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    Fort Walton Beach, FL

    Fort Walton Beach, FL Commercial Real Estate for Sale

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    Service Shop on Half Acre
    Updated: Nov 5, 2025
    Service Shop on Half Acre

    805 Playground Road, Fort Walton Beach, FL 32547

    $425,000
    2,700 sqft 0.48 AC lot
    Prime location directly off Racetrack Road and across from Pryor Middle School.
    Zoned service shop, suitable for commercial use.
    Includes two buildings: a 1300 sq ft shop and a 1400 sq ft house.
    Previously used as a lawn mower repair shop.
    Parcel size of one half acre.
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    This listing looks promising.

    Here's a quick look at some key insights for

    805 Playground Road, Fort Walton Beach, FL 32547

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $554K
      Above asking

    • Last Sold

      May 2006
      $168K

    • Property Type

      Service Shop
      Built 1980
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    Waterfront Mixed-Use Land Assemblage
    Updated: Aug 10, 2025
    Waterfront Mixed-Use Land Assemblage

    54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $6,950,000
    2.47 AC lot
    +/-2.47 acres of waterfront assemblage on the Sound of Fort Walton Beach and +/-248' along Miracle Strip Parkway.
    Two contiguous, combined parcels totaling 248' x 230' x 248' x 218' (buyer to verify dimensions).
    Zoned MX‑2 Mixed‑Use (High Intensity) per City of Fort Walton Beach land development code.
    MX‑2 allows multifamily, commercial and office uses, and other mixed‑use development scenarios on one parcel or lot/building.
    Max density in MX‑2 is 30 dwelling units per acre, with possible bonus up to 45 dwelling units per acre.
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    Fort Walton Beach Retail Opportunity
    Fort Walton Beach Retail Opportunity

    150 SE Hollywood Boulevard, Fort Walton Beach, FL 32548

    $1,950,000
    7,500 sqft 0.34 AC lot

    7,500 SF retail property in downtown Fort Walton Beach.

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    Medical Office Space For Sale
    Medical Office Space For Sale

    914B Marwalt Drive, Fort Walton Beach, FL 32547

    $670,000
    4,058 sqft

    Medical office space with lease income until September 2027.

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    Fort Walton Beach Legacy Property
    Fort Walton Beach Legacy Property

    20 NE Hollywood Boulevard, Fort Walton Beach, FL 32548

    $2,800,000
    13,513 sqft 2.76 AC lot

    2.76-acre assemblage with buildings, ideal for owner-user or redevelopment.

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    High-Visibility Commercial Office Duplex
    High-Visibility Commercial Office Duplex

    58 Beal Parkway, Fort Walton Beach, FL 32548

    $549,900
    1,800 sqft 0.24 AC lot

    1,800 SF commercial property with high visibility and flexibility.

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    Freestanding Restaurant/Catering Facility For Sale
    Freestanding Restaurant/Catering Facility For Sale

    350 Eglin Pkwy, Fort Walton Beach, FL 32547

    $1,300,000
    4,357 sqft

    4,300 SF freestanding restaurant and catering facility available.

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    Outdoor Power Equipment Retail Property
    Outdoor Power Equipment Retail Property

    799 Navy Street, Fort Walton Beach, FL 32547

    $599,000
    4,011 sqft 0.32 AC lot

    Two-building retail and service site offers flexible space for outdoor power equipment sales, repair, parts, and storage.

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    Prime Commercial Building For Sale
    Prime Commercial Building For Sale

    50 Eglin Pkwy, Fort Walton Beach, FL 32548

    $1,300,000
    2,776 sqft 0.68 AC lot

    2,776 SF building on 0.68 acres near Gulf.

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    Freestanding Retail Showroom Building
    Freestanding Retail Showroom Building

    507 NW Mary Esther Cut Off, Fort Walton Beach, FL 32548

    $1,250,000
    3,760 sqft

    Turnkey, fully renovated freestanding building on a heavily traveled corridor, suited for retail, showroom, or service use.

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    CVS Pharmacy Drug Store
    CVS Pharmacy Drug Store

    434 Racetrack Rd NE, Fort Walton Beach, FL 32547

    $5,687,000
    13,949 sqft

    Single-tenant CVS pharmacy property combining prescription services and everyday convenience retail along a high-traffic thoroughfare.

