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    NW Hill Ave Fort Walton Beach, FL 32548

    For Sale
    $1,800,000

    16.31 acres with multiple zoning opportunities in Fort Walton Beach.

    Lot size:
    16.31 Acres

    Property Features for NW Hill Ave

    General Information

    Standard status
    Active
    Lot size
    16.31 Acres

    Source: RE/MAX AGENCY ONE Agent YOUR HOUSE TEAM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Walton Beach Development Land

    This 16.31-acre property is located at the corner of NW Hill Avenue and Lovejoy Road in Fort Walton Beach. The site is currently zoned Community Facilities, but it adjoins City Commerce and Technology, Mixed Use, and R-1 Single-family zones, offering multiple zoning opportunities. The property benefits from its corner location at Hill and Lovejoy Rd, providing outstanding visibility and dual road access in a high-traffic area. Situated directly next to Okaloosa Academy and just north of Highway 98 near Hurlburt Field, the location is suitable for large-scale commercial development, industrial, or multifamily use. The size and placement of the property provide flexibility for a variety of projects, with strong connectivity to established business corridors and growth areas throughout Fort Walton Beach.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6692304
    Latitude
    30.415211

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    FAQs

    What type of property is this?
    Commercial land - 16.31 acres with multiple zoning opportunities in Fort Walton Beach.
    Where is this commercial land located?
    The property is located at NW Hill Ave Fort Walton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Large 16.31-acre property with multiple zoning opportunities.; - Outstanding visibility and dual road access at the corner of NW Hill Avenue and Lovejoy Road.; - High-traffic location near Hurlburt Field and Highway 98.
    (850) 682-8309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    NW Hill Ave Fort Walton Beach, FL 32548
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