqFt commercial office space listed 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - For sale office suite in unit B, featuring multiple work areas and reception potential at 1013 Mar Walt Drive.
Where is this office units located?
The property is located at B-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 for sale in unit B at 1013 Mar Walt Drive, Fort Walton Beach; 1,200 SqFt commercial office space listed at $200,000; Functional layout with multiple work areas and reception potential
