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 Market259
Property Features for B-1013 Mar Walt Dr
General Information
Standard status
Size
Building Details
Tenancy
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
James E Nabors · License FL #3104014
(850) 420-1111
Source:
Exprealty
Added: Feb 26
Changed: Nov 6
Last Checked: Nov 10 at 2:18PM
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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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
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
—
—
no second resolved use
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
Lease Details
Multi-tenant
Tenancy
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
$299,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Fort Walton Beach, FL
Properties on Market for Office Units in Fort Walton Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - For sale office suite in unit B, featuring multiple work areas and reception potential at 1013 Mar Walt Drive.
Where is this office unit 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
