Office Unit with Flexible
For Sale
$400,000
D-1013 Mar Walt Dr, Fort Walton Beach, FL 32547
Commercial space with multiple work areas, reception potential, and access for clients and staff.
Property Size2,500 SF
Price / SF$160
Days on Market232
Property Features for D-1013 Mar Walt Dr
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Asking Price
$400,000
Listing Agency:
NBI Properties Inc
(850) 243-0007
Listed By:
James E Nabors · License #3104014
(850) 420-1111
Source:
Exprealty
Added: Feb 26
Changed: Oct 10
Last Checked: Oct 16 at 1:26PM
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 2,500-square-foot office unit at D-1013 Mar Walt Drive in Fort Walton Beach offers a functional arrangement with multiple work areas and space for a reception area. The property is positioned for professional services, medical use, or a small business operation, with access designed for both clients and staff.
The space is located in a well-traveled area of Fort Walton Beach with visibility and accessibility identified as key site characteristics. Additional units at the property are also available, providing flexibility for users evaluating more than one office configuration.
The space is located in a well-traveled area of Fort Walton Beach with visibility and accessibility identified as key site characteristics. Additional units at the property are also available, providing flexibility for users evaluating more than one office configuration.
Key Highlights
- 2,500‑square‑foot office unit in Fort Walton Beach
- Functional layout with multiple work areas
- Reception area potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,288
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,760
$645.8K
Cap Rate 7%
$461,257
$461.3K
Cap Rate 9%
$358,756
$358.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$52.5K $21.00/SF
− Vacancy
−$9.5K −$3.78/SF
EGI
$43.1K $17.22/SF
− OpEx
−$10.8K −$4.31/SF
NOI
$32.3K $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%
$645,760
Cap Rate 7%
$461,257
Cap Rate 9%
$358,756
Alternative Uses
Best Use
Office B
$461.3K
$403.6K – $538.1K
NOI $32,288 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$963.4K
$843.0K – $1.12M
NOI $67,439 @ 7.0% cap · market cap 16.86%
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 units - Commercial space with multiple work areas, reception potential, and access for clients and staff.
Where is this office units located?
The property is located at D-1013 Mar Walt Dr Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,500‑square‑foot office unit in Fort Walton Beach; Functional layout with multiple work areas; Reception area potential
