0 Industrial Dr Crestview, FL 32539
This exceptional retail investment opportunity presents three buildings totaling 48,808 square feet situated on 1.17 to 1.21 acres of land in Crestview, Florida. Located in Okaloosa County, with a convenient address on Industrial Drive, zip code 32539, this property boasts high visibility due to its frontage on North Ferndon Boulevard/HWY 85. The property is comprised of three separate buildings, offering flexible space options. Individual spaces range from a minimum of 18,800 square feet up to a maximum contiguous space of 48,808 square feet. Currently, there is 67,608 square feet of vacant space available, presenting a significant opportunity for multiple tenants or a single large-scale operation. This development is situated within a future +/- 47,808 square foot Walmart Neighborhood Market shopping center, ensuring high traffic and strong consumer presence. The property's location provides excellent access to major roadways and a thriving community, making it an ideal location for a variety of retail businesses. This is a rare opportunity to acquire prime retail space in a high-growth area. The property is classified as Commercial Retail and Land, with multiple tenancy options.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.