Commercial Real Estate Market in Valparaiso, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
19 active listings and 147 off-market properties in Valparaiso, FL.
Market Trends
Valparaiso, FL spans 7.8 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Valparaiso, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Valparaiso, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Valparaiso, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Valparaiso, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 82.1%
- Civic 9.1%
- Commercial 7.1%
- Special 1.3%
- Industrial 0.4%
Largest Zones share of zoned land by district
Valparaiso, FL zones 946 acres across 10 districts. Commercial zoning covers 7.1% of zoned land, residential 82.1% and industrial 0.4%. The largest single district is Single Family Residential at 53%. For commercial buyers the practical constraint is that only 7.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Valparaiso, FL has 4,120 residents in 1,936 households. Density runs 531 people per square mile. Median household income here is $85,385 and median gross rent $1,268 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Destin | $225 | $23.00 |
| Fort Walton Beach | $191 | $13.09 |
| Mary Esther | $176 | $18.18 |
| Miramar Beach | $246 | $30.16 |
Frequently Asked Questions
How much does it cost to lease commercial space in Valparaiso?
What zoning applies to commercial property in Valparaiso?
Where does Realmo's Valparaiso market data come from?
Methodology & data sources
- Asking prices and medians
- There are 1 active for-sale and 18 active for-lease listings in Valparaiso, FL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 15 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 946 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