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    Fort Walton Beach Office Building
    Fort Walton Beach Office Building

    30 Ferry Rd SE, Fort Walton Beach, FL 32548

    $670,000
    2,208 sqft

    NNN leased office building in Fort Walton Beach, Florida.

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    Drive-Through Restaurant Investment
    Drive-Through Restaurant Investment

    1305 Lewis Turner Boulevard, Fort Walton Beach, FL 32547

    $3,946,900
    2,500 sqft

    Newly constructed, purpose-built drive-thru Starbucks with a direct Starbucks lease.

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    Remodeled Commercial Property with Flexible Zoning
    Remodeled Commercial Property with Flexible Zoning

    31 NE Kelly Avenue, Fort Walton Beach, FL 32548

    $324,900
    1,159 sqft 0.17 AC lot

    Versatile commercial property in Fort Walton Beach with live/work potential.

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    Freestanding Warehouse Showroom
    Freestanding Warehouse Showroom

    431 Racetrack Road Northwest, Fort Walton Beach, FL 32547

    $750,000
    5,670 sqft

    Freestanding building with glass storefront showroom, offices, and rear warehouse with two roll-up doors.

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    Medical Office Suite Opportunity
    Medical Office Suite Opportunity

    1013 Marwalt Drive D, Fort Walton Beach, FL 32547

    $400,000
    2,500 sqft

    Office suite with multiple work areas and reception potential, offering convenient client and staff access in Fort Walton Beach.

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    Eglin Parkway Commercial Development Opportunity
    Eglin Parkway Commercial Development Opportunity

    843 Eglin Pkwy, Fort Walton Beach, FL 32547

    $1,299,000
    1 sqft

    Prime 1.18-acre commercial land near Eglin Air Force Base.

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    Office/Warehouse in Fort Walton Beach
    Office/Warehouse in Fort Walton Beach

    2 NW Racetrack Road, Fort Walton Beach, FL 32547

    $1,250,000
    9,760 sqft 0.81 AC lot

    Freestanding 9,760 SF office/warehouse with excellent access and visibility.

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    NNN Leased Investment Property
    NNN Leased Investment Property

    123 Hollywood Blvd NE, Fort Walton Beach, FL 32548

    $2,676,797
    0.58 AC lot

    NNN leased investment property with a strong tenant and location.

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    Second-Floor Office Suite
    Second-Floor Office Suite

    139 Beal Parkway Unit 204, Fort Walton Beach, FL 32548

    $99,000
    800 sqft

    Second-floor office suite with a private office and restroom, newly carpeted, in a professional building with quarterly CAM.

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    Divisible Retail/Office Space in Plaza
    Divisible Retail/Office Space in Plaza

    109 Racetrack Rd NE, Fort Walton Beach, FL 32547

    Contact for pricing
    62,504 sqft 1.44 AC lot

    10,265 SF space ideal for retail or office use.

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    Office Building Near Medical Center
    Office Building Near Medical Center

    908 Marwalt Drive, Fort Walton Beach, FL 32547

    $949,000
    2,400 sqft

    Office building with multiple spaces near Fort Walton Beach Medical

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    Prime Land in Fort Walton
    Prime Land in Fort Walton

    253 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $1,100,000
    0.48 AC lot

    Undeveloped 0.48 acre outparcel in downtown Fort Walton Beach.

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    Eglin Parkway Retail Opportunity
    Eglin Parkway Retail Opportunity

    710 EGLIN PKWY NE, Fort Walton Beach, FL 32547

    Contact for pricing
    67,945 sqft

    Retail spaces for lease in Fort Walton Beach, starting at 1,800 SF.

    View details

    Fort Walton Beach, FL Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Fort Walton Beach, FL, showcased through 44 active listings on our real estate platform. These investment opportunities span a total of 201,185 square feet of properties for sale, with an estimated market value of $33,359,600.

    Sale prices for business properties in Fort Walton Beach, FL start at $99,000, averaging $1,450,417, and reaching up to $5,687,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 59K
    Population Growth (5Y) +7.7%
    Median Household Income $66,255
    College Educated 25.9%

    High-Yield Neighborhoods for Investment

    Identify Fort Walton Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32547 $1.1M
    32548 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.28%
    Property Tax per SF $17.48 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Okaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Okaloosa County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Fort Walton Beach fall within the 50,000 to 100,000 square foot range.

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